Singapore Press Holdings plans to divest its 20 per cent stake in Mediacorp TV (which owns Channels 5, 8 and U and Mediacorp Studios) and 40 per cent stake in Mediacorp Press, the publisher of the Today newspaper, for $18 million, the firm said on Friday (Aug 25).
SPH expects to record a writedown of about $31 million in its books. The deal is likely to be completed at the end of September.
The deal comes 12 years after SPH purchased the stakes as part of a media industry asset consolidation in 2005. During the consolidation, SPH transferred a TV channel to Mediacorp and took a 20 per cent stake in Mediacorp TV.
SPH also merged its free newspaper Streats with Today, and invested in a 40 per cent stake in Mediacorp Press.
As part of the deal announced on Friday, Mediacorp will also stop publishing any soft copy or computer-readable format of Today that has the look and feel of a hardcopy version of the newspaper, for a period of five years.
By Chew Hui Min
SINGAPORE – My Paper and The New Paper (TNP) will merge to form a revamped TNP that will be distributed free from December, Singapore Press Holdings (SPH) announced on Monday (Oct 17).
The new TNP, which will combine the strengths of both products, will be available at existing distribution points including MRT stations. It will continue to be available online.
The new TNP will be launched on Dec 1, and available for free from Monday to Saturday at existing distribution points, including MRT stations, SPH said yesterday. The paper will also be available online.
By Divya Balji
RBKD: According to Bloomberg, SPH intends to merge The New Paper and MyPaper, offering the new combined paper for free, going heads-on with Mediacorp’s TODAY papers.
By Chrystal Chan
Drama was clearly where Singapore fashion label Zardozë’s Autumn Winter 2013 collection was heading. The opening soundtrack featured a quote from The Great Gatsby, “I like large parties. They’re so intimate. At small parties there isn’t any privacy” before piping music from the soundtrack of the Baz Luhrmann-directed movie.
If that was to indicate the collection would reference the glitzy 1920s, you guessed right. The Zardozë ready-to-wear collection was designed around the concept of nostalgia and the pinning for a time long past. However even though there were sparkling embellishments aplenty, it was hard to see what was retrospective about the collection.
Metallic snakeskin in electric blue and silver appeared on the runway for the Zardozë ready-to-wear line on tailored blazers and pants, alongside modern day gowns and shift dresses that were perfectly wearable, but didn’t do much to excite. What it did however, was whet our appetites for the highlight of the show, the Panthea line.
The Zardozë Panthea line, the Singapore-based label’s couture line came up trumps with spectacular gowns, each more amazing than the one before. The proof was in the pudding; with front row A-list stars Fann Wong and Rui En showing their support in bespoke Zardozë Panthea gowns, Wong in a jaw-dropping floor-sweeping black gown and Rui En in a emerald green stunner.
Fann Wong, Rui En and Dick Lee chatting before the fashion show.
Singapore, 27 January 2011 — The highly anticipated Singapore Entertainment Awards (SEA) is back. This year’s SEA 2011 celebration concert will be held at the Singapore Indoor Stadium for the first time. Tickets for the concert, which will be held on 2 April 2011, will go on sale starting 7 February.
Winners of the SEA 2011 will be announced in end March. The qualifying period for nomination is from 1 December 2009 to 31 December 2010. This year’s SEA 2011 Celebration Concert will also be telecast “live” on one of Starhub Cable TV’s channel E-City after the event at a later date.
Nominees are divided into the “Most Popular” category, which is based on public voting and the “Best” category, which is decided by a panel of judges comprising SPH journalists, together with local and foreign media industry experts.
From 7 Feb to 21 March 2011, public voting for the 18 “Most Popular” categories can be done through SMS 77877 or online at sgeawards.omy.sg. The public can also vote at the publicity roadshows in February.
J. e 乐人气本地电视演员 Most Popular Local TV Actor
10. 瑞恩 Rui En