SPH have been a grandfather stock for many retirees and dividend stock investors.

1. An attractive consistent 5-6% yield.
2. A business that is well protected by the local government.
3. Low barriers to entry but overwhelming incumbent.
4. Main business is an old business that continues to do well.

I have to admit that for 2-3 years I have the impression that SPH is going to have a challenging business model.

1. News will have no branding. Being a geek I am more attuned with how technology progresses. Although the internet have been around for some time we are at a certain stage where the 10-35 population will get most of their information from sources other than news paper content, be it BBC, CNN, SKY Sports, Soccernet, Teamtalk, Huffington Post, Download Squad, Finanical Times, Forbes. Those are niche providers of quality news and for readers of particular interest, the cost to switch to these ...