SPH’s falling newspaper circulation and why Buffett is buying newspapers
By Investment Moats  •  July 14, 2012


Singapore Press Holdings announced their Q3 2012 results yesterday.

  1. Net Profit for the quarter down 10%. this was largely due to lower Net Income from Investments
  2. Net Debt edges up. Net debt to asset is now 16% from 13% a quarter ago. This is largely due to investing in new Seletar land for shopping mall development
  3. Operating Cash Flow, Investing Cash Flow largely negative due to higher receivables and investments in new Seletar land venture

Fall in newspaper circulation

I went for a three week reservist training not too long ago and as I usually do not buy the Straits Times I took a look at it. The content is largely the same. The surprising thing was how thin the classified section was. Full page ads still look pretty well taken up.

I asked around and seems like no one orders newspapers at home any more. But it is somewhat ...

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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