Singapore Press Holdings (SPH) is Singapore’s oldest newspaper and media organization that holds a monopoly in the country. In our current era, technological disruption is inevitable: SPH’s most recent nine-month financial results further prove the challenges the company is facing when they reported an 8.4% decrease in revenue and a 31.9% decrease in profit.
Investors can expect SPH to continue to face disruption in its industry moving forward. The good news is SPH noticed the trend years ago and made the move to diversify its business early. However, I personally think the speed of disruption was faster than expected and has caught SPH off guard.
In this article, I want to talk about Singapore Press Holdings’ challenges in the years ahead and its implications on the company:
1. SPH’s media revenue is decreasing
Media business segment revenue decreased from a high of S$1,036.4 million in 2012 to …