When SPH announced its plan to cull staff for the next couple of years, it was a sign of times for the media giant. Faced with falling revenues and declining daily newspaper circulation, SPH is grappling with the disruptions of the media industry. Nonetheless, it is important to note that over the past decades, SPH had made numerous acquisitions of online media platforms. Thus, will SPH acquire The Finance SG?
Ten years ago, SPH set the dot-com community on fire by acquiring IT media company, Hardwarezone, for a cool $7.1 million. The online magazine has a monthly pageviews of over 35 million and is widely considered one of the top websites in Singapore (in terms of traffic). The mega deal came at a time when the online entrepreneur scene was still reeling from the aftermath of the dot-com implosion. The deal set the stage for today’s fintech evolution and let many online entrepreneurs dream again......