I thought that it is a no-brainer to agree to the transfer of Media business out of SPH and into the newly created CLG entity. Media is a loss making business. Existing shareholders need to bite the bullet and agree to pay the divorce fees to get rid of the Media segment. It is only with the media business out of SPH that we can move on to the next stage of a wider corporate action options being made available to sell of the property business of SPH to other interested 3rd parties.

1. Media still making losses despite 2 rounds of staff cutting to save reduce labour cost.

Once the traditional media economic moat is being disrupted by Facebook, google etc, there is no point in trying to keep doing "headcount restructuring". SPH already went through 2 rounds. There is a limit that can be cut in order to preserve the quality of journalism and news being reported....