SPH has officially transferred its media business to the non-profit entity, SPH Media Trust, on 1 Dec 2021. That marks the end of the commercialisation phase of newspapers and printed media in Singapore. The older investors would recall how SPH used to be a popular blue chip stock that gave out good dividends. It was also a near-monopoly business in Singapore. Today, it is a shadow of its former self. SPH was incorporated in 4 Aug 1984 with the aim to merge a group of indie newspaper agencies and became dominant in the media space in Singapore. The only true rival was the former versions of Mediacorp (SBC). They were competing fiercely in the early 2000s when SPH got the license to air TV channels and Mediacorp launched a free newspaper, Today. The competition didn’t last long as the Singapore market was too small to fight for. So they revert back to their core...