The Straits Times-Sept 22

SPH Media Trust, a company limited by guarantee (CLG) that will take over the media business of Singapore Press Holdings (SPH) in December, offers a new future for the media outlets that currently belong to SPH. That future consists essentially in benefiting from a change in the business model in order to serve news consumers better. Since a CLG is a profit-making commercial venture with profits reinvested in the business, the new model will free media operations from being constrained by the nature of a publicly listed company, which is subject to expectations from shareholders of profitability and regular dividends. The CLG alternative will, instead, allow SPH Media Trust to seek funding from public and private sources with a shared interest in supporting quality journalism – an option not open to a listed company – so that its journalists can focus on their professional mission. Read more at: https://www.straitstimes.com/opinion/st-editorial/building-on-a-legacy-of-readers-trust