Serious 67-Year Old Sinkie News Agency Finally Uplorry! Been Around Since The PAP! Guess News Agency!

[JohnTan]

SINGAPORE - Katong News Agency, which opened in 1955, is shutting down after 67 years in business.

The 1,386 sq ft, two-storey shophouse was sold for $4.2 million, or at $3,029 per sq ft (psf), in December.

https://www.straitstimes.com/busine...er-67-years-two-storey-shophouse-sold-for-42m

 

[Pinkieslut]

Good riddance

 

[JohnTan]

Good riddance

I thought oppies prefer to have more news agencies operating in Singapore.

 

[dredd]

A pity. This was the place I usually get my schoolbooks and stationery from in Primary school.

 

[myfoot123]

East Coast Plan didn't work for him.

 

[JohnTan]

East Coast Plan didn't work for him.

The media landscape in Singapore has changed very quickly. Just look at SPH and Mediacorp. Katong News Agency needs to restructure if it wants to survive.

 

[myfoot123]

The media landscape in Singapore has changed very quickly. Just look at SPH and Mediacorp. Katong News Agency needs to restructure if it wants to survive.

He probably carried too many unsaleable PAP memoires on his shelve. Gone case for him.