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Calvin cheng umbrage with ng yat chung umbrage
- Thread starter Ralders
- Start date
SPH RESTRUCTURING
Let’s not mince words : the ‘restructuring’ of SPH is an admission that the management of the company has completely and utterly failed to save its media business.
It is true that the traditional media business - especially news - is very challenging everywhere.
But this has to be seen in context.
First, it is not impossible.
The New York Times, South China Morning Post and quite a few others, have shown how one can transition to a profitable business in the digital age.
Secondly, and more importantly, SPH Media operates as part of a media duopoly in Singapore with Mediacorp.
In news, it is the stronger of the two, and is effectively a monopoly.
If you cannot succeed as a monopoly, then not only are you an utter failure, you shouldn’t even be allowed to lead a piss-up in a brewery.
The Government literally protects you with a license to ensure only you can provide news legally, and you still fail?
Better concede that you have no future in leading any business. The entire management team.
Shareholders now need to closely scrutinise the deal. It’s effectively a nationalisation of the media assets, which are very important for the national security of Singapore.
But it will not only be subsidised by a 80m injection now, it will then be spun off for a nominal sum.
If I were a substantial shareholder, I would be very upset.
The remnant SPH will essentially be Singapore Property Holdings.
Can this be turned around without the media business?
We shall see.
But given the track record of the current CEO, he will probably attempt to sell off the assets, and consider this a success.
It’s not.
You don’t need special skills to auction off good assets.
We can also hire the guy with the loudhailer at the Hungry Ghost Festival auctions at HDB estates.
He might actually do a better job.
- CC
Let’s not mince words : the ‘restructuring’ of SPH is an admission that the management of the company has completely and utterly failed to save its media business.
It is true that the traditional media business - especially news - is very challenging everywhere.
But this has to be seen in context.
First, it is not impossible.
The New York Times, South China Morning Post and quite a few others, have shown how one can transition to a profitable business in the digital age.
Secondly, and more importantly, SPH Media operates as part of a media duopoly in Singapore with Mediacorp.
In news, it is the stronger of the two, and is effectively a monopoly.
If you cannot succeed as a monopoly, then not only are you an utter failure, you shouldn’t even be allowed to lead a piss-up in a brewery.
The Government literally protects you with a license to ensure only you can provide news legally, and you still fail?
Better concede that you have no future in leading any business. The entire management team.
Shareholders now need to closely scrutinise the deal. It’s effectively a nationalisation of the media assets, which are very important for the national security of Singapore.
But it will not only be subsidised by a 80m injection now, it will then be spun off for a nominal sum.
If I were a substantial shareholder, I would be very upset.
The remnant SPH will essentially be Singapore Property Holdings.
Can this be turned around without the media business?
We shall see.
But given the track record of the current CEO, he will probably attempt to sell off the assets, and consider this a success.
It’s not.
You don’t need special skills to auction off good assets.
We can also hire the guy with the loudhailer at the Hungry Ghost Festival auctions at HDB estates.
He might actually do a better job.
- CC
Ng Yat Chung to Calvin Cheng:
SPH RESTRUCTURING
Let’s not mince words : the ‘restructuring’ of SPH is an admission that the management of the company has completely and utterly failed to save its media business.
It is true that the traditional media business - especially news - is very challenging everywhere.
But this has to be seen in context.
First, it is not impossible.
The New York Times, South China Morning Post and quite a few others, have shown how one can transition to a profitable business in the digital age.
Secondly, and more importantly, SPH Media operates as part of a media duopoly in Singapore with Mediacorp.
In news, it is the stronger of the two, and is effectively a monopoly.
If you cannot succeed as a monopoly, then not only are you an utter failure, you shouldn’t even be allowed to lead a piss-up in a brewery.
The Government literally protects you with a license to ensure only you can provide news legally, and you still fail?
More at https://tinyurI.com/33ksmuxn
Let’s not mince words : the ‘restructuring’ of SPH is an admission that the management of the company has completely and utterly failed to save its media business.
It is true that the traditional media business - especially news - is very challenging everywhere.
But this has to be seen in context.
First, it is not impossible.
The New York Times, South China Morning Post and quite a few others, have shown how one can transition to a profitable business in the digital age.
Secondly, and more importantly, SPH Media operates as part of a media duopoly in Singapore with Mediacorp.
In news, it is the stronger of the two, and is effectively a monopoly.
If you cannot succeed as a monopoly, then not only are you an utter failure, you shouldn’t even be allowed to lead a piss-up in a brewery.
The Government literally protects you with a license to ensure only you can provide news legally, and you still fail?
More at https://tinyurI.com/33ksmuxn
Drop 20 before u talk to me !!!
clearly Calvin bought a lot of SPH shares...Haaaaa
maybe sembcorp marine and SIA also?
Ng Yat Chung takes umbrage at Chew Hui Min's question on "editorial integrity"
Well Calvin for once is right. This exercise is futile. It would be straightforward if they just sold SPH to Ministry of Comm and Info for $80million.
But here is the pincher. Will the rest of GLCs go this way because everyone knows the management elsewhere is no different, sometimes even worse.
None of them knows how to grind out an efficient productive outfit. Infact all of them are just riding on inherent an protected industry.
But here is the pincher. Will the rest of GLCs go this way because everyone knows the management elsewhere is no different, sometimes even worse.
None of them knows how to grind out an efficient productive outfit. Infact all of them are just riding on inherent an protected industry.
Ng Yat Chung that fat fucking cheebye is one useless fucking cunt. These SAF dogs are worthless. Fuck him, fuck his mother's vheebye.
The proposed business model allows for the continued milking of funds from the new set of "shareholders"
who may be doing it out of PR and goodwill to the PAP.
who may be doing it out of PR and goodwill to the PAP.
Wah, this useless paper general sibei kuai lan siah. Such a fucking failure and still so kuai lan. Umbrage? Um-kee lang ah!
Hahaha... how on earth did PAP pick such low IQ and EQ morons as their elites... That performance is utter embarrassment
........typical papigWah, this useless paper general sibei kuai lan siah. Such a fucking failure and still so kuai lan. Umbrage? Um-kee lang ah!
look at how lhl fixes oppo you will understand the shits in their heads
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