Chitchat Good News! SPH to get S$260MIL Funding in 2024!

[Pinkieslut]

SPH Media Trust to receive S$260 million funding for FY2024​

SPH Media did not meet all its KPIs.
Hannah Martens |

March 01, 2024, 07:11 PM

Events​

Secret Wild-erland​

24 Nov 23, 12:00AM - 17 Mar 24, 11:59PM

Night Safari, Mandai Wildlife Reserves




The Ministry of Communication and Information (MCI) will disburse around S$260 million in funding to SPH Media Trust for the financial year of 2024, said Josephine Teo, Minister for Communication and Information, during the Committee Supply debates on Mar. 1, 2024.
This is part of the S$900 million the government would provide SPH Media Trust over five years from 2022.

Previously, in February 2022, MCI said it would be giving SPH Media Trust (SMT) up to S$180 million a year over five years to "sustain its current operations and to invest in the future".

S$320 million disbursed across FY 2022 and 2023​

Teo said across the financial years of 2022 and 2023, S$320 million has been disbursed to SPH Media.
She reiterated that the government stepped in to give SPH Media "a fighting chance" in this new media landscape.
She said SPH Media is "facing its biggest challenge yet" as the media industry has been "severely disrupted" by digitalisation and social media.



"Anticipating a more challenging environment," she said. "We have budgeted to provide SPH media with around S$260 million in funding for FY 2024."
Teo explained that the funding for SPH Media reflects "the importance the government has placed on quality journalism, digital transformation and upholding multiculturalism to ensure public accountability and fiscal prudence."

SPH Media is structured to compromise members representing different segments of society from commercial entities to local institutes of higher learning, but "ultimately, SPH Media is accountable to Singaporeans".
She said SPH Media plays a "crucial role" as a "public service media".
However, she acknowledged that SPH Media is "facing its biggest challenge yet" as the media industry has been "severely disrupted" by digitalisation and social media.

Did not reach all Key Performance Indicators​

Teo added that Key Performance Indicators (KPIs) are set for SPH Media to track reach and engagement across all communities, including specific targets for vernacular outlets, youth and digital reach.
SPH Media must also report to MCI regularly on their performance in those areas and comply with the relevant audits to ensure oversight of how funds are spent, as well as ownership and accountability of public service media outcomes.
Teo said that the funding disbursed has been "put to good use" as SPH Media has been strengthening its digital systems to improve its outreach in line with other global publications.
She said they still have a "considerable catch-up" to do.
She acknowledged that SPH Media "maintained its overall reach" and achieved a "modest increase" in its digital subscriptions.
However, it did not meet all its KPIs on digital reach, youth reach, vernacular reach and average time spent on its websites and applications.

"Accordingly, it did not receive the full funding that was committed."

 

[millim6868]

Close it down, cb

 

[Franjipani]

absolute waste of taxpayer monies

 

[laksaboy]

No news, no journalism, just pure propaganda. 党媒.

Subscription numbers or ad revenue no longer matters.

 

[laksaboy]

I guess one of the KPIs met was this?

 

[A Singaporean]

The worse you perform the more money you get.

 

[laksaboy]

The worse you perform the more money you get.

To their paymasters, they have performed exceedingly well.

 

[bobby]

She is one fuggly cunt…bet you her husband fucking outside

 

[laksaboy]

She is one fuggly cunt…bet you her husband fucking outside

First half of your life, how you look depends on what genes you have inherited from your parents.

Second half of your life, how you look is a reflection of your heart.

 

[Sustanon]

a zombie company.... the only way it can survive till now is on government subsidies, forcing school kids to buy useless newsletter, etc..... why would I even want to pay money to buy newspaper that I myself finds it comical and do not even believe any of the content at all??? As a matter of fact, I don't even watch any news or read any news.... the more garbage news one consumes, the more stupid he becomes....

 

[batman1]

Taxpayers'money down the sewers.

 

[k1976]

SPH Media Trust to receive S$260 million funding for FY2024​

SPH Media did not meet all its KPIs.
Hannah Martens |

March 01, 2024, 07:11 PM

Events​

Secret Wild-erland​

24 Nov 23, 12:00AM - 17 Mar 24, 11:59PM

Night Safari, Mandai Wildlife Reserves




The Ministry of Communication and Information (MCI) will disburse around S$260 million in funding to SPH Media Trust for the financial year of 2024, said Josephine Teo, Minister for Communication and Information, during the Committee Supply debates on Mar. 1, 2024.
This is part of the S$900 million the government would provide SPH Media Trust over five years from 2022.

Previously, in February 2022, MCI said it would be giving SPH Media Trust (SMT) up to S$180 million a year over five years to "sustain its current operations and to invest in the future".

S$320 million disbursed across FY 2022 and 2023​

Teo said across the financial years of 2022 and 2023, S$320 million has been disbursed to SPH Media.
She reiterated that the government stepped in to give SPH Media "a fighting chance" in this new media landscape.
She said SPH Media is "facing its biggest challenge yet" as the media industry has been "severely disrupted" by digitalisation and social media.



"Anticipating a more challenging environment," she said. "We have budgeted to provide SPH media with around S$260 million in funding for FY 2024."
Teo explained that the funding for SPH Media reflects "the importance the government has placed on quality journalism, digital transformation and upholding multiculturalism to ensure public accountability and fiscal prudence."

SPH Media is structured to compromise members representing different segments of society from commercial entities to local institutes of higher learning, but "ultimately, SPH Media is accountable to Singaporeans".
She said SPH Media plays a "crucial role" as a "public service media".
However, she acknowledged that SPH Media is "facing its biggest challenge yet" as the media industry has been "severely disrupted" by digitalisation and social media.

Did not reach all Key Performance Indicators​

Teo added that Key Performance Indicators (KPIs) are set for SPH Media to track reach and engagement across all communities, including specific targets for vernacular outlets, youth and digital reach.
SPH Media must also report to MCI regularly on their performance in those areas and comply with the relevant audits to ensure oversight of how funds are spent, as well as ownership and accountability of public service media outcomes.
Teo said that the funding disbursed has been "put to good use" as SPH Media has been strengthening its digital systems to improve its outreach in line with other global publications.
She said they still have a "considerable catch-up" to do.
She acknowledged that SPH Media "maintained its overall reach" and achieved a "modest increase" in its digital subscriptions.
However, it did not meet all its KPIs on digital reach, youth reach, vernacular reach and average time spent on its websites and applications.

HWZ moderators can huat big big hah

 

[k1976]

Taxpayers'money down the sewers.

Feed those JLB mah...all grass roots connections very strong

 

[k1976]

Leemember Raise GST to help the "poor", u know?

Taxpayers'money down the sewers.

 

[batman1]

Leemember Raise GST to help the "poor", u know?

Very tragic n sad for sinkees....sinkees mouth got stuck with dick. ....

 

[k1976]

Very tragic n sad for sinkees....sinkees mouth got stuck with dick. ....

Most sinki enjoy that...no worries

In fact, sinki will like to see more help

 

[k1976]

SPH Media Trust to receive S$260 million funding for FY2024​

SPH Media did not meet all its KPIs.
Hannah Martens |

March 01, 2024, 07:11 PM

Events​

Secret Wild-erland​

24 Nov 23, 12:00AM - 17 Mar 24, 11:59PM

Night Safari, Mandai Wildlife Reserves




The Ministry of Communication and Information (MCI) will disburse around S$260 million in funding to SPH Media Trust for the financial year of 2024, said Josephine Teo, Minister for Communication and Information, during the Committee Supply debates on Mar. 1, 2024.
This is part of the S$900 million the government would provide SPH Media Trust over five years from 2022.

Previously, in February 2022, MCI said it would be giving SPH Media Trust (SMT) up to S$180 million a year over five years to "sustain its current operations and to invest in the future".

S$320 million disbursed across FY 2022 and 2023​

Teo said across the financial years of 2022 and 2023, S$320 million has been disbursed to SPH Media.
She reiterated that the government stepped in to give SPH Media "a fighting chance" in this new media landscape.
She said SPH Media is "facing its biggest challenge yet" as the media industry has been "severely disrupted" by digitalisation and social media.



"Anticipating a more challenging environment," she said. "We have budgeted to provide SPH media with around S$260 million in funding for FY 2024."
Teo explained that the funding for SPH Media reflects "the importance the government has placed on quality journalism, digital transformation and upholding multiculturalism to ensure public accountability and fiscal prudence."

SPH Media is structured to compromise members representing different segments of society from commercial entities to local institutes of higher learning, but "ultimately, SPH Media is accountable to Singaporeans".
She said SPH Media plays a "crucial role" as a "public service media".
However, she acknowledged that SPH Media is "facing its biggest challenge yet" as the media industry has been "severely disrupted" by digitalisation and social media.

Did not reach all Key Performance Indicators​

Teo added that Key Performance Indicators (KPIs) are set for SPH Media to track reach and engagement across all communities, including specific targets for vernacular outlets, youth and digital reach.
SPH Media must also report to MCI regularly on their performance in those areas and comply with the relevant audits to ensure oversight of how funds are spent, as well as ownership and accountability of public service media outcomes.
Teo said that the funding disbursed has been "put to good use" as SPH Media has been strengthening its digital systems to improve its outreach in line with other global publications.
She said they still have a "considerable catch-up" to do.
She acknowledged that SPH Media "maintained its overall reach" and achieved a "modest increase" in its digital subscriptions.
However, it did not meet all its KPIs on digital reach, youth reach, vernacular reach and average time spent on its websites and applications.

Banzai...Banzai...Banzai...

More Leepoker can buy 200k Toyota ler

 

[Loofydralb]

Jobless sinkies would do well to join the propaganda dept.
They pay well with this kind of taxpayer fundings.

 

[mahjongking]

just legalised bribe.... 260m divided by 3m sinkee each can get $87

 

[bigozt]

If SPH closes then who will push SG's narratives? Malaysia media?!

They will only say SG stole MY's food, SIA caused MAS' failures.