To be fair to Ng, when he took over SPH, it was already on the sunset.
SPH is a sad case of a public listed company having to do the bidding for ruling party and unable to keep up with readers' desires for quality and objective reporting.
Management and editors care more about protecting their arse and being politically correct so as not to get into ruling party bad book than to think for the long term growth of the business.
The business model of having to fend for itself with it hands and legs tie was never viable. The seeds for it eventual declined were sowed long ago.