SPH to restructure media business into not-for-profit entity (lol...er ok)

[laksaboy]

SPH alrdy is govt spy agency subcon... non profit means will truely become spy agency?

Means they've stopped pretending to be journalists. Previously they had all those 'journalism awards' nonsense.

SPH wins 8 awards at Asian Media Awards 2017
APRIL 20, 2017
https://www.asiaone.com/singapore/sph-wins-8-awards-asian-media-awards-2017

 

[Leongsam]

So that freeloaders can enjoy PREMIUM CONTENT from Clara without paying? Dream on hor!

https://www.straitstimes.com/singap...-from-curry-puff-disaster-to-cooking-for-love

They actually thought that people would pay to read that sort of shit???

 

[laksaboy]

They actually thought that people would pay to read that sort of shit???

There will always be deluded fools out there.

Anyway they have a captive market share in schools, universities and libraries etc.

 

[SalahParking]

SingaporeSPH to restructure media business into not-for-profit entity amid falling revenue
A view of the Singapore Press Holdings (SPH) building in Toa Payoh. (File photo: TODAY/Najeer Yusof)
By Davina Tham
06 May 2021 11:14AM(Updated: 06 May 2021 01:03PM)
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SINGAPORE: Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6).
The restructuring exercise involves transferring the entire media-related business of SPH to a newly incorporated wholly owned subsidiary, SPH Media Holdings.

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[laksaboy]

Is there a difference between non-profit and not-for-profit? Do they get certain taxation exemptions? Any business lawyers can clarify?

https://www.uschamber.com/co/start/strategy/nonprofit-vs-not-for-profit-vs-for-profit

There are four key differences between a nonprofit and a not-for-profit:

1. Nonprofits are formed explicitly to benefit the public good; not-for-profits exist to fulfill an owner’s organizational objectives.
2. Nonprofits can have a separate legal entity; not-for-profits cannot have a separate legal entity.
3. Nonprofits run like a business and try to earn a profit, which does not support any single member; not-for-profits are considered “recreational organizations” that do not operate with the business goal of earning revenue.
4. Nonprofits may have employees who are paid, but their paychecks do not come through fundraising; not-for-profits are run by volunteers.

 

[SalahParking]

The means sph media business is nationalised and will be a government department.

Sph holdings, the listed entity is no more shackled by the special shareholdings structure. Where no 1 entity can own more than 5pct. So now SPH can be sold via buyout or a massive rights issue on the cards. Either way, shareholders are truely fucked.

 

[Leckmichamarsch]

They should go into prostitution.
Sumiko can be the trainer.

..........demonstratress in chief!!!

 

[Annunaki]

SPH to restructure media business into not-for-profit entity amid falling revenue

 

[millim6868]

If a company not for profit,then ppl working there shiuld not be paid high,

 

[Confuseous]

In summary, this new set-up is to use public funds for feeding the population with any intended
propaganda, using your own money to tell you what a great job they are doing.

 

[Scrooball (clone)]

‘Not for profit’ is such a misleading misnomer. Every organization should seek to profit so that it’s operations are sustainable.

 

[Scrooball (clone)]

Lol a bunch of hard truths from the comments section of this article

 

[laksaboy]

Ng Yat Chung for the next PM!

 

[batman1]

Ng Yat Chung is SPH 's trump card .

 

[Eisenhut]

Yeah yeah..last time also say HDB non profit and making loss but look at their prices

 

[Eisenhut]

If Ng Yat Chung become PAP, wp will sure win liao, jinx sial

 

[Confuseous]

He cannot speak well.
But try cover with words like "interject" and umbrage.
"We will continue to do the good job that we have done for so long".
LOL.

 

[Loofydralb]

Just rename SPH
Singapore Propaganda House.

 

[mojito]

SPH be cum Looong's mouthpiece like Stalin's NKVD.

 

[Kee Chew]

why cant he just say , "i take offence at what you just said ..." ???