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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Press Holdings Limited    SPRM   SG1P66918738

SINGAPORE PRESS HOLDINGS LIMITED

(SPRM)
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Singapore Press : SPH partners with Business Insider in Singapore and Malaysia

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07/16/2017 | 09:50pm EST

SINGAPORE, 17 July 2017 - Singapore Press Holdings (SPH) and Business Insider (BI), the US-based global business news source, have entered into a licensing partnership to operate Singapore (www.businessinsider.sg) and Malaysia (www.businessinsider.my) editions of BI. The recently launched sites complement SPH's stable of digital publications with a millennial-focused product for young working professionals.

Mr Warren Fernandez, Editor-in-Chief of SPH's English, Malay and Tamil Media group and Editor of The Straits Times, said: 'We're always looking for new ways to grow our readership and serve new groups of readers. Business Insider has a strong following among a young and mobile readership with an interest in business and lifestyle stories delivered in its unique way. By combining this with our deep local knowledge we have in our newsrooms, we believe we will have something special to offer that readers will enjoy.'

Business Insider pioneered a new type of business news tailored to how young professionals and entrepreneurs today consume content, as well as the topics of most interest to them, including finance, technology, innovation, and trends.

BI Singapore and Malaysia will offer local news, business, and lifestyle coverage, in addition to content from BI's newsrooms around the globe, including Australia, Germany, UK, and its New York headquarters.

Mr Roddy Salazar, VP International, Business Insider, said: 'We're thrilled to partner with SPH on Singapore and Malaysia editions of Business Insider. SPH has a deep understanding of business media and the digital space, so it's the ideal partner to serve local readers with BI's unique style of business news: social and mobile at its core and laser-focused on the news that emerging business leaders want and need to know.'

BI in Singapore and Malaysia was previously operated by Rev Asia Berhad. Existing advertisers should contact SPH sales:

Telephone: (65) 6319 8611

Email: mkgsales@sph.com.sg

For overseas enquiries or any other advertorial related enquiries please refer to http://www.sph.com.sg/contact-us/marketing/

For all editorial matters, contact the Business Insider Singapore and Malaysia team at businessinsider@sph.com.sg

Issued by Singapore Press Holdings Ltd
Co. Registration. No. 198402868E
For more information, please contact:

Mario Ruiz (Mr)
Senior Vice President, Communications
Business Insider
DID: (646) 768 1667
Email:
mruiz@businessinsider.com


Deror Wong (Mr)
Assistant Manager
Corporate Communications & CSR
Singapore Press Holdings Limited
DID: 6319 1226
Email:
derorw@sph.com.sg

ABOUT SINGAPORE PRESS HOLDINGS LIMITED

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms.

Media
The English/Malay/Tamil Media group comprises the print and digital operations of The Straits Times, The Business Times, The New Paper, Berita Harian and their respective student publications. It also includes subsidiaries Tamil Murasu Ltd, which publishes Tamil Murasu and tabla!; book publishing arm Straits Times Press; SPH Data Services, which licenses the use of the Straits Times Index in partnership with the Singapore Exchange and FTSE-Russell Ltd; financial data company ShareInvestor; the two English stations of SPH Radio - Kiss92 and ONE FM 91.3 and SPH Golf (including SPH Pacom Ltd).

The Chinese Media group publishes three Chinese newspapers in print and digital format - Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News; four student weeklies - zbCOMMA, Thumbs Up, Thumbs Up Junior and Thumbs Up Little Junior, and ZBBZ Newsgazine. It also operates SPH Radio's Chinese radio station, UFM100.3, and Focus Publishing, which produces a range of books and magazines including U-Weekly.

SPH's other digital media initiatives include AsiaOne, Stomp, zaobao.sg and zaobao.com.

On an average day, 2.5 million* individuals or 59 per cent of people above 15 years old, read one of SPH's news publications in print copies or one of our digital platforms.
(* Nielsen Media Index 2016, Monday-Sunday, read any SPH newspapers in print or digital format)

SPH Magazines, SPH's wholly-owned subsidiary, publishes and produces more than 100 magazine titles and has various online sites, like hardwarezone.com,herworldplus.com and luxuryinsider.com in Singapore and the region, covering a broad range of interests from lifestyle to information technology. It has also invested in digital newsstand Magzter.

SPH also provides out-of-home (OOH) advertising options where it manages large format digital screens and static billboards at key locations in the Central Business District, Orchard Road, City Fringe as well as major heartland hubs.

SPH Buzz is a modern retail convenience chain with a network of stores around the island.

SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

Properties
SPH REIT is a Singapore-based REIT established to invest in a portfolio of income-producing real estate primarily for retail purposes. SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall in the centre of Clementi town.

The Seletar Mall, located in Sengkang, is SPH's latest retail development. This property is a potential asset to be injected into SPH REIT. SPH's wholly-owned subsidiary, Times Development Pte Ltd, also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.

Other Businesses

Online Classifieds
SPH's online classifieds include the leading online marketplace for jobs (STJobs, FastJobs), property (STProperty), cars (STCars) and general classifieds (STClassifieds,Trezo), sgCarMart and StreetSine.

SPH's regional joint venture online classifieds business has a number of leading online classifieds sites in the region.

Events and Exhibitions
Sphere Exhibits, Sphere Conferences, Exhibits Inc and Bizlink Exhibition Services organise innovative consumer and trade events and exhibitions as well as large scale conferences in Singapore and the region.

Healthcare
SPH owns Orange Valley which operates nursing homes.

Education
SPH has a 22 per cent stake in preschool and enrichment provider MindChamps.

For more information, please visit www.sph.com.sg

ABOUT BUSINESS INSIDER

Business Insider Inc. is publisher of Business Insider US, INSIDER, and 15 international editions of Business Insider. The company is part of the Axel Springer family. Launched in 2007, Business Insider is the largest business news site in the US and one of the fastest-growing news brands in the world. The Business Insider network of sites reaches more than 300 million unique monthly visitors across all platforms and has more than 3 billion video views each month. The company pioneered a native-digital approach to business news that is social and mobile at its core, and which is aimed at the next generation of business leaders. INSIDER, a lifestyle brand, launched in 2015 and has become one of the largest publishers of video on social platforms such as Facebook. The company also offers a subscription research service, Business Insider Intelligence (BII) that provides in-depth insight, data and analysis of digital topics, including mobile, social, Internet of Things and Fintech. The company each year hosts one of the industry's most influential technology conferences, IGNITION. Business Insider Inc. is a subsidiary of Axel Springer SE.

SPH - Singapore Press Holdings Ltd. published this content on 17 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 July 2017 01:50:12 UTC.

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EBIT 2020 225 M
Net income 2020 157 M
Debt 2020 1 530 M
Yield 2020 5,50%
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P/E ratio 2021 19,9x
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