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Mediacorp to cut 40 jobs after ending print edition of Today and will buy back SPH-owned shares

on Aug 25, 2017 | 0 comments

By Shawn Lim

Mediacorp announced today that it will end the print edition of its free newspaper Today from the end of September and will retrench 40 staff from the paper because of the move.

The state-owned broadcaster explained that it will continue restructuring the Today business to better face the new digital-first media landscape, having ended the paper’s weekend print circulation in April. The paper will now go fully digital.

In the same announcement, Mediacorp also said it had entered into an agreement with rival Singapore Press Holdings to buy back its minority shareholdings in Mediacorp’s entertainment television and newspaper entities.

The S$18m Read full story ›

Source: The Drum