MCI is conducting its own review to see if the inconsistencies in circulation data would have affected the decision to fund SMT. Read more at straitstimes.com.
which SPH Media first announced on Jan 9 and gave further details of on Friday, would have affected the decision to fund SMT and the amount the Government committed to fund, a ministry spokesman said.that the company’s board had tasked its audit committee to look more fully into overstated circulation data.
“MCI has requested for SPH Media Holdings Board to share these findings when ready and expects full cooperation on this,” the spokesman said. The overstated circulation numbers were discovered in an internal review covering the period between September 2020 and March 2022, to assess data that SPH Media had taken over from its predecessor Singapore Press Holdings Limited.
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SPH Media tasks audit committee to look more fully into overstated circulation dataThe company said that of particular concern was an overstatement of 49,000 average daily copies of news titles. Read more at straitstimes.com.
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