Reasons for funding SPH Media still valid; circulation issue will not affect decision or quantum: Josephine Teo
SINGAPORE – The recent discovery of overstated circulation data at SPH Media Trust will not affect the Government’s decision to fund the media company, as the reasons to help develop local newsrooms remain valid, said Minister for Communications and Information Josephine Teo.over five years.
Her remarks in Parliament on Monday came in response to 26 questions filed by MPs. SMT is facing public criticism after it emerged thatby about 85,000 to 95,000 daily average copies between September 2020 and March 2022. Local news outlets give voice to the Singapore identity and Singaporean perspectives, and also provide information people can trust to be accurate and objective, she said.
Mrs Teo noted that readership and reach are measured through surveys done by third parties, such as research agencies like GfK, external sources such as the Reuters Institute for the Study of Journalism at Oxford University, and the Government’s own surveys. These indicators and the company’s financial statements must be audited by independent external auditors before they are submitted to the Government, which can also conduct its own audits, she added.
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