SINGAPORE — SPH Media Trust (SMT), a non-for-profit firm that owns the Straits Times and Lianhe Zaobao, said it has tasked its audit and risk committee to investigate its inflated circulation issues 'more fully' and roping in legal advisors as well, with findings to be reported to the public trust's bo
SINGAPORE — SPH Media Trust , a non-for-profit firm that owns the Straits Times and Lianhe Zaobao, said it has tasked its audit and risk committee to investigate its inflated circulation issues"more fully" and roping in legal advisers as well, with findings to be reported to the public trust's board.
SMT said its audit and risk committee has been tasked to investigate these points and"consider what further steps, if any, need to be taken". The Government previously stated that SMT will receive public funding of up to S$180 million annually over five years and the company is required to provide half-yearly progress updates.
In the media industry, circulation figures are an important benchmark for setting the price of advertising.
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