Singapore Press Holdings sees further advertising and circulation decline

Singapore Press Holdings has suffered a 2.9 per cent fall in operating revenue from its newspaper and magazine assets for the first quarter of the financial year.

The publisher of the Straits Times, Business Times and The New Paper saw advertising revenue fall by S$5.8m (US$4.6m) and circulation revenue slide by S$2.3m (US$1.8m) as staff costs rose by 2.5 per cent.

Revenue figures SPH

Source: the company

However, because of increased rental revenue from the group’s property assets, the company’s operating revenue grew by two per cent overall.

Advertising revenue fell by 2.9 per cent, with classified ad revenue falling faster than display.

SPH's first quarter circulation numbers

The company pointed at a brighter future for newspaper circulation through new media channels, with the Straits Times’ digital edition lifting overall circulation above the figure for the previous year.

SPH newspaper circulation


SPH also said that it was seeing “strong growth” in traffic from online classified businesses, such as in Malaysia, in Vietnam and in Indonesia.

The news comes after a series of embarrassing moments for SPH’s flagship title, the Straits Times, which reported as fact a post believed to be satire about the killing of the uncle North Korean leader Kim Jong Un by a pack of hungry dogs.

For SPH’s full financial report, click here.


Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella Asia newsletter now.



Sign up to our free daily update to get the latest in media and marketing