The New Paper axes Saturday edition 18 months after My Paper merger

Singapore Press Holdings is to scale back its print run of The New Paper by axing the free daily’s Saturday edition.

TNP will cease publishing at the weekend and become a weekday-only title from January 1, 2018 as the decline of print advertising continues to hit SPH’s revenue.

Eugene Wee, editor of TNP, said:”A large percentage of our readers are PMETs who work five-day work weeks. Furthermore, Saturday travel patterns of readers are getting more varied as people go about their weekend activities.

“Hence, we have decided to focus our resources on weekdays to give our readers the best of news and lifestyle stories.”

The move comes 18 months after former free title My Paper was folded into The New Paper, leaving SPH with one free daily to compete with Mediacorp’s Today for the eyeballs of “business-savvy readers”.

However, following another difficult year for the print industry, whereby more advertising spend migrated to the digital duopoly of Facebook and Google, Mediacorp decided to axe Today altogether in September. 

Meanwhile, things were equally troubled at SPH as this year saw 230 people let go from the business.

At the company’s AGM this month, the recently-instated chief executive officer, Ng Yat Chung, said the company needed to take a “hard-nosed” view of the media business after its profit fell by 42 per cent. 

SPH, which is largely propped up on a revenue front by its investments in shopping malls and an elderly care home, recently merged its editorial teams at The Straits Times and The Business Times.

The company is also merging teams from its Chinese Media Group (CMG), which consists of Lianhe ZaobaoLianhe Wanbao and CMG Digital to form a new newsroom called NewsHub.


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