The Ministry of Communications and Information (MCI) has not disbursed any of the $900 million in funding support it had committed to SPH Media Trust (SMT) over the next five years. MCI is also conducting its own review to see if the inconsistencies in circulation...
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.
In a statement on Friday, SPH Media, which has come under public criticism after announcing the discovery on Jan 9, said its Board’s Audit and Risk Committee will focus investigations on the preliminary findings that circulation figures had been overstated by up to 90,000 average daily copies in some months.
Several MPs have filed questions on the matter for Minister for Communications and Information Josephine Teo for the next Parliament sitting on Feb 6. Workers’ Party MP Dennis Tan has asked how the inconsistencies in circulation data will impact the Government’s commitment to fund SMT while fellow WP MP He Ting Ru asked whether individuals involved in initiating and perpetuating the inflated circulation figures in SMT have been referred to the police for further investigation. WP MP Gerald Giam has asked about the total number of copies that were printed, counted and destroyed and the environmental impact of these actions.
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MCI has not disbursed any funds to SPH Media to date: Ministry spokesmanMCI 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.
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SPH Media Trust roping in legal advisors to investigate inflated circulation issues 'more fully'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
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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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SPH Media tasks audit committee to look more fully into inflated circulation dataSPH Media’s Board has asked its audit and risk committee to further investigate overstated circulation numbers...
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SPH Media tasks audit committee to further investigate inflated circulation data, commission legal advisers'Of particular concern' was how 49,000 average daily copies were recorded as circulation numbers but not distributed, says SPH Media in a statement.
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SPH Media Trust roping in legal advisers to investigate inflated circulation numbers 'more fully'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
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