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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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 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 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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