SPH’s newspaper print ad revenue continues to decline, falling 17.6% y-o-y for 9MFY2021, as the restructuring of its media assets is set to be discussed at an EGM in August or September 2021. SPH reports its financial year ending August 31.
SPH’s media segment saw total circulation copies remain flat y-o-y, while digital circulation grew 17.8% y-o-y for 9MFY2021, says SPH in its 3QFY2021 corporate presentation. Its "news tablets" subscriptions, which bundles a tablet computer with digital versions of the newspapers, however, increased 70.1% y-o-y, albeit from a low base.
