SPH Chief Editor, Patrick Daniel's insensitive remarks alluding to the Little India riots, saying that it is "UNFORTUNATE" for SPH's business that the riots "came to an end".
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“My CEO was telling me back in 2006 that the newspaper business is a sunset industry. I said what rubbish,” he said. ”Print is not going to go away.”
“The bottom line is, we believe in defending and expanding our core print and digital business. SPH has invested US$165m in digital since 2005,” he said.
“News and journalism is not a dying business. Demand for news is still high. It’s not as if we’re making pizzas and people suddenly stop eating pizzas. The product we produce – news – is still in great demand.”
The impact of the Little India riots and MH370 saga on SPH's audience
The impact of the Little India riots and MH370 saga
Daniel pointed to the Little India riots and the missing Malaysia Airlines jet as news events that had found big audiences for SPH off- and online in recent weeks.
“Whenever something big happens, papers fly off the shelves and digital goes through the roof. The demand is there. It’s unfortunate for us that the riots came to an end,”...
“The Straits Times is such a powerful revenue generator. We’ve got to keep and protect that product,” he added, pointing out that the ST is an “efficient” media buy, because there are few other options in Singapore.
(Excerpts from: http://mumbrella.asia/2014/04/singapore-press-holdings-cross-tipping-point/#more-22458 )
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