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SPH Annual Report 2010

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SPH Annual Report 2010 SINGAPORE PRESS HOLDINGS GROWINGSINGAPORE PRESS HOLDINGS ANNUAL REPORT 2010 WITH THEANNUAL REPORT 2010 TIMES Singapore Press Holdings Limited 1000 Toa Payoh North News Centre Singapore 318994 www.sph.com.sg Co. Reg. No. 198402868E OUR MISSION SPH BRAND STATEMENT To Inform, Educate & Entertain To be Southeast Asia’s Leading Media Organisation, Engaging Minds SPH BRAND ESSENCE and Enriching Lives Across Multiple Engaging Minds, Enriching Lives Languages and Platforms CONTENTS 1 Corporate Profile 43 Environmental Sustainability 12 Group at a Glance 44 Employee Commentary 14 Organisation Structure 45 Awards & Accolades 15 Businesses and Products Under the 48 Corporate Governance SPH Group 58 Risk Management 16 Corporate Information 59 SPH Newspapers Readership Trends 17 Group Financial Highlights 60 Daily Average Newspapers Circulation 18 Chairman’s Statement 61 Financial Review 22 Board of Directors 64 Value Added Statement 26 Senior Management 65 Investor Relations 30 CEO’s Overview of Group Operations 66 Investor Reference 36 Significant Events 68 Full Financial Report A Design 40 Corporate Social Responsibility CORPORATE PROFILE Singapore Press Holdings (SPH) SPH has a 20 per cent stake in MediaCorp TV is Southeast Asia’s leading media organisation, Holdings Pte Ltd, which operates free-to-air engaging minds and enriching lives across channels 5, 8, and Channel U, and a 40 per cent multiple languages and platforms. stake in MediaCorp Press Ltd, which publishes the free newspaper, Today. We publish 17 newspaper titles in four languages and more than 100 periodicals. Every day, SPH’s events subsidiary Sphere Exhibits 3 million individuals, or 77 per cent of people organises innovative consumer and trade events above 15 years old, read one of our publications. and exhibitions. SPH MediaBoxOffice Pte Ltd The online editions of our main newspapers (SPHMBO) is the leading Digital Out-of-Home enjoy over 225 million page views with 15 million advertising company in Singapore. Its digital unique visitors every month. network comprises 8 large LED screens at strategic locations (e.g. Orchard Road, Raffles Our success is built on the long history and Place, etc.) and more than 500 plasma and rich heritage of our two flagship newspapers – LCD screens in shopping centres, banks, and The Straits Times, the English-language daily petrol stations. It also operates large-format and Lianhe Zaobao, the Chinese-language billboards, banners and other static media daily. The other two dailies, Berita Harian and platforms. SPHMBO also has a dedicated team Tamil Murasu, remain the staple for the Malay- of professionals that offers customised event speaking and Tamil-speaking communities management services to clients. respectively. These four major newspapers, together with The New Paper and The Business On the property front, SPH owns and manages Times, also provide online news to SPH’s Paragon, the prime retail and office complex in Internet portal, AsiaOne. the heart of Orchard Road, Singapore’s main shopping belt. SPH’s wholly-owned subsidiary, Apart from SPH’s AsiaOne portal, SPH’s Times Development Pte Ltd, has also developed online and new media initiatives include an a 43-storey upmarket residential condominium, online marketplace for products, services and Sky@eleven, at Thomson Road. The Clementi employment, ST701; Stomp (Straits Times Mall, SPH’s latest retail mall, will be operational Online Mobile Print), a portal that connects, in 2011. engages and interacts with readers on the Web and via mobile phone messaging; omy.sg, a As an industry leader, SPH is an active corporate bilingual news and interactive portal and citizen and supports various community and The Straits Times RazorTV, a free access charity causes, ranging from education, arts and interactive webcast service offering live chat culture, wildlife conservation and sports. shows and video-on-demand clips. More information can be found on We also operate two popular radio channels, www.sph.com.sg 91.3FM in English and Radio 100.3 in Mandarin, under an 80 per cent-owned joint venture company, SPH UnionWorks, with NTUC Media. Both channels leverage on the brand name and resources of our print newsrooms, giving them that unique edge. KEEPING IN TIME Connecting Generations 17 Newspaper Titles 4 Languages EMERGING WITH THE TIMES Growing In Numbers Over 100 Magazine Titles 5 Million Copies Sold in Singapore Yearly AHEAD OF THE TIMES Shaping The Future 15 Million Unique Visitors 225 Million Page Views Per Month IN PERFECT TIMING Staying Connected One Mobile Device Unlimited Access On The Go ENGAGING MINDS, ENRICHING LIVES Extending our Reach SPH touches the heart of every individual in big and small ways. Be it the local daily read across generations to the use of new media platforms that inform and educate, SPH will always play a part in the growth of our community, evolving and growing together with each passing day. As our brand audiences continue to grow, so will we. Seizing new opportunities and undertaking new challenges will allow us to broaden our horizons and forge greater success. We seek to build a brand recognised for quality and excellence, and in doing so, aspire to create one that will continue to inspire and delight generations to come. GROUP AT A GLANCE Newspapers Magazines Internet and New Media With print as its core business, SPH Magazines publishes over SPH’s online editions of its key SPH publishes 17 newspaper titles 100 magazine titles in Singapore and newspapers enjoy over 225 million in four languages. Every day, the region, covering a broad range pageviews with 15 million unique 3 million individuals or 77 per cent of interests from fashion, bridal, visitors every month. SPH has also of people above 15 years old, read society, automobiles, parenting, expanded into other new media one of SPH’s news publications. décor and information technology. initiatives such as leading online With more than 1,000 journalists, It also provides custom publishing marketplace, ST701; Stomp (Straits including correspondents operating services covering lifestyle magazines Times Online Mobile Print), a portal in 20 cities around the world, SPH and newsletters. It strives to bring its that connects, engages and interacts is well-equipped with the talent and titles to regional markets and affirm its with readers on the Web and via network to deliver quality news and position as the publisher of choice in mobile phone messaging; omy.sg, information that covers both domestic the region. It also owns the popular IT a bilingual news and interactive portal and international markets. portal, www.HardwareZone.com®. and The Straits Times RazorTV, a free access interactive webcast service offering live chat shows and video-on- demand clips. 12 Singapore Press Holdings GROWING WITH THE TIMES •••• Broadcasting Events and Outdoor Media Other Businesses SPH has a 20 per cent stake in SPH’s events subsidiary Sphere SPH owns and manages Paragon, MediaCorp TV Holdings Pte Ltd, Exhibits organises innovative the prime retail and office complex which operates free-to-air channels consumer and trade events and in the heart of Orchard Road, 5, 8, and Channel U, and a 40 per exhibitions. SPH MediaBoxOffice Pte Singapore’s main shopping belt. cent stake in MediaCorp Press Ltd, Ltd is the leading Digital Out-of-Home It houses some of the world’s leading which publishes the free newspaper, advertising company in Singapore. luxury brands. SPH’s wholly-owned Today. It also operates two popular Its digital network comprises 8 large subsidiary, Times Development Pte radio channels, 91.3FM in English LED screens at strategic locations Ltd, has also developed a 43-storey and Radio 100.3 in Mandarin, under (e.g. Orchard Road, Raffles Place, upmarket residential condominium, an 80 per cent-owned joint venture etc.) and more than 500 plasma and Sky@eleven, at Thomson Road. company, SPH UnionWorks, with LCD screens in shopping centres, The Clementi Mall, SPH’s latest retail NTUC Media. banks and petrol stations. It also mall, will be operational in 2011. operates large-format billboards, banners and other static media platforms. SPHMBO also has a dedicated team of professionals that offers customised event management services to advertisers. Singapore Press Holdings 13 ANNUAL REPORT 2010 •••• ORGANISATION STRUCTURE BOARD OF DIRECTORS AUDIT COMMITTEE CHIEF EXECUTIVE OFFICER INTERNAL AUDIT ENGLISH CHINESE NEWSPAPER SUPPORT & MALAY MARKETING SUBSIDIARIES NEWSPAPERS SERVICES SERVICES NEWSPAPERS Administration Production Circulation Corporate Communications Corporate Development Finance Human Resources Information Technology Secretariat/Legal 14 Singapore Press Holdings GROWING WITH THE TIMES •••• BUSINESSES AND PRODUCTS UNDER THE SPH GROUP NEWSPAPERS English Chinese Malay Tamil The Straits Times Lianhe Zaobao Berita Harian Tamil Murasu The Sunday Times Zaobao Sunday Berita Minggu The Business Times Lianhe Wanbao The Business Times Shin Min Daily News Weekend My Paper (bilingual) The New Paper zbCOMMA The New Paper on Thumbs Up Sunday tabla! MAGAZINES* Her World Home & Décor LP Luxury Properties Home Team NS Female HardwareMAG SilverKris Health No. 1 Nuyou 24:7 Sutra *SPH has more than 100 Simply Her Action Asia UW magazine titles including Young Parents AsiaSpa ZbBz contract and licensed titles. The Peak Asia-Pacific Boating WB Health Guide ICON China Boating Winning Post Torque JET Asia-Pacific NSMan BOOK PUBLISHING / CONTRACT PUBLISHING Straits Times Press Focus Publishing ONLINE Online Portals omy.sg Femalemag.com.sg
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