SPH's newspaper, magazine ad revenue dropped 4.3% to $198m

Even circulation revenue dipped.

According to OSK DMG, print business continues downhill trend.

SPH’s newspaper and magazine ad revenue decreased by 4.3% y-o-y to SGD198m due to weakness in the property and transport segments while circulation revenue fell 2.3% to SGD50.7m.

Here's more from OSK DMG:

We think the outlook for print remains muted with the Government’s moderate GDP growth expectations of 1%-3% for 2013.

Property segment remains the bright spot. Property rental revenue grew 3% y-o-y to SGD50.2m on higher rates from Paragon, while income growth from Clementi Mall was stable.

The injection of Clementi Mall and Paragon into the soon-to-be listed SPH REIT has its perks, such as cash inflows as well as a special dividend of 18 cents which will boost the Group’s FY13 yields to 9.7%. However, we remain concerned over a potential earnings dilution.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia