Newsonomics: Can Cross-Subsidy (and Nursing Homes) Help Revive the Singapore Press?

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Even virtual monopolies get the blues.

Singapore Press Holdings — publisher of its flagship Straits Times — is confronting the worldwide downturn in newspaper business fortunes.

The large daily (383,000 daily circulation, print and digital) and its well-regarded parent SPH saw some tough numbers last year: down 16.9 percent in ad revenue, 13 percent in overall revenue and five percent in circulation revenue for the fiscal year ending September 2017.

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