Company Overview and News

Don’t bar parties from owning media companies

2018-10-09 theedgemarkets
KUALA LUMPUR: Political parties should not be prevented from owning media companies and should be free to compete for readers, said The Edge Communications Sdn Bhd publisher and group chief executive officer Ho Kay Tat.
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Don’t bar political parties from owning media: Publisher

2018-10-08 theedgemarkets
KUALA LUMPUR (Oct 8): Political parties should not be prevented from owning media companies and should be free to compete for readers, says The Edge Communications Sdn Bhd publisher and group chief executive officer Ho Kay Tat.
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Cover Story: Hazy prospects for media companies

2018-10-04 theedgemarkets
ALTHOUGH Star Media Group Bhd is currently not in its best financial state, the fact that it is still turning a profit sets it a cut above other struggling Bursa Malaysia-listed media companies. Many print-based media firms, not only those in Malaysia, are trying hard to stay afloat.
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In a New Malaysia, a veteran newsman returns to head Media Prima’s news operations

2018-10-02 malaymail
KUALA LUMPUR, Oct 2 — The return of veteran newsman Mustapha Kamil Mohd Janor to New Straits Times is the latest “comeback” in a year celebrating comebacks.
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Media Prima: Mustapha Kamil appointed as executive director

2018-10-02 theedgemarkets
KUALA LUMPUR (Oct 2): Media Prima Bhd announced today Mustapha Kamil Mohd Janor's appointment as executive director, news and editorial, and he will be responsible for the overall operations of the group's news and editorial functions.
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Independent journalism seen to benefit media firms in long term

2018-10-01 theedgemarkets
Media sector Maintain neutral: The Malaysian Insight on Sept 6 reported, citing sources, that Prime Minister Tun Dr Mahathir Mohamad was mulling a ruling to cap political parties’ ownership of mainstream media companies at 10%.
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Improving national fund manager’s future

THERE is great interest in how Tan Sri Zeti Akhtar Aziz will perform as the chairman of Permodalan Nasional Bhd (PNB). Any doubts from the public engagement perspective, however, were soon cast aside as the ease and confidence of her message was second nature for a person once named the world’s best central banker.
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Better q-o-q, weaker y-o-y results expected for Astro 2Q

2018-09-26 theedgemarkets
Astro Malaysia Holdings Bhd (Sept 25, RM1.66) Maintain hold with an unchanged target price (TP) of RM2.02: Astro Malaysia Holdings Bhd’s second quarter of financial year ended July 31, 2018 (2QFY19) results are scheduled to be announced today and we expect it to be a stronger quarter-on-quarter (q-o-q) and weaker year-on-year (y-o-y) to match our core net profit expectations of around RM190 million to RM200 million.
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Media Prima partners Ziff Davis to offer new Mashable site in Malaysia

2018-09-25 theedgemarkets
KUALA LUMPUR (Sept 25): Media Prima Bhd's wholly-owned subsidiary Rev Asia Holdings Sdn Bhd has entered into an agreement with US-based digital media company Ziff Davis LLC to operate Mashable Southeast Asia ( for audiences across Indonesia, Malaysia, the Philippines and Singapore.
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Rising jet fuel price woes

IT’S certainly a big deal for Malaysia Airlines Bhd (MAS) to report higher losses of RM812mil for its financial year 2017. This compares with the RM439mil loss recorded in 2016 and the whopping RM1.13bil loss in 2015.
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Will curbs on politicians owning media target proxies too? Journalists’ group asks

2018-09-11 malaymail
PETALING JAYA, Sept 11 — Press groups have raised various concerns about the government’s proposal to cap share ownership in media organisations by political parties.
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Umno’s media assets dilemma

Troubled industry: Utusan Melayu, which publishes the Utusan Malaysia newspaper, is facing the possibility of being de-listed, while Media Prima has begun selling its prized assets.
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PNB arrangement seen unlocking Media Prima’s property value

2018-09-04 theedgemarkets
Media Prima Bhd (Sept 3, 45 sen) Maintain neutral with a higher target price of 49 sen: Media Prima Bhd’s second quarter of the financial year ended June 30, 2018 (2QFY18) revenue grew 4.1% year-on-year (y-o-y), mainly driven by higher digital advertising and home shopping revenue. The group reduced its reliance on traditional businesses from 88% in the first half of FY17 (1HFY17) to 77% in 1HFY18.
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Media Prima rises after reporting 2Q, 1H profit

2018-09-03 theedgemarkets
KUALA LUMPUR (Sept 3): Media Prima Bhd shares rose as much as five sen or 12% to 46 sen so far today after the group said on Thursday it posted a net profit of RM31.95 million in the second quarter ended June 30, 2018 (2QFY18) from a net loss of RM132.91 million a year earlier.
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