NSTP + Utusan = ?

Quoted from The Eedge Daily: "The New Straits Times Press (Malaysia) Bhd (NSTP) and Utusan Melayu (Malaysia) Bhd may be on the verge of a merger to create the country’s largest media group. "

Am I reading this right? First, the aquasition of all free TV under Media Prima, then the merger of Sime Darby, Golden Hope. Is we going backward? I was just reading about a Sarawak tycoon plans to buy stakes in Nanyang Press Holdings Bhd and distribute it to the Chinese community. That's good. Then this. (update 2/12/06)

Mergers is not an alien practice in business. It does have it benefits. But newspapers? Do people want to read a monotonous and one sided reports? Oh, this must be the end of Malaysia journalism. I mean quality journalism.

1 comment:

Mat Merah said...

Funny that there should be a flap over such a merger for I recall a time when both groups were boycotted with the hope both would go bust.

That has dragged down the bottomline and makes such a merger a tantalising prospect of a life line for both.