SPH unit forms book publishing business - Sep 18, 2008 (BT)

BackSep 18, 2008

The Straits Times / The Business Times News On SPH

SPH unit forms book publishing business

Straits Times Press has taken over the current contracts of SNP International Publishing.

Sep 18, 2008
The Business Times

By Nisha Ramchandani

SINGAPORE Press Holdings (SPH) has formed a new book publishing business under its subsidiary Straits Times Press Pte Ltd.

To jump-start its book publishing operations, Straits Times Press has taken over the current contracts of SNP International Publishing - the book publishing arm of SNP Corporation - and its intellectual property rights, as well as its six-person team headed by publishing veteran Shirley Hew.

Patrick Daniel, editor- in-chief of SPH's English and Malay newspapers division (EMND) and who will chair the Straits Times Press board, said: 'We're delighted to get back into book publishing. It is a natural extension of our newspaper business. We have many excellent writers, photographers and artists, and a wealth of content waiting to be tapped. We're confident of the business potential in this sector.'

In 1989, SPH hived off its book subsidiary, Times Publishing, as a separate listed company to focus on newspaper publishing.

Mr Daniel said that the subsidiary will work closely with the more than 700 staff of EMND, in particular The Straits Times.

Ms Hew, who will be executive director of Straits Times Press, said: 'As a wholly owned subsidiary of SPH, we will be able to realise and unlock value across the board in breadth and depth. We will offer SPH yet another channel in the world of multi-platform publishing.'

Ms Hew and her team have an established track record of conceptualising, producing and delivering quality publications in different fields. Some notable publications include the recently released book commemorating the official opening of Changi Airport's Terminal 3 and the 100th Anniversary books for Great Eastern Life and the Singapore Chinese Chamber of Commerce and Industry.

SPH CEO Alan Chan said: 'Straits Times Press is the group's latest initiative to achieve growth by expanding into adjacent businesses, and tapping on the group's extensive resources and strengths.'