(30-09-2013, 07:09 PM)lonewolf Wrote: [ -> ]SALE OF STAKE IN 701SEARCH PTE. LTD.
Very interesting. Considering that SPH has been trying hard and buying a lot of websites, why would it sell part of this one away?
It's stated in the announcement,
By including the Purchaser as a joint venture partner, 701Search will be able to reap potential synergies by leveraging on Telenor’s established Asian telecommunications network, mobile internet capabilities and subscriber base. Telenor's expertise in mobile is also useful as 701Search brings online classifieds into the mobile sphere. Together with Schibsted, which brings extensive knowledge and experience from the online classifieds business as well as SPH, a leading media company in Singapore with expertise in print and online advertising, 701Search will greatly benefit from the contributions of all three shareholders when the transactions are completed.
As expected, no surprise...
SPH, Yahoo settle copyright infringement suit
SINGAPORE — Singapore Press Holdings (SPH) and Yahoo Asia have reached an amicable settlement of the copyright infringement suit started by SPH in 2011.
In a joint statement by both companies issued today (Sept 30), Yahoo said it had paid unspecified damages and costs to SPH. It also acknowledged that its Yahoo Singapore News site had reproduced content from SPH newspapers without approval.
Yahoo said it has undertaken not to knowingly or intentionally infringe SPH copyrights.
...
http://www.todayonline.com/singapore/sph...ement-suit
(30-09-2013, 08:25 PM)CityFarmer Wrote: [ -> ]As expected, no surprise...
SPH, Yahoo settle copyright infringement suit
SINGAPORE — Singapore Press Holdings (SPH) and Yahoo Asia have reached an amicable settlement of the copyright infringement suit started by SPH in 2011.
In a joint statement by both companies issued today (Sept 30), Yahoo said it had paid unspecified damages and costs to SPH. It also acknowledged that its Yahoo Singapore News site had reproduced content from SPH newspapers without approval.
Yahoo said it has undertaken not to knowingly or intentionally infringe SPH copyrights.
...
http://www.todayonline.com/singapore/sph...ement-suit
The lawyers on both sides are big winners.
(30-09-2013, 08:59 PM)Dividend Warrior Wrote: [ -> ]The lawyers on both sides are big winners.
Nay. SPH is the big winner here - not in monetary term but in term of turf protection which is huge.
Think about it. SPH was charging for online content. Yahoo is giving free news online. If you are in the business of providing news for a fee (like SPH), you will fight tooth and nail to protect your turf.
And considering that this is the first traditional print (SPH) vs online media company (yahoo) lawsuit in Spore, its implications will be felt henceforth. No other online media companies operating out of Spore can do the same and hope to get away with it.
So in the end, its not about the monetary compensation but turf protection which is ultimately more important.
(01-10-2013, 10:35 AM)lonewolf Wrote: [ -> ] (30-09-2013, 08:59 PM)Dividend Warrior Wrote: [ -> ]The lawyers on both sides are big winners.
Nay. SPH is the big winner here - not in monetary term but in term of turf protection which is huge.
Think about it. SPH was charging for online content. Yahoo is giving free news online. If you are in the business of providing news for a fee (like SPH), you will fight tooth and nail to protect your turf.
And considering that this is the first traditional print (SPH) vs online media company (yahoo) lawsuit in Spore, its implications will be felt henceforth. No other online media companies operating out of Spore can do the same and hope to get away with it.
So in the end, its not about the monetary compensation but turf protection which is ultimately more important.
Yes, fully agree. It is even more critical, during the transitional period from paper to digital now. It shows that SPH has way, and is serious to protect the right.
THE Seletar Mall has confirmed three anchor tenants that will offer its patrons a variety entertainment, dining and shopping options.
The mall located along Sengkang West will house cinema operator Shaw Theatres, a NTUC Foodfare food court and NTUC FairPrice's upscale supermarket FairPrice Finest, said Singapore Press Holdings (SPH) on Monday.
Occupying 17,000 sq ft of space, an eight-screen multiplex cinema with 800 seats will be located on the fourth floor of the shopping mall.
Shoppers can also look forward to a 12,000 sq ft NTUC Foodfare food court on the third level, which can seat 450
Source:
http://www.straitstimes.com/breaking-new...s-20131007
http://www.straitstimes.com/sites/strait...l0710e.jpg