Government has the right to terminate funding for SPH Media if wrongdoings are found: Josephine Teo
SINGAPORE - The Government will step in and has the right to terminate funding for SPH Media Trust if misconduct or mismanagement of public funding and serious wrongdoings are found in the future.
Mrs Teo said that the Government will intervene if there is misconduct or mismanagement of public funding. “In this regard, we have built in safeguards that allow the Government to conduct our own ad-hoc audits. If serious wrongdoings are found, we have the right to terminate funding.” Mrs Teo said on Thursday that MCI is committed to working with SMT to overcome the challenges of disruption caused by readership moving online, and succeed in its transformation plans.In February 2022, Mrs Teo told Parliament that SMT will get government funding of up to $180 million annually over the next five years.
“Trusted news media made possible by quality journalism is a public good we cannot compromise on. It is more important than ever when the environment is full of disinformation and sensationalised news,” said Mrs Teo.On the circulation report, she said the Government acknowledges SMT’s seriousness in investigating the concerns and making the findings public.
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