Mediacorp has entered into an agreement with Singapore Press Holdings to buy its minority shareholdings in Mediacorp’s entertainment television and newspaper businesses. The purchase, valued at S$18 million, will involve Mediacorp buying SPH’s 20 per cent stake in Mediacorp TV Holdings Pte Ltd which owns Channels 5, 8 and U and Mediacorp Studios and 40 per cent stake in Mediacorp Press Pte Ltd, which operates the TODAY newspaper.   Completion of the deal, is subject to regulatory … [Read more...] about Mediacorp buys SPH’s minority shareholdings