Staffs of local newspapers Utusan Malaysia and Kosmo! have reportedly might found a new place to work.
Word has it that Tan Sri Syed Mokhtar Al-Bukhary, owner of Aurora Mulia Sdn Bhd – one of Media Prima’s largest shareholders – is interested in owning the publishing company.
According to Berita Harian, Utusan Melayu will relinquish 70% of its stake in its subsidiary Dilof Sdn Bhd to Tan Sri Syed Mokhtar’s Aurora Mulia Sdn Bhd.
The move was made in order to keep track of both Utusan and Kosmo!’s continuation, after sudden reports of them ceasing their publications made several headlines recently. In this case, the investment is seen as one of Tan Sri Syed Mokhtar’s support to ensure the publication’s relevance.
As mentioned earlier, Aurora Mulia Sdn Bhd is one of mega media company Media Prima’s biggest stakeholders. Media Prima is home to big titles such as Harian Metro, Berita Harian and New Straits Time. In addition, the company also operates TV and radio stations like TV3, 8tv, ntv7, Hot fm and Fly fm.
UPDATE:
Sadly, we’ve just received the news that Utusan Melayu will cease operations for all their publications effective today (Wednesday 9th October).
According to a memorandum sent to all Utusan Melayu staffs, the decisions were made after failing to maintain a secure position since last year. In addition, FMT reported that the staffs were informed about the closure of the company on Tuesday (8th October) evening.
The memo further added that all of Utusan and Kosmo! workers should clear their desks and take all their personal belongings. They were also urged to return back company’s property including access cards and office keys by 1pm.
However, a special briefing will be held on 30th October (Wednesday) to give further updates on any enquiries as well as to discuss the company’s status and also its current position. Notification letters will be sent to all employees later today.
People might have to wait and see for the upcoming news soon.
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