{"id":36161,"date":"2013-01-21T03:18:09","date_gmt":"2013-01-20T19:18:09","guid":{"rendered":"https:\/\/dapmalaysia.org\/en\/?p=36161"},"modified":"2022-08-31T14:04:35","modified_gmt":"2022-08-31T06:04:35","slug":"is-malaysian-media-being-monopolised-by-cronies","status":"publish","type":"post","link":"https:\/\/dapmalaysia.org\/en\/is-malaysian-media-being-monopolised-by-cronies\/","title":{"rendered":"Is Malaysian media being monopolised by cronies?"},"content":{"rendered":"<p><a href=\"http:\/\/dapmalaysia.org\/en\/wordpress\/wp-content\/uploads\/2013\/01\/monopolised.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft  wp-image-3548\" src=\"http:\/\/dapmalaysia.org\/en\/wordpress\/wp-content\/uploads\/2013\/01\/monopolised.jpg\" alt=\"\" width=\"1489\" height=\"1892\" \/><\/a><\/p>\n<p><strong>Media Prima<\/strong><br \/>\nDatuk Mohd Ibrahim Mohd Nor\u2019s flagship vehicle Gabungan Kesturi Sdn Bhd and the Employees Provident Fund (EPF) are the largest shareholders.<\/p>\n<p><strong>Media Chinese International<\/strong><br \/>\nTimber and media mogul Tan Sri Tiong Hiew King helms the group. His personal net worth is estimated at US$1.5 billion and he is ranked by Forbes as the ninth richest man in Malaysia in 2012. Tiong was a former senator for BN coalition partner SUPP.<\/p>\n<p><strong>The Star Publications<\/strong><br \/>\nIn 2010, MCA acquired a 42.4% stake in the group (worth) RM1.28 billion from its investment arm Huaren Holdings.<\/p>\n<p><strong>KTS Group<\/strong><br \/>\nThe company with extensive ties to SUPP in Sarawak has been a big player for the past half century in timber, oil palm, prawn farming, food manufacturing, glass sand making and shipbuilding. Founded by the late Dato Sri Lau Hui Kang, brother of the late Deputy Transport Minister Datuk Robert Lau Hoi Chew.<\/p>\n<p><strong>Berjaya Corp<\/strong><br \/>\nThe fifth largest conglomerate in Malaysia, boasts 150 companies in its stable and spans a vast range of sectors. Tycoon and founder Tan Sri Vincent Tan, has a personal net worth of US$1.2 billion and is ranked by Forbes as the tenth richest man in Malaysia in 2012.<\/p>\n<p><strong>Astro<\/strong><br \/>\nTan Sri Ananda Krishnan\u2019s telecommunications empire covers telco company Maxis, satellite television channel Astro, satellite system Measat, and power generation system Tanjong PLC. The second richest man in Malaysia is worth an estimated US$9.9 billion.<\/p>\n<p><strong>Tamil Nesan, Makkal Osai, Naam Naadu<\/strong><br \/>\nTamil Nesan is owned by former MIC President Samy Vellu, while Makkal Osai is in the hands of former MIC Deputy President S. Subramaniam. New kid on the block Naam Naadu is said to be controlled by Malaysian Associated Indian Chamber of Commerce and Industry (MAICCI) president Kenneth Eswaran.<\/p>\n<p><strong>Khazanah Nasional<\/strong><br \/>\nThe Barisan Nasional government\u2019s largest investment arm is, together with Tan Sri Ananda Krishnan, the largest shareholder in Usaha Tegas group holdings \u2013 the owner of telco giant Maxis. Khazanah also owns Celcom and Telekom Malaysia.<\/p>\n<p><strong>Utusan Melayu Group<\/strong><br \/>\nUMNO owns a 49.77% stake in Utusan Malaysia, the ultra right-wing Malay language newspaper.<\/p>\n<p>Read the first part of our story here:\u00a0http:\/\/www.therocket.com.my\/en\/why-the-mainstream-media-is-losing-out\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media Prima Datuk Mohd Ibrahim Mohd Nor\u2019s flagship vehicle Gabungan Kesturi Sdn Bhd and the Employees Provident Fund (EPF) are the largest shareholders. Media Chinese International Timber and media mogul Tan Sri Tiong Hiew King helms the group. His personal net worth is estimated at US$1.5 billion and he is ranked by Forbes as the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":37216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[250],"tags":[],"class_list":{"0":"post-36161","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cover-story"},"acf":[],"_links":{"self":[{"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/posts\/36161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/comments?post=36161"}],"version-history":[{"count":1,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/posts\/36161\/revisions"}],"predecessor-version":[{"id":37215,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/posts\/36161\/revisions\/37215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/media\/37216"}],"wp:attachment":[{"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/media?parent=36161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/categories?post=36161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dapmalaysia.org\/en\/wp-json\/wp\/v2\/tags?post=36161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}