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2017-10-02 15:14 | Report Abuse
How do you expect to be profitable when it's a complete reverse pyramid. Old timers stay forever. And they have to keep create new positions at the top for them. And many of them got promoted like three times in a year.
Then the young people get stuck and can't move up. It does not only affect editorial dept. Look at advertising. Three, four GMs, tons of senior managers and managers. But you can count with your fingers how many executives they have to cover the field.
2017-10-02 15:13 | Report Abuse
MSS no use also. Salary total RM9mil a month. Clear out 200 people also mostly target the ikan bilis, mid level and entry level ones coz cheaper compared to old timers.
But then the top management CEO, directors, the numeours general managers, and senior editors all still there enjoying huge paycheck every month. Mostly sit office goyang kaki and not productive.
The worker ants who cover the field pulak keep on decreasing. You say leh. Better sell before the ship sinks like a Titanic.
2017-09-27 14:26 | Report Abuse
Star officially announced Mutual Separation Scheme today. Good luck guys. Gonna costs a huge huge sum. Up to 60 people are targeted and up to 250 in the mid term moving forward.
2017-09-26 11:45 | Report Abuse
Look at the recent financial results. Look at the decline. I doubt Star can maintain the payout given the dire projections and forecasts moving forward.
2017-09-26 10:54 | Report Abuse
Dimsum is also bleedy cash, hard bleeding. Just ask them how many paid users they currently have. Currently most of them are trial users and free account for employees. Content outdated, not varied enough.
Competitors? iFlix, Viu (backed by Li Ka-Shing's son), Astro and Media Prima. Do you think Star can outshine these major streaming players? I doubt it.
They can't even deliver the content promised at launch. For example, Nirvana on Fire (director's cut) have yet to be made available and a few others.
2017-09-26 10:47 | Report Abuse
Factors to look out for:
1. Mutual Separation Scheme (MSS) coming real soon. Possible dent on earnings.
2. Newspaper price gonna increase too next month, while pages gonna be much thinner.
3. General Election coming, which means more MCA, BN and UMNO ads bashing the opposition. Looking at the trend in GE13, Star will take a huge beating in terms of circulation and readership (but ads might go up due to political spending.
4. Conflict of interest. Wong Chun Wai and his wife's advertising agency.
5. Company is preaching cost cutting across board, but then the CEO and executive editors just purchased five luxury cars (BMW, Mercedes). Each about RM200-300k. Where are the shareholders?
5. Upon the sale of Cityneon, Star had about RM860mil cash pile. After dividend and special dividend, it claims to only have about RM300mil plus. Where are the rest? Sapu for election and own interest?
Shareholders should put to board to task.
Stock: [STAR]: STAR MEDIA GROUP BERHAD
2017-10-02 15:14 | Report Abuse
Paper full of ads. Staronline kept kena pop up ads that you can't even skip. One story got two autoplay non-skippable video ads. Good luck.