Phnom Penh Post sold by Aussie owner to Malaysian investor

PHNOM PENH, Cambodia — The newspaper widely considered the last independent media voice in Cambodia has been sold by its Australian publisher to a Malaysian investor.

Saturday's announcement by Post Media CEO Bill Clough identified the buyer of the English-language Phnom Penh Post as Sivakumar G., who was described as having an experienced journalist's background and representing a strong investment group from Malaysia. No price was given.

"The recent times have been a challenge, as the worldwide decline in market share for newspaper advertising has also been felt here in Cambodia," Clough, who bought the newspaper in 2008, said in his statement.

Politics has been at least as big a threat to the Cambodian press.

Prime Minister Hun Sen's government has shuttered virtually all independent media and convinced the courts to dissolve the only credible opposition party ahead of a general election this July.

The Post's main English-language rival, the Cambodia Daily, shut its doors last year after being presented with an onerous tax bill, an action that many believe was politically motivated.

The Post in recent months was reported to also have faced a large bill for back taxes, but had denied its survival was at risk. However, it acknowledged that a court had ruled in favor of a former employee that sued it for money allegedly owed, and had issued an order for attaching its property, an action that has been deferred pending a Supreme Court hearing.

The Post was founded in 1992 as Cambodia sought to re-establish stability and democracy after the tumult of genocidal Khmer Rouge rule in the late 1970s.

A third English-language newspaper in Cambodia, Khmer Times, is owned by a Malaysian and is seen as close to the government.

You may also interested in

Cambodian opposition lawmaker flees after arrest...

Oct 4, 2017

A prominent Cambodian opposition lawmaker has fled the country after being warned by government...

Cambodia takes first legal step to dissolve...

Oct 6, 2017

Cambodia's government has taken initial legal steps to dissolve the country's main opposition...

Cambodia's ruling party claims sweeping win in...

Feb 25, 2018

The ruling party of Cambodian Prime Minister Hun Sen has claimed a sweeping win in elections for...

Cambodian court orders seizure of former...

Feb 27, 2018

A court in Cambodia has ordered the seizure of the headquarters of the country's former opposition...

Cambodia parties register as Hun Sen vows vote...

Apr 30, 2018

Registration has begun for political parties contesting Cambodia's upcoming general election, with...

Sign up now!

About Us

VNReporter is built to serve the people of Vietnam exclusive reports that best reflect the happenings and achievements in the country. With the rise in the popularity in online news, readers now demand to read quality news in a more modern and easy to read format.

Contact us: sales[at]vnreporter.com

Subscribe Now!