NATION CONTINUES TO DECENTRALISE

Nation Multimedia is continuing its decentralisation plans with the announcement of the forming of two new "business units" to look after its Thai language newspapers Krungthep Turakij and Kom Chad Leuk. This brings the number of business units within the public listed company to seven.
"We have the human resources to provide quality media services, and in this business realignment, the subsidiaries will have their own boards of directors, chairpersons and presidents while sharing advertising, circulation and administration operations," said Group Chairman Thanachai Theeravatpong. "We have the best of both worlds in this new synergised endeavour."
For me, having each publication operating on its own certainly has advantages. Each will have to be profitable without the support of the parent company. Any unprofitable titles will quickly be identified.