#1MalaysiaTutupKedai2018 : Media Prima Hits RM670 MILLION Losses

This is from M'kini:

 

Media Prima net loss RM669.7m Dec 31, 2017 

net loss of RM69.78m in 2016.

revenue RM1.19b for period

2016 revenue RM1.28b

Media Prima said revenue declined 7% against previous year

lower ad and newspaper sales

group ventured into new digital, consumer-based business 

these initiatives still undergoing gestation

Media Prima will continue transformation journey 

increase efforts to accelerate revenue generating initiatives 

Bernama

Read more at https://m.malaysiakini.com/news/413136#i7YluTqxVQ63DKWk.99

My comments :  Revenue decreased by RM90 million but losses increased by almost TEN TIMES from RM70 million losses in 2016  to RM670 million losses in 2017.

My question is how is Media Prima going to keep surviving? 

Where is the cash flow going to come to keep paying the salaries of all the UMNO butt lickers? 

By coincidence I received the following from an old friend (Malay guy). It shows what the general public thinks about Media Prima outfits like TV3.

This is a huge TRUST DEFICIT brader.  This is your problem. This is what the public thinks about you.

Dont believe me? You want proof?  Ok here is my proof :

Media Prima net loss RM669.7m Dec 31, 2017 

net loss of RM69.78m in 2016.

Haaa haaa haaa 

But, despite the sorry-@$$ "tutup kedai"  predicament they are in, Media Prima still has a sense of humour.  They say :

• group ventured into new digital, consumer-based business 
• these initiatives still undergoing gestation 
• increase efforts to accelerate revenue generating initiatives

Like what?  Jual nasi lemak dara online? Duit besor bro. Untung besor.

Maybe cuci kereta Uber ?  Duit besor juga.

Braders, kau orang ni pegang monopoly business.  

There is no way I can get a TV license. 

But you clowns have so many TV channels. 

Despite a monopoly, despite having so many TV licenses you still go bust. 

RM670 million losses?

I heard some time ago that Media Prima staff are already being let go. 

My suggestion is yes you have to cut staff. You have no choice.

Cut staff to the barebones. 

Most certainly you are still overstaffed.
Employ staff who can do the jobs of three people.
Bangsa apa pun takpe lah. Save the company first. 

If you want to sell TV3, let me know ok. 
Drop me an email.
Kita boleh bantu. 

Kalau strictly commerial can make money.
If political then will go bust.
If old cowboy movies still can make money.
Drama karut, cerita karut will go bust.
If  good music show can make money.
If 'ceramah retard' can go bust.

Monopoly also can make losses. 

Tak tahu niaga, tak tahu kira, tak tahu apa pun.