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The Edge buys Malaysian Insider

Mon 2014-Jun-9 @ MYT 14:07:47 pm
The Edge Media Group, publisher of business weeklies, has acquired online news site Malaysian Insider, broadening its media properties after buying into BFM business radio and setting up the FZ.com news site.

Edge chief executive Ho Kay Tat, announcing the purchase today, pointed to shared values and the fact that the Insider has the second highest traffic among local online news sites. “Our decision to invest in BFM and now to buy TMI was also driven by the fact that we share the same vision and editorial values to promote fairness, moderation and inclusive socio-economic development,” he said.

Insider editor Jahabar Sadiq, who will continue to head the editorial team, said: “We welcome {Edge Media’s} commitment to the same ethos that has made The Malaysian Insider a credible news portal since our inception in February 2008.”

Question mark over FZ.com

The question remains as to how the purchase of the Insider will affect FZ.com which has had a relatively minor impact since its setting up two years ago and has taken a softer approach to news.

Edge Media, owned by tycoon Tong Kooi Ong, publishes the Edge weekly in Malaysia and Singapore; the online weekly Edge Review, and websites «www.theedgemalaysia.com» «www.theedgeproperty.com» and «www.fz.com».

The Edge Review was launched last year, and the company also bought a minority stake in BFM radio the same year.

Kay Tat said Edge Media remained independent of any political, racial or religious group and was committed to report, analyse and explain news accurately, fairly, and intelligently.

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2 Comments
  1. Thu 2014-Jun-12 @ MYT 23:09:05 pm 23:09

    Reblogged this on Rational VS Emotional and commented:
    I always love these kind of news ❤

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