24 Apr '13, 5am

Southeast Asia's big media emerges from slumber, finds digital media revolution at its doorstep

Southeast Asia’s big media emerges from slumber, finds digital media revolution at its doorstep April 24, 2013 by Terence LEE While traditional media in the United States have been reeling from the digital media revolution, registering millions in losses, shutdowns, and layoffs, their counterparts in Southeast Asia have been insulated from its devastating effects. But maybe not for long. Well aware that the window to adapt is fast closing, the region’s big media are finally getting more serious about investing in technology. Take this recent piece of news as an example: Scoop , a popular digital newsstand in Indonesia, has raised SGD 3M (USD 2.4M) in Series B funding from Kompas Gramedia , the country’s largest media conglomerate. It’s certainly a good result for Scoop, which previously raised SGD 1M in Series A funding, hinting at a substantial increase in valuation for t...

Full article: http://sgentrepreneurs.com/2013/04/24/southeast-asias-big...

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Southeast Asia’s big media emerges from slumber, finds digital media revolution at its doorstep April 24, 2013 by Terence ...

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