Singapore Press Holdings

Singapore Press Holdings is considering job cuts amid a reorganization, Bloomberg reported citing people familiar with the matter.

Singapore Press, the city's dominant newspaper publisher, like many of its peers in the industry, is grappling with digital disruption that has eroded readership and advertising revenue, the report said.

Profits have fallen for six straight quarters, including a 45 percent decline in the three months through May from a year earlier.

Singapore Press's market value fell below that of its U.S. peer New York Times Co. for the first time in 12 years earlier this month.

The company had 4,473 employees at the end of May, with a total wage bill of S$276 million.

Shares in Singapore Press were unchanged at S$2.71 on the Singapore Exchange. The stock has lost about 23 percent so far this year, giving it a market value of S$4.3 billion.