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Singapore Press Market Value Falls Behind New York Times

  • Singapore Press declines 26 percent this year amid challenges
  • Short interest is close to the highest level in 18 months
An NYPD police officer passes in front of the offices of The New York Times in New York.

An NYPD police officer passes in front of the offices of The New York Times in New York.

Photographer: Scott Eells/Bloomberg
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Singapore’s leading newspaper publisher had a market capitalization that was larger than that of the New York Times Co. -- until this month. 

Singapore Press Holdings Ltd. saw its market value fall below that of its better known U.S. peer for the first time in 12 years, with outstanding shares at S$4.2 billion ($3.13 billion), about $7.1 million less than the publisher of the New York Times.