No brainer, she says. Even the PM's most staunch backer in Cabinet, Rafidah Aziz, is not for the merger between the New Straits Times and the Utusan Melayu as they could end up losing advertisers as well as growth.
Two companies can work together and form strategic alliances. Why the haste to merge? Have they discussed the merger with their employees?
Sounds like the old Kak Pidah to me. [Read here]
But let's not forget, some people with inside knowledge have made a killing from the two stocks and, at this point, it won't make much difference to them if the two Umno-owned media companies merge or not. The Securities Commission and the Bursa are still mum about that! Business-savvy Umno leaders like Rafidah must call for an investigation to see who's been manipulating Umno counters for their own gains!