The Edge (Malaysia) Explained

The Edge
Type:Daily & Weekly newspaper
Format:Tabloid
Foundation:1994
Price (Daily): Peninsular Malaysia RM price, Sabah & Sarawak
price
Price (Weekly): Peninsular Malaysia RM price, Sabah & Sarawak
price
Owners:Tan Sri Tong Kooi Ong
The Edge Communications Sdn Bhd
Editor:Kathy Fong
Language:English
Headquarters:Level 3, Menara KLK, No. 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor Darul Ehsan

The Edge Media Group is the publisher of business and financial publications in Malaysia and Singapore, with headquarters in Petaling Jaya, Selangor, Malaysia. It is divided into four subsidiaries: The Edge Communications Sdn Bhd, publisher of The Edge Malaysia – a Business and investment weekly publication launched in 1994 available in both print and digital formats and The Edge CEO Morning Brief – a digital business and political news publication available every Tuesday-Friday morning, The Edge Publishing Pte Ltd, publisher of The Edge Singapore – a local newspaper with in-depth and analytical coverage on business and investments within Singapore and across the region,[1] The Edge Property Sdn Bhd and The Edge Property Pte Ltd.[2] [3]

History

See main article: Najib Razak controversies. On July 24, 2015, the Malaysian government suspended the publishing license of the Edge media group's two print publications, the Edge Weekly and the Edge Financial News, alleging that their coverage of the 1Malaysia Development Berhad threatened the country's national security and public order. The Edge's print publications were suspended for three months, beginning on 27 July 2015.[4] [5] The suspension of The Edge newspapers was criticized by several opposition politicians, the Institute of Journalists Malaysia, and business leaders, including the CIMB Group chairman Nazir Razak and Air Asia executive Tony Fernandes.[6] [7] On July 27, The Edge filed a judicial review challenging the ban.[8]

In April 2023, The Edge Communications Sdn. Bhd. and its owner, Tan Sri Tong Kooi Ong, bought a stake in The Star Media Group, with Tong owning a direct interest of 0.25% stake and a 5.17% indirect interest through The Edge Communications.[9] [10]

Circulation

The Edge Malaysia is audited by the Audit Bureau of Circulations. As of January 2014, it has an approximate circulation of 22,572.[11] The Edge Malaysia caters to corporate executives and the general public with an interest in the Malaysian financial market and is distributed nationwide via newsstands.

Notes and References

  1. Web site: About Us. theedgemalaysia.com.
  2. Web site: Edge Property Malaysia.
  3. Web site: Edge Property Singapore.
  4. News: Malaysia suspends newspaper over prejudicial 1MDB reports. 16 Jan 2020. Asia Times. 24 July 2015.
  5. News: About Us. Wall Street Journal. 25 July 2015. 31 July 2015. Ng. Jason.
  6. News: Lift the suspensions of The Edge Malaysia and The Edge Financial Daily. 29 July 2015. The Malay Mail. 25 July 2015.
  7. News: 25 July 2015 . Malaysian PM Najib's brother condemns The Edge's suspension . . dead . 29 July 2015 . https://web.archive.org/web/20150728000743/http://news.asiaone.com/news/malaysia/malaysian-pm-najibs-brother-condemns-edges-suspension . 28 July 2015.
  8. News: Malaysian media The Edge files for judicial review over ban with bare success.. 29 July 2015. The Straits Times. 27 July 2015.
  9. Web site: Kit . Chan Wai . 25 April 2023 . Report: The Edge, owner buy 5.42pc stake in Star Media Group . 25 April 2023 . Malay Mail . en.
  10. Web site: Tay . Chester . 25 April 2023 . The Edge owner buys 5.42% stake in Star Media . 25 April 2023 . The Edge Markets.
  11. Web site: January 2014 to June 2014 ABC Circulation Figures . 29 July 2015 . Audit Bureau of Circulations Malaysia.