PETALING JAYA, Oct 31 (Bernama) -- Media companies receiving the Media Innovation Fund 2.0, which allocates R30 million, must not lay off employees arbitrarily, even if they face financial constraints, says Communications Minister Datuk Seri Fahmi Fadzil.
Media Innovation Fund Recipients Must Avoid Arbitrary Layoffs - Fahmi
Fahmi Fadzil, Media Innovation Fund, journalists
BE Bernama 
Key takeaways
Communications Minister Fahmi Fadzil stated that media companies receiving the R30 million Media Innovation Fund 2.0 must avoid arbitrary layoffs. He urged organizations facing financial difficulties to seek government assistance to protect jobs.
- The Media Innovation Fund 2.0 allocates R30 million to help media organizations diversify revenue streams.
- Fahmi Fadzil instructed media companies to contact him for assistance if facing financial constraints.
- The minister noted that advertising expenditure has significantly shifted from mainstream media to social platforms.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Also reported by Malaysiakini
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