KUALA LUMPUR: Nearly 100 employees of Media Mulia Sdn Bhd, the publisher of Utusan Malaysia and Kosmo!, will be placed on paid leave as the company reviews its business model amid changes in the media landscape.
The company said yesterday the rationalisation exercise was part of a strategic review of its operations and direction to ensure its long-term sustainability amid challenges facing the media industry.
Media Mulia director and chief financial officer Abd Wahid Idris said the move reflected the industry's shift towards digital platforms.
"The company remains committed to continuing the publication of print newspapers for readers who are loyal to them."
