Media Mulia and Utusan Malaysia face financial restructuring amid crisis

Media Mulia, the publisher of Utusan Malaysia, announced plans on November 1 to place nearly half of its approximately 200 employees on paid leave while considering restructuring options. The internal memo cited business and cost pressures as the reason for the paid leave scheme. A town hall meeting is scheduled for November 3 to provide details on the plan and business continuity steps.

The financial crisis marks a recurrence of instability for Utusan Malaysia, which previously closed abruptly in October 2019 after years of financial losses. The restructuring efforts and staff uncertainty reflect ongoing financial pressures within the Malaysian media sector.