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MCOT Unveils Eight Strategies to Navigate Media Industry Challenges

Bangkok:MCOT Public Company Limited is implementing eight strategic initiatives to navigate the rapid changes within the media industry. These strategies aim to transition the organization from traditional media reliance to a more diversified and sustainable business model.

According to Thai News Agency, MCOT's strategies include organizational restructuring through the Mutual Support Program (MSP) to enhance agility and reduce costs. This aims to prevent a "brain drain" by redesigning the workforce and aligning skills with the digital market's demands. Another focus is Shopmania, converting audiences into customers through an online marketplace, leveraging MCOT's brand credibility.

The company is also seeking new business opportunities through partnerships and new "S-curve" ventures, reducing reliance on traditional revenue streams. MCOT is exploring ways to transform its real estate and assets into income, considering legal and feasibility constraints.

A "Digital First" strategy is being prioritized, enhancing content production and distribution aligned with consumer behavior. Initiatives like Verify Before Sharing, MCOT Academy, and event businesses are being developed to diversify income sources.

MCOT is also focusing on building new audiences through channels like NineEntertain and Mellow Pop, aiming to strengthen consumer relationships and business proposals. Investments in digital infrastructure, such as DAB+ and ASA for broadcasting, support MCOT's transformation efforts.

Finally, MCOT is committed to delivering sustainable value through its MCOT+S values and ESG principles, emphasizing transparency, trust, and societal responsibility. This holistic approach ensures that business success aligns with public benefit, maintaining MCOT's role as a credible media outlet.