Kosmo!

History

Kosmo! was launched on 30 August 2004 by Prime Minister Dato’ Seri Abdullah Ahmad Badawi. All the sections in this newspaper use an exclamation mark (!). Unlike its rival newspaper, Harian Metro, whose readership and daily circulations increased over the years, Kosmo! has a much lower readership and decreased daily circulations.

Formerly, Kosmo! was sold in Malaysia at a price of 80 cents daily excluding Sundays, when it was sold at RM 1.00 under a different name, that is Kosmo! Ahad. However, by April 2007, Kosmo! priced at RM1.00 per day, while on Sundays it is sold at RM1.20. As of July 2016, it is priced at RM1.00 for both Kosmo! and Kosmo Ahad.

Despite initial reports in mid-August 2019 that the Utusan Group would be shutting down its newspaper operations including Kosmo!, Utusan Malaysia, and their respective Sunday edition, the company retracted its decision after receiving a RM1.6 million cash injection from the United Malays National Organisation. However, the Utusan Group announced that they will be raising Kosmo! Ahad price from RM1.00 to RM1.50 and shifting to a new business model.

Despite attempts to salvage Kosmo! and its sister newspapers, the Utusan Group executive chairman Datuk Abd Aziz Sheikh Fadzir announced that the company's newspapers would cease publication on 10 October 2019 due to poor cash flow, mounting debts and declining sales. Staff were given a few hours to clear their belongings from the Utusan Group headquarters. The four Utusan newspapers are expected to resume publication on 1 November 2019 under a new management. Aurora Mulia, a company linked to business tycoon Syed Mokhtar Al-Bukhary which also hold a stake in Media Prima, had reportedly acquired 70 percent of Utusan's wholly owned subsidiary Dilof Sdn Bhd. However, only some of the 862 redundant employees would be rehired.

In January 2020, it was reported that Kosmo!, along with its sister newspaper, Utusan Malaysia is set to be revived soon, as some sources in the industry confirming that newspaper's new management has recruiting staff to start working in February.

Kosmo!, together with Utusan is expected to be relaunched in July 2020. According to their website, an animated teaser, which written in Malay showed: "Nantikan Julai ini. Dibawakan oleh Media Mulia Sdn Bhd." ("Awaiting this July. Brought to you by Media Mulia Sdn Bhd,"). It is understood that the new headquarters of the publication will be based at the New Straits Times Press main office at Jalan Riong, Bangsar. On 6 July, the newspaper's relaunch is expected to take place on 20 July.

References

References

1. "About Utusan". Utusan Group.
2. "CIRCULATION FIGURES : NEWSPAPERS - WEST & EAST MALAYSIA".
3. "CIRCULATION FIGURES : NEWSPAPERS - WEST & EAST MALAYSIA".
4. (22 August 2019). "Utusan, Kosmo! Teruslah berjuang...". [[Utusan Malaysia]].
5. (20 August 2019). "Utusan gets RM1.6m reprieve from Umno". [[Malaysiakini]].
6. (20 August 2019). "Utusan not shuttering, price of paper to increase by 50 sen". [[The Star (Malaysia).
7. (20 August 2019). "Utusan CEO says company not ceasing ops, Utusan Malaysia and Kosmo! to continue publishing". [[The Edge (Malaysia).
8. (19 August 2019). "Utusan, Malaysia's oldest newspaper, and Kosmo! to cease publication". [[The Straits Times]].
9. (20 August 2019). "Utusan no more?". [[New Straits Times]].
10. (10 October 2019). "Utusan ceases publication but may be back soon". [[The Star (Malaysia).
11. "Some of Utusan workers will be rehired by new company, says Dr M". [[Malaysiakini]].
12. "NUJ confirms Utusan revival, job calls now open". [[Malaysiakini]].
13. Kevin Davasagayam. "Utusan to be back soon: Reports". [[The Sun (Malaysia)]].
14. Rahimy Rahim. (21 June 2020). "Utusan Malaysia, Kosmo! expected to return next month". [[The Star Online]].
15. Ahmad Ali Karim. (6 July 2020). "Utusan Malaysia Bakal Kembali 20hb Julai Ini".