The World: Bangkok - GMM Media plans launch of daily newspaper

GMM Media is set to break into the Thai newspaper market with the launch of a daily title backed by a budget of $24 million.

Set for release at the end of the year, the as-yet-unnamed title will sit alongside Kom Chad Luek and the Post Today, both of which were launched in the past three years.

GMM is presently in discussions with an existing player in newspaper publishing and looking at the possibility of a joint venture.

The news comes as the publishing group RS announced that it would be putting back the launch date of its entertainment daily newspaper until September.