The Straits Times is an English-language daily broadsheet newspaper based in Singapore and currently owned by SPH Media Trust (previously Singapore Press Holdings). The Sunday Times is its Sunday edition. The newspaper was established on 15 July 1845 as The Straits Times and Singapore Journal of Commerce. The Straits Times is considered a newspaper of record for Singapore. The print and digital editions of The Straits Times and The Sunday Times have a daily average circulation of 364,134 and 364,849 respectively in 2017, as audited by Audit Bureau of Circulations Singapore. Myanmar and Brunei editions are published, with newsprint circulations of 5,000 and 2,500 respectively. The original conception for The Straits Times has been debated by historians of Singapore. Prior to 1845, the only English-language newspaper in Singapore was The Singapore Free Press, founded by William Napier in 1835. Marterus Thaddeus Apcar, an Armenian merchant, had intended to start a paper, hired an editor, and purchased printing equipment from England. However the would-be editor died abruptly, prior to the arrival of the printing equipment, and Apcar went bankrupt. Fellow Armenian and friend, Catchick Moses, then bought the printing equipment from Apcar and launched The Straits Times with Robert Carr Woods, Sr., an English journalist from Bombay as editor. The paper was founded as The Straits Times and Singapore Journal of Commerce on 15 July 1845. The Straits Times was launched as an eight-page weekly, published at 7 Commercial Square using a hand-operated press. The subscription fee then was Sp.$1.75 per month. As editor, Woods sought to distinguish The Straits Times from The Singapore Free Press by including humour, short stories, and foreign news, and by making use of regular steamship services carrying mail that launched shortly before The Straits Times was launched. Historian Mary Turnbull disputes this account of The Straits Times' founding, saying that it was unlikely an Armenian merchant would have wanted to found an English-language newspaper, particularly given the presence of the more established Singapore Free Press.