Browsing: Avusa

Times Media Group has continued shedding assets and streamlining its operations, on Monday announcing that it has reached an agreement to sell Nu Metro, South Africa’s second largest cinema chain after Ster-Kinekor, to private equity firm One Fifty Capital

Times Media Group, the publishing, music and retail group formerly known as Avusa, has said it intends acquiring the 50% stake in the loss-making BDFM it does not own. Times Media, which owns the Sunday Times, Exclusive Books, Nu Metro and Gallo Music, is buying the stake

A new Johannesburg-based digital content management company, Grenade, wants to help publishers manage their content and take it to the mobile Web without them breaking the bank in the process. Founded by Colin Daniels, 30, and Robin Pietersen, 29, in February, Grenade offers two content

Justin Arenstein, 42, is an award-winning journalist, digital media strategist and media rights activist who believes the media’s role may become less one of reportage and more one of analysis as digital media grows and traditional media is forced to adapt or close shop. Key to the shift that Arenstein believes is

The Public Investment Corporation (PIC) has decided not to support the buyout of media and entertainment group Avusa by the Times Media Group, it was reported on Tuesday. The PIC, a 17% shareholder in Avusa, said as a “concerned shareholder” it was worried about Avusa’s underperformance

Media group Avusa said last week that 25% of SA video stores had shut up shop in the past year. Rather than the usual culprits of piracy, video on demand and the weak economy, one major industry player is laying the blame squarely at the door of Avusa-owned Nu Metro. Peter Scott, a director at

JSE-listed Avusa reckons about 25% of all video stores in SA have shut up shop in the past 12 months. With an increasing number of South Africans going online to download content, and video-on-demand services being launched in the country in the past two years, the humble video store appears to be in

Exclusive Books has launched a social service for its online store called “stickers”, which encourages customers to rate and share items in the company’s digital store and mark items they want, which can then become eligible for a group discount, earning them individual discounts in the process

The Mvelaphanda Group announced a cash-and-share offer on Tuesday to buy media group Avusa, which publishes the Sunday Times and which owns cinema chain Nu Metro and retailer Exclusive Books. The offer would be made through its wholly-owned subsidiary Richtrau No 229. Mvela currently owns