DStv operator MultiChoice, which is owned by media giant Naspers, has agreed to back a bid by a broad-based consortium wanting to buy into and rescue the financially troubled On Digital Media (ODM), owner of TopTV. A broad-based consortium led by businessmen
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A consortium led by businessmen Given Mkhari and Malose Kekana has made an unsolicited offer to buy a stake in struggling pay-television operator TopTV, website BDlive reported on Monday. TopTV is owned by On Digital Media, which is currently trading under a “business rescue” in
TopTV parent On Digital Media is turning to China in an effort to stave off business failure. The proposed deal will result in China’s StarTimes taking a 20% stake in the business, the maximum foreign shareholding allowed for South African broadcasters. The troubled operator
These allegations from Mergan Moodley, the founder of On Digital Media (ODM), which owns TopTV, come on the same day the pay-TV station announced it would be discontinuing two channels from its bouquet for “operational reasons” in preparation for a new channel structure. “The IDC [Industrial Development Corp] has
Financially distressed pay-TV operator TopTV, owned by On Digital Media and which is under “business rescue” in terms of the Companies Act, is discontinuing two of its channels this week. “As TopTV continues to operate under the business rescue plan … it has become necessary
Financially distressed pay-television broadcaster On Digital Media (ODM), owner of TopTV, has set out a case to the Independent Communications Authority of South Africa (Icasa) in which it has argued that it should be allowed to broadcast X-rated content on its bouquet of satellite channels
MultiChoice, operator of satellite pay-television platform DStv and a unit of JSE-listed media giant Naspers, should be concerned about the financial problems at rival TopTV, owned by On Digital Media. Competition is good for consumers and it’s
TopTV owner On Digital Media, the first and only company to launch a commercial alternative to incumbent pay-TV operator MultiChoice’s DStv, is in serious financial difficulty. The company’s management team has decided to seek a “business rescue” under section 129 of the new Companies Act. This
The stretch of land around the confluence of the M1, N1 and N3 highways at Buccleuch, north of Johannesburg, is turning into something of a corporate information and communications technology hub. Just months after mobile operator Cell C
So, the Independent Communications Authority of SA (Icasa) has decided to reject TopTV parent company On Demand Media’s request for permission to air three “adult” channels on its satellite pay-TV platform. In doing so, the regulator hasn’t only overstepped the mark in terms of the degree to which it should be able to interfere