JSE-listed Times Media Group, which owns a range of newspaper and other media assets, will launch a video-on-demand product next month. Called Vidi, the service, which will compete with pay-television operator MultiChoice
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Sekunjalo Investment Holdings has made a bid to acquire the news agency operations of the South African Press Association (Sapa) in order to form a new company with participation by other media houses, its chairman announced on Monday. “We intend to take Sapa into territory
Gallo Images is looking into possibly purchasing the South African Press Association (Sapa), the news agency’s chairman said on Thursday. “Gallo is doing a due diligence process, where they are looking at the model, the production issues, the IT requirements, and they are also looking how it could be possible for
Times Media Group (TMG) is under investigation for allegedly trading during a closed period, when directors are not allowed to trade in shares, Business Report reported on Monday. “We are aware of this matter and are investigating accordingly,” JSE head of investigations Eure Saaiman was quoted as saying
Caxton and CTP Publishers has sold its entire shareholding in the Times Media Group to the Blackstar Group, it was reported on Tuesday. The sale was announced on Monday by TMG. This brings Blackstar’s holding in TMG to 32,3% of the
The Movement for Transformation in Media in South Africa called for a probe on Monday into the transformation of Times Media Group. “We have seen a concerted effort by the largely white-owned and -run media houses, in this case specifically the TMG, to discredit black business
When Times Media Group trumpeted in a statement to shareholders last week that it had acquired 60% of radio station Vuma FM for R25,6m, it failed to inform them of impending litigation against the Durban-based radio station that could jeopardise its future. TechCentral is in
Times Media Group has acquired a controlling 60% stake in a KwaZulu-Natal based radio station called Vuma FM. The acquisition comes just a month after it snapped up 65% of Mpumalanga station Mpower FM. The deal is worth R25,6m and Times Media has agreed to provide additional working capital to Vuma
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
Independent Newspapers boss Iqbal Survé on Thursday accused rival Times Media Group of a “dirty tricks” campaign to rob his group of revenue and readers, after laying criminal charges against one of its editors and a reporter. Sekunjalo Investments, which Survé chairs, brought the charges