Times Media Group has continued offloading assets it deems noncore, reaching an agreement to sell Exclusive Books and Van Schaik Bookstores to a consortium led by Medu Capital for a deal worth R435m. Both companies were identified
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Times Media Group (formerly Avusa) has acquired a 32,3% stake in Ghana’s Multimedia Group for R144m. Multimedia Group is a radio and television business and is the largest independent media company in Ghana, the JSE-listed Times Media, which owns the Sunday Times and Business Day newspapers
After an absence of several years, Ster-Kinekor is set to reintroduce IMAX threatres in South Africa, the cinema chain operator’s CEO Fiaz Mahomed revealed on Wednesday. The company has already begun construction of an IMAX theatre at the Gateway Theatre of Shopping north of Durban
The results of the 15th Sunday Times annual top brands survey, conducted by TNS South Africa, show that Vodacom is considered the best mobile operator and that Apple’s iPhone is the most desirable handset among South African business users. The survey looks
Newspaper group Times Media has sold its electronic news wire and finance information service I-Net Bridge to rival McGregor BFA, which is owned by Naspers, for R115m. “I-Net’s future prospects are dependent on being able to compete in a relatively small, proprietary market
Times Media Group is selling its controlling 51% stake in MAP Integration Technologies (MapIT) to TomTom Africa for R37,5m, the media and entertainment group said on Friday. TomTom already held 49% of MapIT’s equity. Times Media, which publishes newspapers such as the
The department of communications has asked Times Media Group’s public editor to look into alleged unethical conduct by Sunday Times editor Phylicia Oppelt. The editor should also look into Oppelt’s “personal attack” on communications minister Dina Pule, her spokesman, Wisani Ngobeni, City Press editor Ferial
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
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