Browsing: Vuma FM

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