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Peter Bruce back at Business Day helm

Feb 26 2013 10:46 Sapa

(Picture: Supplied)

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Johannesburg - Peter Bruce will reassume the editorship of Business Day, as well as being BDFM publisher and editor-in-chief, Business Day reported on Tuesday.

BDFM Publishers, the owner of Business Day and Financial Mail, said Bruce appointed BDFM acting chief operating officer Nathi Maramnco as chief operating officer.

"Mr Maramnco will run the business, and as editor-in-chief and publisher, I'll set overall strategy," said Bruce.

BDFM, a joint venture between Times Media Group and Pearson in the UK, is undergoing significant changes to grow revenue and address industry-wide challenges - including new JSE rules whereby listed companies are now able to make only short term financial notices in newspapers rather than publishing large financial results statements.

Business Day would establish a paywall to access articles on its website beyond a free monthly quota, and its shift to a tabloid-sized newspaper, due in May, would make it easier to read and "easier to accommodate smaller financial notices on a full page", Bruce said.

Business Day and Financial Mail's newsrooms were also to be more closely integrated, which was "what the market wants".

The group intended to rename its Summit Television channel as Business Day Television "or a suitable version of that", and find new business in the rest of Africa.

Bruce is targeting "R70m worth of advertising out of Africa in the next two years".

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