Data provided by iNet BFA
Loading...
See More

Sekunjalo to make newspaper announcement

Jun 19 2013 10:07 Sapa
Newspapers

(Shutterstock)

Related Articles

Survé outlines strategy for Independent

No more secrets for Sekunjalo

Media workers want 25% stake - report

Sekunjalo, Independent enter R2bn deal

Times Media defends editorials

Who owns the media?

 

Johannesburg - Sekunjalo Independent Media (SIM), which is buying Independent News and Media (INM), will reveal details of its consortium on Thursday, chairperson Iqbal Survé told e-News. 

"We have committed to announcing the details of the consortium and funding partners," he said in a televised interview on Wednesday.

"Many of our newspaper competitors have been trying to make a story here, I wouldn't expect anything less from them."

Answering a question, Survé said there was no reason why it would not be critical of government or any other organisation in its reporting.

"I don't think there would be any reason why there would not be critical reporting of government. We need diverse views and diverse opinion," he said.

"Lets have balance and objectivity."

At the end of May, SIM said the announcement about the deal was necessary after "much speculation".

SIM said in a statement that while it had committed to making the announcement after its general meeting "this has been deliberately ignored and misrepresented in the media, especially by competitors of INM".

On May 22, Wits journalism professor Anton Harber wrote in a column that Survé was being secretive about the purchase. Harber said there was no clarity on how the R2bn purchase was being funded.

There was major public interest in who owned and funded the group at a time when the Print Media Transformation Task Group was looking into diversity of print media ownership.

The African National Congress had expressed concerns about monopolies in the industry.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

sekunjalo  |  iqbal surve  |  ict  |  media
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

OneRandMan learns how money really works

National Savings Month is not only this month, it is every month from your very first salary slip, an expert warns OneRandMan and all South Africans.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...