{"id":213329,"date":"2017-11-27T16:50:06","date_gmt":"2017-11-27T14:50:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=213329"},"modified":"2017-11-27T16:50:06","modified_gmt":"2017-11-27T14:50:06","slug":"the-mail-guardian-is-for-sale-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/213329\/the-mail-guardian-is-for-sale-report\/","title":{"rendered":"The Mail &#038; Guardian is for sale: report"},"content":{"rendered":"<p>The Mail &amp; Guardian is reportedly entertaining between six and seven offers, with a new owner for the prestigious newspaper expected to be announced by the end of the week.<\/p>\n<p>Financial services firm Deloitte is managing the sale and the company\u2019s board met on Monday morning to discuss the offers, reports the <strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2017-11-27-newsflash-mail-guardian-up-for-sale\/#.Whwhu1WWaUn\" target=\"_blank\" rel=\"noopener\">Daily Maverick<\/a><\/strong>.<\/p>\n<p>Mail &amp; Guardian\u00a0CEO Hoosain Karjieker said that the bidding price would obviously play a key role in the decision to sell, however he said that would editorial policies were equally important and maintaining the publication&#8217;s editorial independence would also be a key factor in which party was selected as a buyer.<\/p>\n<p>The Weekly Mail\u00a0was started in mid-1985 by a group of journalists who had been recently retrenched from the\u00a0Rand Daily Mail\u00a0and the\u00a0Sunday Express, which had both closed down. The paper was run on a shoestring budget, but was made possible by the revolution in \u201cdesktop publishing\u201d of the 1980s.<\/p>\n<p>In the mid-1990s, a deal with the British paper\u00a0The Guardian\u00a0integrated that publication\u2019s international content with the\u00a0Mail\u2019s South African coverage, beginning the process that would see\u00a0The Weekly Mail\u00a0become the\u00a0Mail &amp; Guardian. It would keep that name, now a well-established brand in the Southern African media landscape, after 2002, when Zimbabwean media entrepreneur Trevor Ncube took over ownership of the company.<\/p>\n<p>In that time, the paper had launched South Africa\u2019s first internet news site, as well as uncovering major scandals in the oil industry (\u201cOilgate\u201d) and exposing commissioner of police\u00a0Jackie Selebi\u2019s corrupt relationship\u00a0with a gangster.<\/p>\n<p>The publication currently belongs to M&amp;G Media Limited which is\u00a077.69% owned by Zimbabwean publisher and entrepreneur Trevor Ncube.<\/p>\n<p>A 10% share each is held by the M&amp;G Staff Share Trust and\u00a0Media Development Investment Fund and the\u00a0remaining\u00a02.31% in shares is attributed to other minorities.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/media\/212913\/multichoice-paid-the-guptas-millions-report\/\" target=\"_blank\" rel=\"noopener\">Multichoice paid the Guptas millions: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mail &#038; Guardian is reportedly entertaining between six and seven offers, with a new owner for the prestigious newspaper expected to be announced by the end of the week.\u00a0<\/p>\n","protected":false},"author":10,"featured_media":44327,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[26,4881],"class_list":["post-213329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-headline","tag-mail-guardian"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/213329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=213329"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/213329\/revisions"}],"predecessor-version":[{"id":213349,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/213329\/revisions\/213349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/44327"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=213329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=213329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=213329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}