{"id":48967,"date":"2013-11-05T16:41:17","date_gmt":"2013-11-05T14:41:17","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=48967"},"modified":"2013-11-06T11:29:42","modified_gmt":"2013-11-06T09:29:42","slug":"caxton-to-buy-sa-family-owned-media-company","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/48967\/caxton-to-buy-sa-family-owned-media-company\/","title":{"rendered":"Caxton to buy SA family-owned media company"},"content":{"rendered":"

Listed media and printing group Caxton<\/a> is in advanced discussions to purchase the remaining 70% stake in\u00a0family-owned media company,\u00a0Ramsay Media<\/a>, for an undisclosed sum.<\/p>\n

Ramsay Media’s magazine titles under its brand include Car, Complete Golfer, Getaway Magazine, and Popular Mechanics.<\/p>\n

Caxton meanwhile, owns 41% in Moneyweb, while additional brands include\u00a0Farmers Weekly, The Citizen, and a number of\u00a0community\u00a0titles.<\/p>\n

A spokesperson for Ramsay Media told BusinessTech that talks were at a “very advanced stage” with hopes to have talks wrapped up “very soon”.<\/p>\n

At the end of August, Caxton entered into an agreement to dispose of its remaining 15% in\u00a0Pearson Holdings Southern Africa in a deal worth\u00a0R703.3 million.<\/p>\n

Also in August, the group\u00a0reported a 7% rise in turnover for the year ended June 2013.<\/p>\n

Profit from operating activities was up by 12.2% and depreciation increased from R226.5 million to R241.6 million.<\/p>\n

Headline earnings improved by 11.7% from 109.8 cents to 122.6 cents per share.<\/p>\n

More on South Africa’s media<\/h3>\n

Caxton highlights industry conundrum<\/strong><\/a><\/p>\n

Caxton offloads Pearson stake for R703 million<\/strong><\/a><\/p>\n

Caxton acquires over 10% of Times Media<\/strong><\/a><\/p>\n

Sunday tabloid closes its doors<\/strong><\/a><\/p>\n

Keep calm and carry on, print media<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Media and printing group Caxton is in advanced discussions to purchase the remaining 70% stake in family-owned media company, Ramsay Media, for an undisclosed sum.<\/p>\n","protected":false},"author":10,"featured_media":6366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[1603,26,1847,6974],"class_list":["post-48967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-caxton","tag-headline","tag-moneyweb","tag-ramsay-media"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48967","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=48967"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48967\/revisions"}],"predecessor-version":[{"id":49021,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48967\/revisions\/49021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6366"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=48967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=48967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=48967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}