{"id":53868,"date":"2014-03-04T10:04:10","date_gmt":"2014-03-04T08:04:10","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=53868"},"modified":"2014-03-04T10:04:10","modified_gmt":"2014-03-04T08:04:10","slug":"caxton-offloads-tmg-shares-to-blackstar","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/53868\/caxton-offloads-tmg-shares-to-blackstar\/","title":{"rendered":"Caxton offloads TMG shares to Blackstar"},"content":{"rendered":"<p>Caxton and CTP Publishers have sold their entire shareholding in the Times Media Group (TMG) to the Blackstar Group, Business Report reported on Tuesday.<\/p>\n<p>The sale was announced on Monday by TMG.<\/p>\n<p>This brings Blackstar&#8217;s holding in TMG to 32.3% of the total issued share capital. Blackstar is a private equity group, which was founded by TMG chief executive Andrew Bonamour.<\/p>\n<p>&#8220;Caxton&#8217;s rationale for the disposal was that they wanted to increase their cash holdings,&#8221; Kagiso Asset Management research head Abdul Davids was quoted as saying.<\/p>\n<p>&#8220;We know that TMG has renegotiated some printing contracts that will have some negative impact on Caxton,&#8221; Davids reportedly told the newspaper.<\/p>\n<p>Caxton, which is one of the largest publishers and printers of books and community newspapers in the country, reduced its holding in TMG to 11.6% last year and to 7.53% by January this year, the newspaper reported.<\/p>\n<h3 class=\"my-4\">More on Caxton and Times Media<\/h3>\n<p><a title=\"Caxton sells R100m in Times Media shares\" href=\"http:\/\/businesstech.co.za\/news\/media\/51635\/caxton-sells-r100m-in-times-media-shares\/\"><strong>Caxton sells R100m in Times Media shares<\/strong><\/a><\/p>\n<p><a title=\"Caxton hit by rising rand and printing costs\" href=\"http:\/\/businesstech.co.za\/news\/media\/53368\/caxton-hit-by-rising-rand-and-printing-costs\/\"><strong>Caxton hit by rising rand and printing costs<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caxton and CTP Publishers have sold their entire shareholding in the Times Media Group (TMG) to the Blackstar Group.<\/p>\n","protected":false},"author":4,"featured_media":6366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[25,7298,1603,3741],"class_list":["post-53868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-active","tag-blackstar","tag-caxton","tag-times-media-group"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53868","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=53868"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53868\/revisions"}],"predecessor-version":[{"id":53870,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53868\/revisions\/53870"}],"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=53868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=53868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=53868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}