Business Day editor Peter Bruce has announced he will step down from the position, relinquishing the role to senior associate editor, Songezo Zibi.<\/p>\n
Bruce will remain editor-in-chief of Business Day and Financial Mail, the paper said, and will extend his focus to Business Day TV.<\/p>\n
According to BDLive, Zibi will take up the position from 1 May 2014.<\/p>\n
Times Media Group (TMG), owner of BDFM and its media channels, has tightened its business focus through the disposal of non-core assets and a strong focus on broadcast.<\/p>\n
TMG CEO Andrew Bonamour previously stated intent to build the company into a pan-African media house focused on content, radio, TV, digital and newspapers.<\/p>\n
In August, TMG sold its investment and market data business, I-Net Bridge to Naspers-owned McGregor Bureau for Financial Analysis (BFA) for R115 million.<\/p>\n
It also sold Exclusive Books and The Van Schaik Group of Companies for R435 million.<\/p>\n
This was followed by the disposal of Nu Metro Cinema and Popcorn Advertising in January 2014.<\/p>\n
In terms of acquisitions, in December 2013, the group acquired a 65% interest in Mpower FM Radio, a commercial radio broadcaster based in Nelspruit, as well as a 60% interest in KwaZulu-Natal gospel radio station Vuma FM in early 2014.<\/p>\n
“Both Zibi and Bruce possess fervour for Business Day that creates a natural opportunity to share content successfully across our online and broadcast assets,” Bonamour said.<\/p>\n
“It really aligns with Times Media Group\u2019s diversification of delivery platforms and adds value to our expansion as a media group into Africa.”<\/p>\n
Times Media bolsters radio portfolio<\/a><\/strong><\/p>\n