Times Media Group (TMG) says it will launch several new digital sites in the coming months, including Sunday Times online and Rand Daily Mail online.<\/p>\n
Currently the Sunday Times runs a paywall digital edition for paying subscribers.<\/p>\n
On Tuesday (23 September), the group pointed to a modest rise in revenue for the year ended June 2014, to R3.995 billion, from R3.831 billion before.<\/p>\n
Profit from operations increased to R359 million, from R27 million in 2013.<\/p>\n
The group declared a final gross dividend of 35 cents per ordinary share.<\/p>\n
“The 12 months to 30 June 2014 has been a difficult period operationally, given the tough trading environment. During the year, we continued to reposition and restructure the business, making several acquisitions and selling non-core assets,” Times Media said.<\/p>\n
TMG\u2019s media assets reside primarily in print with its\u00a0brands including Sunday Times, The Times, Sowetan, Business Day and Financial Mail.<\/p>\n
Digital titles already include BDLive, TimesLive, and SowetanLive.<\/p>\n
Earlier this month, the group launched a video-on-demand business, Vidi, offering two options: an all-inclusive Unlimited Subscription to a library of movies and TV series for only R149 per month, or movie rentals only, at R27 a pop.<\/p>\n
R149 a month video streaming service launched in SA<\/strong><\/a><\/p>\n