Man City owner buys The Na­tional pa­per

Kuwait Times - - NEWS -

ABU DHABI:

The govern­ment of Abu Dhabi has sold its English-lan­guage daily, The Na­tional, to a me­dia in­vest­ment com­pany owned by Sheikh Man­sour, the owner of Manch­ester City Foot­ball Club. In­ter­na­tional Me­dia In­vest­ments (IMI) ac­quired the daily, which was founded in 2008 by the govern­ment-owned Abu Dhabi Me­dia (ADM), the news­pa­per said yes­ter­day. IMI is a sub­sidiary of the Abu Dhabi Me­dia In­vest­ment Cor­po­ra­tion (ADMIC), a pri­vate com­pany owned by Sheikh Man­sour bin Zayed Al-Nahyan, half-brother of Abu Dhabi’s ruler and UAE Pres­i­dent Sheikh Khal­ifa bin Zayed Al-Nahyan. Sheikh Man­sour is also the owner of the Abu Dhabi group that bought English Premier League club Manch­ester City in 2008.

“The 21st-cen­tury me­dia land­scape, dom­i­nated by dig­i­tal plat­forms, es­pe­cially mo­bile, of­fers new op­por­tu­ni­ties for The Na­tional to develop and ex­tend its voice, while main­tain­ing a ro­bust pres­ence as a tra­di­tional print as­set,” said a joint state­ment by IMI and ADM. ADM owns sev­eral pub­li­ca­tions, ra­dios and tele­vi­sion chan­nels, in­clud­ing the widely cir­cu­lated Aleti­had news­pa­per and Abu Dhabi Chan­nel. ADMIC part­nered in 2010 with Bri­tish Sky Broad­cast­ing (BSKYB) to form Sky News Ara­bia, which launched in 2012.

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