Timeline of sales and ac­qui­si­tions

Finweek English Edition - - IN THE NEWS -

2005: An­drew Bon­amour, for­merly from Brait, starts the pri­vate eq­uity firm Black­star Group.

Jan­uary 2012: Black­star buys the con­trol­ling shares in the Mve­laphanda Group which gives it ac­cess to the for­mer Avusa.

Septem­ber 2012: Avusa relists on the JSE as Times Me­dia Group (TMG). TMG ac­quires all the shares in Avusa it has not pre­vi­ously owned. Novem­ber 2012: and

(BDFM) of­fer vol­un­tary re­trench­ment packages to all staff mem­bers.

Jan­uary 2013: Bon­amour be­comes CEO of TMG af­ter the sud­den de­par­ture of ex­ec­u­tive chair­man Colin Cary.

April 2013: TMG ac­quires the re­main­ing 50% of BDFM from Pear­son Pub­lish­ing and be­comes the sole owner of and

June 2013: TMG re­launches Sum­mit TV as Busi­ness Day TV, and sells Nu Metro cine­mas.

De­cem­ber 2013: TMG buys Mpumalanga-based ra­dio sta­tion Mpower.

March 2014: TMG launches Mpumalanga-based ra­dio sta­tion Rise FM and Cax­ton sells its re­main­ing shares in TMG to Black­star, which now has a 32.3% stake in TMG. The JSE in­ves­ti­gates TMG for al­legedly trad­ing in com­pany shares dur­ing a closed pe­riod.

April 2014: The JSE clears TMG in share trade case.

June 2014: TMG buys a 49% stake in Kenya’s Ra­dio Africa, which owns five lead­ing ra­dio sta­tions in Kenya.

Septem­ber 2014: TMG launches a video-on-de­mand (VOD) prod­uct, Vidi, a Net­flix-type ser­vice that will com­pete with pay-tele­vi­sion op­er­a­tor Mul­tiChoice via broad­band.

Oc­to­ber 2014: TMG re­launches Rand Daily Mail brand on a dig­i­tal plat­form.

De­cem­ber 2014: Black­star an­nounces its in­ten­tion to buy the re­main­ing 67% of shares in TMG.

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