Timeline of sales and acquisitions
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.