Monday, June 8, 2015

Tiso Blackstar Group takes full ownership of the Times Media Group; acquires 22.9% stake in Kagiso Tiso Holdings.

Tiso Blackstar Group SE, renamed from Blackstar Group SE from today, has taken over the Times Media Group (TMG) with full ownership of the South African media, publication and TV company.

The full ownership now gives Tiso Blackstar, listen on London's AIM and Johannesburg's Altx market full control over the Times Media Group which includes newspapers like The Sunday Times of South Africa, Sowetan, The Times, Financial Mail and Business Day and some radio stations.

The Times Media Group's (previously Avusa) TV assets include TV channels like Business Day TV (DStv 412) and The Home Channel (DStv 176) on MultiChoice's DStv, production company Ochre Media, various TV stations elsewhere in Africa like Ghana and Kenya, as well  as the video-on-demand (VOD) service VIDI which launched in late 2014.

Tiso Blackstar also acquired a 22.9% equity stake in Kagiso Tiso Holdings (KTH), one of South Africa's large black-controlled investment companies.

KTH holds Kagiso Media, which has several radio stations and the Glow TV channel (DStv 167 / OVHD 108) available on DStv and Platco Digital's OpenView HD.

Andrew Bonamour is the CEO of Tiso Blackstar Group.

"Tiso Blackstar brings together many of sub-Saharan Africa's most exciting media businesses into one group," says Andrew Bonamour.

"The digital and mobile opportunities in these markets are only just beginning, and we have the talented people, relationships and experience to make the most of them.