You're reading it here first.
It's nothing more than basically an empty shell at this point but I can exclusively break the news that the wannabee pay TV operator Super 5 Media has received a six month extension to start a pay TV service in South Africa.
Super 5 Media, formerly Telkom Media before it was sold to Shenzhen Media SA, was supposed to lose its licence at the end of August after failing for years to start a viable subscription television service in South Africa. But I can tell you first that the company that basically imploded earlier last month after burning through more than half a billion rand since it started, has received a very surprising six month extension from the Independent Communication Authority of South Africa (Icasa).
Super 5 Media now has until the end of February 2011 to start a pay TV service. Icasa simply tells me that ''because of the reasons stated'' by Super 5 Media, ''Icasa resolved to grant the company a six month extension''.
ALSO READ: Super 5 Media self-destructs.
ALSO READ: Super 5 Media's ''complete state of collapse''.
