Faridah Kulabako and Walter Wafula reported for the Monitor on 7 October 2010 that NMG calls for investment via the USE. In Kampala, Nation Media Group has set October 19 as the date for cross-listing shares on the Uganda Stock Exchange (USE). This was announced by Dr Gitahi Githinji, the managing director of Monitor Publications, a subsidiary of the group during a meeting in Kampala on Tuesday.
Business Day’s Chantelle Benjamin reported on 6 October 2010 that the SABC needs at least another R600m for the technology and skills to meet an international deadline of 2015 for migration to digital terrestrial television. This is what its acting CEO Robin Nicholson said.
In the SABC's 2009-10 annual report Nicholson said: "The move to digital broadcasting is an irreversible reality and investments required in technology, skills and industry need to be made but are beyond the current financial capacity of the SABC."
Kagiso Media 's decision to diversify revenue streams away from a dependence on advertising revenue to new media just three years ago has paid off, according to the company's latest results for the year to June.
Acquisitions such as Urban Brew Studios, Gloo Digital Design and Acceleration Media have proved the to be the foil for lower advertising revenue from Kagiso's radio stations. Despite marginally improved revenue of R472.4m this year against R469.9m last year in the broadcast sector, radio's share of total advertising spend contracted from 13.1% to 12.4%.
At the 3rd cycle meeting of the NFVF Council in early September 2010, its management recommended funding seven feature films and four documentaries, that have previously been funded in development, for production. This is the first time the council has made such a recommendation and is indicative of the rigorous development process instituted over the past three years, with script editors assigned to every promising feature concept or project and a hands-on development process for all documentaries.
Funding African Media in an Age of Uncertain Business Models will be the main theme of the African Media Leaders Forum (AMLF) when it meets in Yaoundé, Cameroon in November.
The Forum is the flagship programme of the African Media Initiative (AMI) and is the only annual gathering of African media owners and operators from around the continent. “The main objective of the Forum is to facilitate the emergence of an African media sector that is professional, financially sustainable, technologically adaptable and socially responsible,” according to Amadou Mahtar Ba, AMI CEO.
DStv introduces Dish Digital, an online, easy-to-use and interactive digimag, which provides subscribers with DStv’s programme scheduling, top highlights and premieres at the click of a mouse. A digital offering will in the near future also provide opportunities such as watching previews and movie clips online, giving the consumer an even bigger scope for tailor-making their viewing. Launched in July 2010, the fourth edition goes live on Monday, 16 August.