NEWSWATCH: Mergan Moodley, founder of On Digital Media (ODM), which owns TopTV, claims that the station is a pawn in some political game the IDC is playing, reports Mail & Guardian, and Financial Mail wonders what's behind Iqbal Survé's R2bn purchase of Independent Newspapers & Media SA (INM SA).
For more:
Mail & Guardian: TopTV a pawn in IDC's political game, says shareholder... Moodley - the founder of On Digital Media (ODM), TopTV's owner - reckons that the Industrial Development Corporation "has orchestrated moves to devalue the company (ODM) in order to facilitate a sweetened deal with a potential investor that would buy it out," according to the Financial Mail report.
He seems to think that the aim is to make a deal sweet enough that would entice a Chinese investor to come in, but the IDC has of course refuted the claim.
Financial Mail: Of independent means... Still on the media front, but this time print, Iqbal Survé's move regarding the R2bn purchase of Independent Newspapers & Media SA (INM SA) has some people wondering... Why?
Rod Baker is Content Director at Bizcommunity.com. A journalist since before computers, he worked on a wide range of magazines and, in his youth, rose through the ranks from being a lowly and abused sub-editor, to a high and still abused editor and publisher. He has been editor and publisher of a number of magazines, as well as a newspaper. He has edited many books, and written a number too. Email him at moc.ytinummoczib@dor.
