Times Media buys out Pearson stake in BDFM

by Herman Manson (@marklives) Times Media Group (TMG) has announced that Avusa Publishing, a subsidiary of TMG, has reached an agreement with Pearson to acquire Pearson’s 50% shareholding in BDFM Publishers.

BDFM publishes Business Day and the Financial Mail and owns African Broadcasting Channel which broadcasts Summit, the Home Channel, Ignition and Saffron on DSTV in Southern Africa.

“The full acquisition of BDFM by TMG will allow for economies of scale, an integrated operations platform and operational synergies, and will permit BDFM, under unified ownership, to accelerate its digital transformation,” TMG said in an announcement on the JSE news service SENS.

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