Times Media buys out Pearson stake in Business Day, Financial Mail
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.
Digital inustry association denies governance crisis
The Digital Media & Marketing Association (DMMA) earlier this year announced a new management structure that saw an elected Executive Committee replaced by an appointed steering committee. However, it had neglected to update its constitution, which requires a 75% vote in support by members, before doing so.