Arena Holdings Explained

Arena Holdings
Type:Subsidiary
Predecessor:Johncom, Avusa, Tiso Blackstar Group
Foundation:2012
Location City:Johannesburg
Location Country:South Africa
Key People:Prakash Desai (CEO)
Industry:Media
Products:Publishing, entertainment, retail
Parent:Lebashe Investment Group
Divisions:Picasso Headline, Hirt & Carter, Nu Metro Cinemas (sold), and Exclusive Books.

Arena Holdings, formerly known as Tiso Blackstar Group, Johnnic Communications, Avusa and Times Media Group, is a media company in South Africa. Avusa means "to rouse feelings, to revive and evoke action". The name was changed in 2007 in order to avoid confusion between Johnnic Communications and Johnnic Holdings.[1] The name was changed again (to Tiso Blackstar) in 2017.[2] Currently, they are facing restructures of the company.[3] [4]

History

In 2012, Avusa was acquired by a unit of Mvelaphanda Group and renamed Times Media Group, which was then relisted on the JSE.[5] In 2013, Times Media Group acquired the remaining 50% of BDFM from Pearson.[6]

In 2019, Tiso Blackstar Group sold its print, broadcasting and content assets to Lebashe Investment Group for billion. It was then announced that the assets would form a new company called Arena Holdings.[7]

Publications and services

Magazines

Newspapers

Retailers

Publishers

Digital

Avusa created a network of its own websites, named Times Media Live, in 2010. In 2011 this network began to expand from three sites to 21 in 2014, made up mostly of disparate websites within the Group (Times Live,[9] Sowetan Live,[10] BDLIVE, Financial Mail, HeraldLive and more) including the African representation of The Daily Telegraph. In doing so, Times Media Live became the second-largest publisher network and thereafter, Times Live the second largest website in South Africa. Times Media Live was the first large media-owned publisher to reach profitability in the 2013 financial year. In 2014 The Rand Daily Mail was resuscitated as an online-only brand.

Picasso Headline currently publishes:

In April 2019, Tiso Blacksar relaunched Vrye Weekblad.

Music

Controversies

Accusations of fake news

On 27 November 2016, The Sunday Times published a story claiming that South African radio and television personality, and former Idols SA judge, Gareth Cliff had "admitted to giving fellow Idols SA judge Marah Louw the spiked drink that led to her notorious slurring and swearing on live TV", with further suggestions made that the incident had resulted in Louw's contract not being renewed.[11] As a result of the article, Gareth Cliff was the victim of many insults on social media, before releasing a statement on Facebook confronting the false allegations printed in the Sunday Times. Susan Smuts, Managing Editor of the Times, responded to Cliff's lawyer, admitting that there had been "misinterpretations". Cliff, via his lawyer, demanded an unreserved apology from the Times.[12]

See also

Notes and References

  1. Web site: Johncom proposes name change to Avusa. 2007-10-09. Mail & Guardian. 2011-03-17.
  2. News: Times Media becomes Tiso Blackstar. 13 June 2017. BusinessDay. 2018-09-28. en-US.
  3. Web site: Reporter . T. M. O. . 2023-09-15 . Arena Holdings prepares to restructure news and entertainment businesses . 2024-01-25 . The Media Online . en-US.
  4. Web site: Arena embarks on news and entertainment restructuring . 2024-01-25 . TimesLIVE . en-ZA.
  5. https://archive.today/20130628203834/http://www.businessweek.com/news/2012-08-16/avusa-investors-flout-pic-to-approve-mvelaphanda-takeover Avusa Investors Flout PIC to Approve Mvelaphanda Takeover
  6. News: Pearson Sells Stake in South African Business Publisher BDFM. Bloomberg.com. 2017-08-31.
  7. Web site: It's official: Arena Holdings is the new owner of Sunday Times, Business Day, Sowetan . 30 July 2020 . TimesLIVE.
  8. Web site: Wertheim-Aymes's new company buying Longevity.
  9. http://TimesLive.co.za Times Live
  10. http://SowetanLIVE.co.za Sowetan Live
  11. Web site: Yes, I gave Marah that drink, says Gareth Cliff. MBELE. GABI. Sunday Times. 2016-12-03.
  12. News: Spiked drink debacle: Gareth Cliff hits back IOL. 2016-12-03.