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November 17, 2008
Primedia gets R500m cash boost
Johannesburg - The recent injection of R500 million into Primedia by its shareholders is the strongest indication yet of the tough trading conditions in the media industry and that some of the high-profile private equity deals of recent years may have hit a rough patch.
The company was delisted last year after it was bought for R6 billion in a private equity deal by a consortium including Brait, the Mineworkers Investment Company (MIC), management and the Kirsh family.
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Posted by StaffWriter at November 17, 2008 7:47 AM