South Africa: bad days for ThisDay
Posted by Bertrand Pecquerie on October 26, 2004 at 11:37 PM
According to AllAfrica.com, "Shareholders of the ailing ThisDay newspaper are in last-ditch negotiations with potential investors to rescue the daily from closure. There are about 15 possible investors, ThisDay chairman Nduka Obaigbena told journalists in Johannesburg on Tuesday afternoon. Obaigbena, who is also the owner of ThisDay in Nigeria, would not reveal details of the negotiations with potential investors, but hinted that there was a possibility SA's youngest daily newspaper could soon be in control of South African hands."
Source: AllAfrica.com
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