Johnnic Communications (Johncom) has announced that it is separating into two business entities – Johncom and a new subsidiary, OpCo.
The new company will now hold 100 percent of all of Johncom’s directly-held media and entertainment assets, leaving the mother company with its 37.79 percent shareholding in Caxton and CTP Publishers and Printers Limited as its only assets.
OpCo will comprise retail, books and maps, home entertainment, music and distribution, manufacturing and support services and Africa, among other business units. The new subsidiary will also introduce broad based black economic empowerment ownership and is expected to make an announcement about that soon.
Vodacom Women in the Media 2007
Nominations for the Vodacom Women in The Media Awards 2007 are open. Now in its fifth year, the award seeks to recognise exceptional women working in the media sector who have made their mark within a social, political and economic context and with particular reference to their achievements over the past year. For more information, email Fienie Grobler at [email protected].