Tiso Blackstar Group has announced that it is considering closing down the print edition of The Times.The media company said the newspaper‚ which was launched in 2007‚ would be replaced with a digital version."Despite several changes which have been introduced to the business model over the past few years‚ the print product has remained unprofitable‚" said Andy Gill‚ MD of media at Tiso Blackstar."Tiso Blackstar is proposing the introduction of a premium‚ digital-only daily edition in a new format‚ which draws on successful models that have been implemented internationally."Gill said the change would necessitate restructuring and possible retrenchments. Staff members have been informed of the decision."The company has therefore engaged with staff in a consultation process in terms of section 189 of the Labour Relations Act‚" he said.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.