Frequent editorial changes and poor financial management may have made it harder for the Mail & Guardian to tread water in an environment in which several local newspapers are battling a decline in circulation. M&G Media Limited CEO Hoosain Karjieker confirmed on Tuesday that a process to change the ownership of the newspaper had begun, with the appointment of Deloitte to help find a black empowerment shareholder. The company’s current owner Trevor Ncube, a Zimbabwean entrepreneur, is considered a foreign owner under South African law. The newspaper, like many of its peers, has seen its circulation drop year-on-year in each quarter of 2017. William Bird, executive director at Media Monitoring Africa, said while the M&G faced the same challenges as other media organisations, significant changes to its editorial team in the past five years had weakened its position as an industry leader. "Editorial change is not a bad thing, but when it is fairly regular it is going to have a fairly l...
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