When the restructuring of Naspers eventually happens - and it surely must, given the Tencent factor - there'll be two pieces in its portfolio that won't fit into the future of what's become an internet firm, or rather a venture capitalist in the vein of those found in Silicon Valley. The businesses in question are its video entertainment division that houses MultiChoice, as well as its smaller and sadly long ignored media division that owns some of the oldest newspaper titles in the country.While question marks have long hung over the future of the media businesses headed by Esmare Weideman, going back decades, it's that of its MultiChoice operation that has come into sharper focus in recent years as disruptors abound, eating into its once dominant position in the South African market. The pay-TV monopoly has held sway over its rivals, SABC and e.tv, for decades, its deep pockets unchallenged as they were "competing" for the best content.While it's a dominance that largely still ex...

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