The Peninsula Times
The Peninsula Times began publication on 23 August 1994.[1][2] It was a free English language tabloid newspaper distributed to 200,000 households in the Western Cape, started by entrepreneur Marthinus Strydom. During September 2004, Naspers acquired 70% of the newspaper for an undisclosed amount.
Two editions were available: one for the southern and one for the northern parts of Cape Town. Marthinus Strydom, founder and director of the paper, said that the paper was not out to make a war against the existing dailies in Cape Town. The idea of a new, encompassing tabloid in the Cape was born in 1993 when Strydom was the director of the Northern Times. He approached Naspers at the beginning of 1993, and a deal was made. The newspaper had 32 freelance staff members and 5 full-time journalists. The tabloid featured in-depth investigative reporting, news analysis, and human interest stories.
In 1995, Nasionale Pers acquired the remainder of the shareholding and integrated the newspaper into its other regional free-sheet newspapers.
Current[edit]
On 20 April 2023, the Croatian businessman Josip Heit took over the The Peninsula Times and the trademark. The The Peninsula Times is published online, appears around the clock seven days a week in five languages and is based at 7th Street in Johannesburg. With its media conglomerate, Heit owns 42 daily newspapers on all continents. [3] [4] [5]
References[edit]
- ^ http://saldru.lib.msu.edu/dvd8/Ownership%20&%20Control%201994b.pdf [bare URL PDF]
- ^ "A new tabloid in die Cape"[permanent dead link],Beeld, Cape Town, 12 September 1994.
- ^ "Josip Heit: 'YAHOO FINANCE - MORNING CHRONICLE: Successful Businessman and Chairman of the GSB Group of Companies, Mr. Josip Heit, Announces an International Media Conglomerate".
- ^ "Nasdaq Stock Market News - NEUE ZÜRCHER NACHRICHTEN talks exclusively to Croatian Billionaire Josip Heit about his media group with 42 daily newspapers on all continents".
- ^ "THE PENINSULA TIMES, Current Website".