Independent Media’s future uncertain as Sekunjalo pulls funding plug
2 billion into Independent Media and related media businesses over the past decade, Sekunjalo Group has pulled the funding plug, throwing the future of the newspaper company into doubt.
In a statement issued this week, Jacobs said the executive team had concluded that continued funding of a loss-making Independent Media was no longer commercially sustainable.
Sekunjalo Group CEO Lucien Jacobs said it was too early to comment on the future direction of the loss-making Independent Media beyond July, although discussions are taking place with key shareholders to find sustainable solutions.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
