FINANCE WEEK: TITLE BOUT LOOMS


High profile financial journalists David Gleason and Nigel Bruce are used to dispensing advice and criticism about business. Together they took a fortune in capital, and ran the, previously feisty, SA business magazine Finance Week into the grit. Shortly before the magazine goes belly-up its title and subscription list are sold to Naspers for R10 million. But none of the proceeds goes to cover Finance Week's huge debts. Where did they go? And why?

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Submitted by : Deon Van Der Westhuizen of Van Der Stel on 2009-02-08 17:02:22
This is small change in comparison with the R500 million Media24 has (alledged) lost on the Geman tv channel.

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