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'Phenomenal' growth for Primedia.
(From Business Day (South Africa))
Byline: Ron Derby
'Phenomenal' growth for Primedia Media company's acquisitions pay off as revenue rises strongly in advertising, broadcasting units Media Correspondent LISTED media group Primedia said its headline earnings a share increased 45% to 65c for the interim period to end-December, before the once-off costs of its black economic empowerment deal with the Mineworkers Investment Corporation (MIC). MIC bought a 9,8% stake in Primedia in November for R322m. Taking the empowerment deal into account, the group's diluted headline earnings a share decreased 67% to 14c. Primedia, which has interests in broadcasting and …
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