Ownership
Midi TV was the consortium that won the broadcasting licence in 1998 to operate the channel. It is currently owned by black empowerment group Hosken Consolidated Investments (HCI) and Remgro, a part of the Rupert business empire.
The consortium has had many changes in ownership, however the dominant player has always been HCI: it had bought out minority black shareholders who had failed to repay loans they used to purchase the Midi TV stake. Warner Bros. sold their 25% shareholding of the channel in 2001, concerned that they would never be able to exercise full ownership: South African media ownership law restricts foreign entities to owning no more than 25% of a television channel.
Marcell Golding, a former trade unionist, is the current CEO of HCI and also manages the station.
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