Ownership
It was privatised in 1996 after the South African Broadcasting Corporation decided to sell off its commercial regional stations. Current owners are African Media Entertainment (75.1%) and Kagiso Media. (24.9%).
Read more about this topic: OFM (South Africa)
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)