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By 1962 Kingswells share was sold to Bailey's and the two others to private trusts just before the company was listed on the stock exchange the same year with the Bailey's estate owning just over 50% after the stock listing. SAAN bought 20% of the Cape Times in 1963 and by 1973, it owned all of the
126:
In 1955, the two companies, Rand Daily Mail Ltd and the Sunday Times
Syndicate Ltd were formed into a single company called South African Associated Newspapers (SAAN). Prior to the formation, the Abe Bailey estate had 59.23% share in RDM and 26.17% in Sunday Times Syndicate which gave the estate
56:
who feared it would be purchased by Boer nationalists, and Bailey formed a company called the Rand Daily Mails Ltd. Bailey leased the paper out to three people, George H. Kingswell, who became the general manager, Ralph Ward
Jackson its editor and A. V. Lindbergh its distributor as
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in April 1985 as they were losing large amounts of money. The company became Times Media
Limited in 1987, which later became Johnnic Publishing and finally, from 20 November 2007, Avusa Media Limited. In 2013, the name was changed back to Times Media Limited.
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1968 saw
Syfrets, the company managing the Bailey's interest, and other shareholders sell 65% of the shares in SAAN to the Argus Group. The government stepped in, and the offer was limited to 33% which the Argus Group purchased.
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was founded in 1902 by businessman Harry Cohen and managed by editor Edgar
Wallace. Cohen purchased the linotype machines and printing presses for the newspaper from Emmanuel Mendelssohn, equipment from the defunct
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saw this as an attempt by the government to control a large portion of the
English language newspapers and spread a pro-government message to English speaking readers. It was later discovered, by the London
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49.71% in the new company SAAN. The other owners of SAAN included
Kingswell, Ward Jackson and Lindbergh. In 1959, SAAN purchased controlling interests in the
48:. Extravagant operational expenses by Wallace almost bankrupted the newspaper and Cohen had to step in to limited spending. It was bought by mining magnate
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that was indirectly financed by the South
African governments Department of Information, the latter's attempt was eventually exposed during the
205:. The Advowson Trust was formed by members of South Africa's English business community to counter the possible merger when Gordon Waddell's
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and became the only morning and Sunday newspapers in
Johannesburg but the Times' shareholding was soon bought out by Abe Bailey.
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209:(JCI) bought 20% of the shares and the Argus Group purchased 39%. Luyt would announce in January 1976 that he was launching
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19:(SAAN) was an English language South African newspaper group formed in 1995. Its three important newspapers were the
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In 1981, the Argus Group was the largest single shareholder in SAAN, with 39.39%. Other major shareholders, include
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7.54%, Bailey Trust 8.21% and
Stephen Mulholland, 1.18%. The group also included the
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262:. Johannesburg, Cape Town: The Specialty press of South Africa Ltd. p. 242.
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The press as opposition : the political role of South African newspapers
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and the Department of Information, and was eventually exposed in part by the
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group bought out Schlesinger's newspaper interests in 1939, closing down the
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The Cape of Storms : a personal history of the crisis in South Africa
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31:. It was at one time the second largest newspaper group in the country.
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Powers of the press : twelve of the world's influential newspapers
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412:. Internet Archive. Fayetteville : University of Arkansas Press.
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government, attempt to purchase a controlling interest in SAAN. The
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in 1905 after the death of Harry Cohen, after the intervention of
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193:. The secretive government operation to purchase SAAN was called
326:. Internet Archive. Totowa, N.J. : Rowman and Littlefield.
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160:, an Afrikaner businessman and with secret links to the
95:. In an attempt to control the newspaper market, the
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By May 1915, Rand Daily Mails Ltd (RDM) absorbed the
465:Davies, Rob; O'Meara, Dan; Dlamini, Sipho (1984).
76:when the Cape Times Ltd sold it for shares in the
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374:. Internet Archive. New York: Pilgrim Press.
65:which worked in conjunction with the paper.
61:chairman. The three men would go on to form
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87:'s created competition when he formed the
185:and Netherlands based publication called
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17:South African Associated Newspapers
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468:Struggle For South Africa Volume 2
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471:. London: Zed Books. p. 408.
433:Rees, Mervyn; Day, Chris (1980).
483:"Death of a newspaper visionary"
406:Heard, Anthony Hazlitt (1990).
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530:Mass media in South Africa
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256:Nathan, Manfred (1919).
199:Bureau of State Security
197:, and was authorised by
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320:Potter, Elaine (1975).
129:Eastern Province Herald
145:with the Argus Group.
119:(Durban) but kept the
91:and then in 1937, the
284:(34). 25 August 1905.
274:"Latest Foreign News"
520:Newspaper companies
115:(Johannesburg) and
230:. SAAN closed the
183:De Villiers Graaff
419:978-1-55728-167-8
381:978-0-8298-0659-5
333:978-0-87471-445-6
195:Project Annemarie
156:In October 1975,
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149:newspaper.
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54:Lord Milner
509:Categories
493:13 January
436:Muldergate
243:References
158:Louis Luyt
111:(Durban),
50:Abe Bailey
487:The Star
234:and the
222:20.96%,
131:and the
83:In 1934
224:Nedbank
35:History
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181:, Sir
105:Argus
495:2024
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59:CNA
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