adapt or die

I like the management here. They are not resisting change. Rather, they are embracing it and looking to get ahead and grow new revenue streams- online TV, directory and ticketing platform for movies, events & retailers, lifestyle platform, partnerships in the education sector, events, and one am particularly excited about, the Lit Music record label. It has lots of potential.

As a result, digital revenue has been on an increase of 6%. (Direct costs have also shot up by 27%, but that's understandable considering the rollout of the new platforms)

I also like how, instead of yielding to established journalists wanting payhikes “that equal their fame”, vis-à-vis the recent poaching by Royal Media, BBC, Media Max et. al, they chose to let them go and develop younger talent with fresh ideas. Hence there are cost reductions (like in TV down by 21%)
- Overall cost of sales down 11%

ALAFU my problem with government- it owes NMG 726 million. Kazi ni kuwazungusha. Treasury to blame for Sh2.5bn media debt, says Joe Mucheru

My concerns on decreased turnover are assuaged by the fact that it’s a tough business environment, and management is not making excuses. They are taking steps to turn things around. That having been said, the moment they slack off, I’m jumping ship. But for now, I’ll sit tight.

The KSh. 1.50 interim dividend will calm jittery nerves. (Though it’s down from 2.50 - but no worries, let’s not eat everything today and go hungry tomorrow). Even if end year total dividend is slashed to Sh. 8, NMG will have a dividend yield of 9%, higher than nearly all firms on the NSE.

In summary, NMG management looks to be steering this ship well through turbulent waters. Tutabaki ndani tungoje FY results.

This is what they should have done 5 years ago. But well and good better late than never. I hope Kiboro retires soon. He's a spent force he couldnt see the change coming even after noticing that his grandson does not read newspapers and listen to news ut broadcasts. It still hasn't happened to them that online news is instant. I dont see anything about their HY18 on Business Daily.

Let them pay what they can afford. Cash is king. You don't want it to borrow to pay dividends nor starve itself of cash to make investments.

The rain has only started to beat. When my parents stopped buying gazeti in favor of internet stories I knew the clock had started towards D Day. Lucky for them their online competitors like OLX are also struggling. They need to copy Royal Media and launch very many different products in the "hot" areas online. They also need to be more open to acquisitions now. The way the online market is shaping up in Kenya, there will be very few mega opportunities to make billions with one idea. It will be about having many different products making between 10-100 million each

Welcome back... please SELL this relic...it's time for NMG to pay for it's sins...you can't go to bed with the government and come out of it unscathed! I hear state house has influence on editorial content!

Over the last 4 years, Nation Media Group (NMG) Share Price has fallen by 73% from a high of Sh 314 to a low of Sh 85, today's closing price. This is equivalent to Ksh 43.2 Billion being wiped off its market value.

I researched the company on my graduation project and the observatory finding was exactly as has transpired.. "The Impact Of Internet Usage on Newspaper Distribution in Kenya"

NMG can still make money from internet through advertisements if they strategise properly.