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Nation Media Group FY 2015 down 9%

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Pesa Nane		#31 Posted : Thursday, June 30, 2016 10:26:21 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Mart_Consult wrote: NMG now "rationalizes" & consolidates its Media division...turns focus to digital/media first strategy...investors rejoicing? Only time will tell...shocked employees though Pesa Nane plans to be shilingi when he grows up.
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watesh		#32 Posted : Thursday, June 30, 2016 11:10:20 AM
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya		NMG proving itself to be just a newspaper company. I cant even remember the last time I listened to Nation FM (Was a big fan of their mid morning show till they fired the presenters, havn't tuned in ever since)
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Plimsoul		#33 Posted : Thursday, June 30, 2016 11:18:57 AM
Rank: Member Joined: 3/3/2016 Posts: 132		Pesa Nane wrote: Mart_Consult wrote: NMG now "rationalizes" & consolidates its Media division...turns focus to digital/media first strategy...investors rejoicing? Only time will tell...shocked employees though One of the most diplomatic, sugar coated retrenchment announcement I have ever seen. I wonder how many staff.
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The Great		#34 Posted : Thursday, June 30, 2016 11:59:38 AM
Rank: Member Joined: 9/9/2015 Posts: 233		Reduced operational costs. But how about advertisement revenue? Is it so low as to justify the move? "Buy when there's blood in the streets, even if the blood is your own."
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Ericsson		#35 Posted : Thursday, June 30, 2016 12:42:32 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Paradigm shift is needed in the economy otherwise some companies will wind up. NMG is trying to stay afloat after making crazy decisions in the past years Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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DBLyon		#36 Posted : Thursday, June 30, 2016 12:58:06 PM
Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi		Ericsson wrote: Paradigm shift is needed in the economy otherwise some companies will wind up. NMG is trying to stay afloat after making crazy decisions in the past years What crazy decisions, Ericsson? On paradigm shifts, agreed. I like to see companies that look like they are getting with the programme after surveying the environment. This digital strategy thing shows some thought towards not becoming rapidly irrelevant. How many people read hard copy newspapers these days? The number is rapidly diminishing. When you live for others' opinions, you are dead. - Carlos Slim Helu
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murchr		#37 Posted : Thursday, June 30, 2016 2:12:30 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Good move, but why scale down on Radio? They must be doing really bad. Radio is more digital than publishing newspapers. I saw this coming, they are rather slow though "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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KulaRaha		#38 Posted : Thursday, June 30, 2016 2:18:16 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		This is a global trend...its come to Kenya late due to our overpriced advertising rates. It will get worse. Business opportunities are like buses,there's always another one coming
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sparkly		#39 Posted : Thursday, June 30, 2016 2:41:37 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		NMG stagnated from around 2005. They have been massaging books and giving excuses of elections ohh, bad debts ohh, Tanzania ohh, Museveni ohh. I am happy to see them confront the truth and take some measures. Hope it's really about restructuring not just cutting costs Life is short. Live passionately.
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Pesa Nane		#40 Posted : Thursday, June 30, 2016 4:07:06 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		DBLyon wrote: Ericsson wrote: Paradigm shift is needed in the economy otherwise some companies will wind up. NMG is trying to stay afloat after making crazy decisions in the past years What crazy decisions, Ericsson? Spending a pretty penny on printing press while we should be running away from print, rationalizing everything else other than print which should be the main target, establishing QTV to target the 'wazee' and then having crazy music videos all day, fighting digital migration instead of embracing and benefitting as an early innovator, fighting establishments in the theatres they operate,....... on and on On paradigm shifts, agreed. I like to see companies that look like they are getting with the programme after surveying the environment. Very Okay This digital strategy thing shows some thought towards not becoming rapidly irrelevant. How many people read hard copy newspapers these days? The number is rapidly diminishing. Surprise, Surprise. Not only have they recently invested heavily, the print division has not been rationalized, nor merged, nor down scaled.... crazy The CEO and team did not see this coming and therefore can not claim to charter the way forward. They need to step aside. And for argument sake, I dare say radio is a frontier that will only grow. Wrong move NMG. Pesa Nane plans to be shilingi when he grows up.
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