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Nation Media Group

From Wikipedia, the free encyclopedia

Not to be confused withNation Multimedia Group.
Nation Media Group
Company typePublic
KN:NMG
IndustryMedia
Founded1959
HeadquartersNation Centre, Kimathi Street,Central Nairobi
ProductsNewspapers,magazines,radio stations,television stations
Number of employees
1,400 (2004)Edit this on Wikidata
Websitewww.nationmedia.com

Nation Media Group(NMG), formerly known asEast African Newspapers (Nation Series) Ltd,is anEast Africanmedia group based in Kenya and listed on theNairobi Stock Exchange.It is owned byAga Khan IV.

History

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NMG was founded in 1959 byAga Khan IVas East African Newspapers (Nation Series) Ltd,[1]under theAga Khan Fund for Economic Development.In 1999, NMG launchedNTV,a news channel in Kenya, andEasy FM(now known as Nation FM).[2]

Media outlets

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As of 2007 the group was the largest private media house inEastandCentral Africa,with offices in Kenya, Uganda, and Tanzania.[2][needs update]

The group publications include:

TheDaily Nationand its Sunday edition, theSunday Nation,celebrated their50th anniversariesin 2010, branded by the Nation Media Group as "50 Golden Years".[3][citation needed]

Regional Presence

As of 2016NMG owned a 76.5% stake in theMonitor Publications Limitedand 93.3 KFM, aKampala-based radio station in Uganda. It also owns two television stations in the country,NTV Ugandaand Spark TV.[4]NMG also has a 60% shareholding inMwananchi Communications Limited'in Tanzania. The group's East African subsidiaries, especially the Tanzanian business, contribute significantly to growth in the group.[4]

In March 2016, NMG commissioned a new state-of-the art printing press on Mombasa Road in Nairobi. The new facility has capacity to print 86,000 newspapers per hour. It cost KSh2 billion (about US$20 million) and will print the dailiesDaily Nation,Business Daily,Taifa Leoand the weeklyThe EastAfrican.[5]

Shareholding

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The shares ofstockof the Group are listed at the Nairobi Stock Exchange[6]and are cross-listed at theUganda Securities Exchangeas well as theRwanda Stock Exchange,trading at all three bourses under the symbol "NMG".[7]As of December 2014,there were a total of 10,436 shareholders in the company. Of these, 4,135, owned 1 to 500 shares each, with a cumulative total of 782,157 shares, controlling 0.41 percent of the company. The seven largest shareholders controlled 62.57 percent of the total shareholding. These included:

Awards

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  • 2021 IF Design Awards for an outstanding digital platform[9]
  • 2021 Global Media Awards (by the International News Media Association (INMA))[10]
  • 2022 Global Media Awards[11]

See also

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References

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  1. ^"Breaking News, Kenya, Africa, Politics, Business, Sports".Bizna Kenya.15 March 2021.Retrieved6 January2024.
  2. ^ab"Aga Khan Fund for Economic Development: Media Services".Aga Khan Fund for Economic Development.2007. Archived fromthe originalon 8 April 2016.Retrieved31 March2015.
  3. ^"Partial Listing of Nation Media Group Publications".Daily Nation(Nairobi).2014.Retrieved31 March2015.
  4. ^abNgigi, George (22 March 2016)."Nation Media Group keeps full-year dividend level but profits lag".Daily Nation.Nairobi.Retrieved26 October2016.
  5. ^Ngirachu, John (17 March 2016)."Aga Khan commissions new 'Nation' press".The EastAfrican.Nairobi. Archived fromthe originalon 17 March 2016.Retrieved17 March2016.
  6. ^"Nairobi Stock Exchange: Listed Companies".Nairobi Stock Exchange.31 March 2015. Archived fromthe originalon 28 September 2020.Retrieved31 March2015.
  7. ^"Uganda Securities Exchange: Listed Securities".Kampala:Uganda Securities Exchange(USE). 26 October 2016. Archived fromthe originalon 25 April 2015.Retrieved26 October2016.
  8. ^Dhahabu (10 September 2016)."Top ten Nation Media Group shareholders".Nairobi: Dhahabu.co.ke. Archived fromthe originalon 27 October 2016.Retrieved26 October2016.
  9. ^"Nation Media Group bags two awards at the 'Oscars of Design' – The Nation Media Group".Retrieved5 August2022.
  10. ^"Nation Media Group Brands Win Six Global Awards – The Nation Media Group".Retrieved5 August2022.
  11. ^"NMG wins top award in 2022 Global Media Awards – The Nation Media Group".Retrieved5 August2022.
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