The media joint venture of Avusa Media and Pearson, BDFM announced plans to discontinue publication of its "Big News for the Business Owner" newspaper soon, according to a report by MediaUpdate.co.za yesterday.
"Closing Big News does not mean the company has lost faith in the small business market; it is just that, perhaps, under the circumstances, Big News had the odds stacked against it," BDFM managing director Mzi Malunga was quoted as saying by BizCommunity.com. "I would like to take this opportunity to pay tribute to the hard working Big News team, especially its editor, Samantha Kalisa."
Since its launch in 1996, the South African newspaper has been providing a voice to small and medium business owners, while helping them grow their businesses and create jobs. It has also been a part of the BDFM media brands that include titles such as Business Day, the Financial Mail, Summit TV and The Home Channel, MediaUpdate.co.za reported yesterday.
Around 80,000 copies of the newspaper have been distributed monthly, BizCommunity.com reported. Malunga further added that the "details of the newspaper's winding-down process will be communicated to the rest of the business in coming weeks."