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Naspers buys into Brazilian media

first_img8 May 2006South African media giant Naspers has acquired 30% of Abril, the largest magazine publisher in Brazil and one of the largest media companies in Latin America, for the sum of US$422-million (R2.5-billion).The purchase gives Naspers a stake in the growing Brazilian media market as well as in strong emerging markets worldwide, Naspers said on Monday.“The acquisition is in line with Naspers’s strategy to expand into new markets,” the company said.“In particular, the group is focused on the BRICSA countries (Brazil, Russia, India, China, South and sub-Saharan Africa), which present attractive growth opportunities.To date, Naspers has had some success in establishing a presence in China. This transaction will establish a solid presence in Brazil.“Brazil is an attractive market, where strong economic growth is expected to drive domestic media growth. The acquisition also provides Naspers with the opportunity to apply its expertise in emerging markets.”Big in BrazilAbril has a 54% share of magazine circulation and 58% of magazine advertising revenues in Brazil, and publishes five of the top 10 magazine titles in that country. Its flagship newsweekly, Veja, is the fourth-highest-selling weekly in the world. It has a circulation of some 1.1-million and an average readership of 8-million – the largest of any magazine not owned by a US-based group in the world.Abril also owns a pay-television network and is Brazil’s leading educational book publisher.Abril will use the proceeds of the sale to reduce debt and fund business expansion, Naspers said.After the transaction, the Civita family will hold 70% of Abril and Naspers 30%. Naspers will fund the deal from existing cash resources. Abril’s current management team, headed by chairperson and CEO Robert Civita, will continue to lead the company.Naspers is a multinational media company with principal operations in electronic media – including internet publishing and pay television – and print media, including publishing, printing and the distribution of magazines, newspapers and books.The company’s most significant operations are in South Africa, where it generates about 72.7% of its revenue, with other significant operations elsewhere in sub-Saharan Africa, Greece, Cyprus, the Netherlands, the US, Thailand and China.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Farm Bureau seeks delay of EPA rule

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The American Farm Bureau Federation and the National Association of State Departments of Agriculture have petitioned the Environmental Protection Agency to delay the January 2017 start date of its worker protection safety rule. AFBF and NASDA cited EPA violations of federal law as well as incomplete and undelivered compliance and enforcement tools to support their petition.According to the joint petition to EPA Administrator Gina McCarthy, the WPS rule was issued in violation of federal law. The proposal, Farm Bureau and NASDA told McCarthy, “fails to advance the purpose of furthering the safety of farmworkers.” The rule’s rapidly approaching implementation also poses “a serious problem for administration of the rule’s requirements” by state departments of agriculture as well as farmers and ranchers who must comply with its terms.“We ask EPA to delay the effective date to give NASDA members adequate time to prepare for compliance with the rule and to avoid the unfair and unredressable harm to farmers and ranchers,” the groups said.The petition from AFBF and NASDA claims EPA did not meet the law’s requirements when it failed to provide congressional agriculture committees a final copy of the regulations along with the copy sent to the agriculture secretary. The EPA has acknowledged that omission in responses to questions from Congress.“EPA’s failure to meet its statutory obligations deprived Congress of its lawful expectation of examining the regulation before its promulgation,” the petition states.The groups also claimed that the rule’s “designated representative” provision exceeds the scope of the WPS rule by depriving farmers of reasonable expectation of privacy for confidential business information. The groups say that the rule subjects farmers to potential harassment and public criticisms for lawful use of EPA-approved pesticides. In spite of the groups identifying problems related to equity and implementation of the WPS rule, EPA has not addressed the problems.The petition also asserts that the EPA has failed to finalize and deliver to state lead agencies the enforcement guidance, educational material and training resources needed to effectively implement the rule and assist farmers and ranchers with compliance efforts.“At this time, even if all of the compliance and enforcement materials were completed and distributed to all the appropriate state enforcement agencies, there is simply not enough time for the (state lead agencies) and the regulated community to successfully implement the provisions scheduled to take effect on January 1, 2017,” the petition states. “In short, EPA has failed to develop and deliver the necessary resources for states to train the regulated community on the new requirements, and the agency has failed to comply with its own WPS Implementation Timeline.”last_img read more

10 months agoGunnarsson: I’ve stayed in touch with Solskjaer; he told me this about Man Utd job…

first_imgGunnarsson: I’ve stayed in touch with Solskjaer; he told me this about Man Utd job…by Paul Vegas10 months agoSend to a friendShare the loveCardiff City attacker Aron Gunnarsson is backing Ole Gunnar Solskjaer for success at Manchester United.Gunnarsson says Solskjaer’s standing as a United legend will give him a much better chance of success than when in charge of Cardiff when he struggled badly amid major turmoil at the club.Cardiff midfielder Gunnarsson said: “He came in with a positive attitude, looking at the game in a different way. He tried to impact his style of football.“Unfortunately it didn’t work but he’s got a good squad at Man United and all the very best to him. It’s a different job.”The fans know him as a legend. He’s given them good times before and it’s for them to re-live that moment again.“I talked to him afterwards, I kept in touch with him after he left.”He said to me it was a dream job for him to come and manage Man United because he was a player there for years and knows the club inside and out and it’s going to life the fans as well having him on the side-line.”All the very best to him.” About the authorPaul VegasShare the loveHave your saylast_img read more

Crayola announces name of new blue hue

first_imgHello, Bluetiful.Crayola announced the name of its new blue crayon Thursday. Bluetiful was the top pick of fans during two months of online voting, beating out Dreams Come Blue, Blue Moon Bliss, Reach for the Stars and Star Spangled Blue.The Easton, Pennsylvania-based crayon maker received nearly 90,000 name submissions before narrowing it down to five.Bluetiful will make its debut later this year. It’s replacing the recently retired dandelion.Scientists at Oregon State University accidentally discovered the brilliant blue hue while experimenting with materials for use in electronics.Crayola is a subsidiary of Hallmark Cards Inc., headquartered in Kansas City, Missouri.last_img read more

Standing Committee to summon Facebook executives to appear at the International Grand

first_imgOTTAWA, O.N. – The Standing Committee on Access to Information, Privacy and Ethics has unanimously adopted motions to summon Facebook executives to appear at the International Grand Committee on Big Data, Privacy and Democracy in Ottawa on May 28.Committee Chair, M.P. Bob Zimmer, says Facebook executives have repeatedly ignored requests to appear before the Committee and that it is Mark Zuckerberg’s and Sheryl Sandberg’s duty to answer questions from international lawmakers about the social media platform’s privacy and data practices.“Mark Zuckerberg has repeatedly ignored our committee’s invitation to appear and personally give testimony regarding the handling of Canadians’ private information on his platform. He also refused to appear before the first meeting of the International Grand Committee in London, UK. It is clear from the motions’ unanimous support that our committee feels strongly that Mark Zuckerberg and his COO Sheryl Sandberg have a duty to appear before the International Grand Committee on Big Data, Privacy and Democracy and answer questions from lawmakers representing over 372 million citizens worldwide.” Representatives from at least 10 countries, including Canada, will be participating in the International Grand Committee on Big Data, Privacy and Democracy, including Argentina, Chile, France, Germany, Ireland, Latvia, Singapore, Ukraine, and the United Kingdom.last_img read more

Cancer survivor delivers baby via IVF

first_imgKolkata: A 30-year-old woman, who was detected with cancer in 2015 and had undergone a surgery that led to the removal of her right side ovary, recently delivered a girl at a city hospital.The woman, a resident of Chandannagore in Hooghly, was newly-married when she was detected with the disease. She had a harrowing time when she came to know about it. Her desire to be a mother was almost shattered till she consulted Dr Biswajyoti Guha, a city-based doctor, who instilled confidence in her and helped her to conceive the baby. Also Read – Centuries-old Durga Pujas continue to be hit among revellersIn 2015, the patient had an oophorectomy on the right side ovary under the treatment of Dr AP Majumder, a renowned oncology surgeon, who is no more. At that time, the woman had undergone chemotherapy and Dr Majumder had requested Dr Guha to take necessary measures to ensure the woman conceived and became a mother. The woman has been under Dr Biswajyoti Guha’s treatment for a long time and conceived twice. However, both the times, she suffered miscarriages during initial weeks of pregnancy. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaAfter she suffered miscarriages, Dr Guha referred her to Dr Kaushiki Roy, who gave her necessary advice and guidelines. After a prolonged effort, she became pregnant through IVF treatment. Her health condition was also not stable and this was the major concern of the doctors, who had been treating her. According to Dr Guha, the patient had developed gestational diabetes and obstetric cholestasis during pregnancy. The doctors had taken all kinds of preventive measures to ensure that the woman delivers the baby without any complications. A few days ago, the woman gave birth to a baby girl with the help of a team of doctors— surgeons Dr Biswajyoti Guha , Dr Satyen Das, Dr Aparupa Ghosh , neonatologist Dr Runa Majumdar , anaestesist Dr Shamik Nandi and Dr Avik.last_img read more

Pleasant Tuesday morning in Delhi

first_imgNew Delhi: It was a pleasant Tuesday morning in the national capital with the minimum temperature recorded at 12.8 degrees Celsius, three notches below the season’s average, the Met said. “The sky will remain partly cloudy,” an India Meteorological Department (IMD) official told IANS. The humidity at 8.30 a.m., was recorded at 80 per cent. The city received 0.6 mm of rain in last 24 hours. The maximum temperature was expected to hover around 27 degrees Celsius. The overall Air Quality Index (AQI) of Delhi at 8.30 a.m. was recorded at 172, which is moderate. Monday’s maximum temperature settled at 8.4 degrees Celsius, one notch below the season’s average while the minimum was 12.4 degrees Celsius, two notches below the normal.last_img read more

Sikkim Police constable on poll duty feared drowned in Ganga

first_imgKolkata: A constable of Sikkim Police, who had come to Bengal on poll duty, reported went missing while he was bathing in river Ganga at Jangipur in Murshidabad.Despite extensive search operations the police constable was not found till Sunday. According to sources, a few sections of Sikkim Police have been deployed in Bengal as Central Forces for the Lok Sabha elections. They have been sent to Jangipur for the third phase of elections, which is scheduled on Tuesday. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaBefore the poll duty, some of the police personnel decided to spend some time to explore the area. On Saturday afternoon, five constables of Sikkim Police, including the missing one identified as Ningur Chiring Lepcha, went to the bank of Ganga. All of them were taking a bath in the river when suddenly one of them noticed that Lepcha was missing. After waiting for him for almost one hour other constable informed their unit and superiors about the incident. Also Read – Bengal civic volunteer dies in road mishap on national highwayImmediately, police personnel from Raghunathgunj Police station went to the spot along with divers and started a search operation. Some local residents also went to the river to search for the missing police constable. However, till night Lepcha could not be traced. Again from Sunday morning search operation was conducted but till evening there was no trace of Lepcha. Sources informed that the search operation will continue on Monday as well. Lepcha’s family members have been informed in Sikkim. Other police stations adjacent to the Raghunathgunj police station area have been asked to keep a vigil on the banks of the Ganga. They have provided with the details about Lepcha’s physical description.last_img read more

Commentary Big beards lead to playoff success

For sports fanatics all throughout the country, the months of April and May can deliver some of the most suspenseful and extraordinary performances of the year, with both the NBA and NHL playoffs under way. Over the past few years, a link between both sports is growing: the sudden appearance of facial hair during the playoffs. For even the most casual of hockey fans, this comes as no news. Growing a beard for the length of the playoffs has become more than a tradition for the athletes who play on ice. It is an unquestioned habit. According to John McGourty of the NHL’s official website, the 1980 New York Islanders were the original bearers of the playoff beard. Dave Lewis, a defenseman who was part of that team was quoted as saying, “It was part of the unity of our team, and I think we thought we probably looked a little more rugged with beards.” Whatever the reason, it sure worked. The Islanders won four consecutive Stanley Cups between 1980 and 1983. Then the tradition suddenly died. Eleven years later, the New Jersey Devils resurrected this tradition by dropping their razors, and, surely not by coincidence, they hoisted the Stanley Cup that year. Ever since, it has been practically an unspoken commandment for each player on a playoff-bound team to let the facial follicles run wild until they either win or are eliminated. Of course, this often can result in some of the most hilarious excuses for beards (refer to Jonathan Toews circa 2010, Sidney Crosby circa whenever). In 2006, the trend seemed to have reached the hardwood, as then-Cleveland Cavalier Zydrunas Ilgauskas and another player, who shall remain unnamed, decided to give the tradition a shot. However, the following year Ilgauskas decided not to bring back the beard, alluding to itchiness and spousal criticism as his main reasons. (On a side note, it should be known that Cleveland did not win a championship in 2006, likely because of the fact that only a small handful of the players on the team were sporting face carpets, violating a critical rule in the code of playoff beard-ism.) In March, the Memphis Grizzlies organization decided they would adopt this tradition and, according to their team website, plan on giving out prizes to fans who join the players in foregoing shaving. The potential strength of playoff beard unity was on full display this past week as the eighth-seeded Grizzlies upset the heavily favored San Antonio Spurs, who were not sporting any more facial hair than usual. An integral part of the bearded bunch in Memphis, Tenn., is former Ohio State basketball star Mike Conley Jr., who played on the 2007 Buckeyes team that went to the National Championship. This superstition is not limited to the ice and hardwood. Aaron Rodgers and Ben Roethlisberger both lead their teams to the Super Bowl with strong arms and even stronger sets of facial hair. Those who have undergone this tradition, whether for unity, superstition or some other unknown reason, are not truly given enough credit. For the victors of the NHL playoffs, the razor is ignored for upward of three months. Three months without a shave. In just a few weeks, the beard becomes not only a burden for the bearers, but for their wives and children as well. Washington Capitals defenseman Karl Alzner recently told the National Post that his “lady almost shaved (his) beard off, because she didn’t really like it too much.” Luckily for Alzner and the rest of the Capitals, he quickly stopped her from doing so. Naturally, his team remains in the playoffs. The commitment these fierce and fuzzy athletes undergo each spring simply for a bit of good karma has certainly become the most underappreciated tradition in all of sports. The playoff beard tradition transcends race. It has made an appearance in nearly every major sport in not only our country, but numerous countries across the world. Playoff beards are apparently no longer even exclusive to the athletically gifted, as thousands of fans ditch their razors to display support. This hairy phenomenon has transcended virtually every barrier, aside from gender. Nevertheless, I find myself quite content with that. read more