New investments cause Johncom profit knock

NEWSWATCH: Avusa (formerly Johncom), which plans to split its media and entertainment assets listing by the end of the first quarter of 2008 according to Business Day, has taken a R33 million profit knock because of its new titles The Weekender and The Times and in its digital online business, writes Business Report. The latter also reports that Telkom Media has acquired a 49% stake in Namibian free-to-air TV operator One Africa Television.