Type Public Industry Media Founder Aga Khan IV Headquarters Nairobi | Traded as KN: NMG Website nationmedia.com Founded 1959 | |
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Products Newspapers, magazines, radio stations, television stations CEO Joseph Muganda (1 Jul 2015–) Subsidiaries NTV, NTV Uganda, Mwananchi Communications Profiles | ||
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Nation Media Group (abbreviated as NMG) is a Kenyan media group listed on the Nairobi Stock Exchange. NMG was founded by Aga Khan IV in 1959 and is the largest private media house in East and Central Africa with offices in Kenya, Uganda, and Tanzania. In 1999, NMG launched NTV, a news channel in Kenya, and Easy FM.
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Media outlets
The group publications include The EastAfrican, Daily Nation, Business Daily Africa, Daily Monitor, The Citizen, NMG Investor Briefing, Taifa Leo and Zuqka. The Daily Nation and the Sunday edition of the same newspaper, the Sunday Nation, cerebrated their 50th anniversaries, branded by the Nation Media Group as 50 Golden Years, in 2010.
NMG owns a 76.5% stake in the Monitor Publications Limited and 93.3 KFM, a Kampala-based radio station in Uganda. It also owns two television stations in the country, NTV Uganda and Spark TV. NMG also has a 60% shareholding in Mwananchi Communications Limited' in Tanzania. The group's East African subsidiaries, especially the Tanzanian business, contribute significantly to growth in the group.
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 dailies Daily Nation, Business Daily, Taifa Leo and the weekly The EastAfrican.
Shareholding
The shares of stock of the Group are listed at the Nairobi Stock Exchange and are cross-listed at the Uganda Securities Exchange as well as the Rwanda Stock Exchange, trading at all three bourses under the symbol "NMG". As at 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: