MultiChoice will also pay R8 million to the Economic Development Fund over three years, to enable the development of black-owned small media.
JOHANNESBURG - More than 60 parties have registered an interest to bid for a proposed new, black-owned news channel, MultiChoice said on Monday.
It comes after the satellite television provider announced in January that it will remove formerly Gupta-owned ANN7 from its DSTv bouquet come August.
“We’re delighted and overwhelmed with the response,” Calvo Mawela, CEO for MultiChoice South Africa said in a statement.
Mawela said the company is "encouraged that we’ll be able to offer South Africans another local news channel, which will add to the diversity of news on DStv.”
Parties who wish to register their intention to bid have until April 20 to do so.
Following an evaluation process, the successful bidder will be notified by July 31.