Redberry takes over The Malaysian Insider?
(fz.com) – Redberry Media group is a subsidiary of listed Ancom Berhad with Datuk Siew Ka Wei as its group managing director and chief operating officer, while Datuk Johari Razak is a non-Independent and non-executive chairman on the company’s board. Johari is the elder brother of Datuk Seri Najib Razak.
The Redberry Media Group is understood to have become a major shareholder of popular news portal The Malaysian Insider.
The announcement of the deal is expected after the general election.
Sources within Redberry have confirmed that the deal has already been concluded and it is part of the group’s plan to expand its media empire.
However, employees from both Redberry and The Malaysian Insider have been told to be tight-lipped regarding the takeover.
When contacted, The Malaysian Insider’s executive editor Leslie Lau denied that the news portal has been sold to Redberry.
The Malaysian Insider staff have been briefed on a new management and are expected to move into Redberry City together with the group’s paper, The Malay Mail by July.
The group is also considering if it will continue its deal for syndicated content from Malaysiakini, rival to The Malaysian Insider, for The Malay Mail.
Read more at: http://fz.com/content/redberry-takes-over-malaysian-insider
