Fingaz to launch evening daily next month
Modus Publications publishers of The Financial Gazette, will soon launch a daily evening paper – as early as next month.
In a statement released yesterday, the chief executive officer (CEO) of The Financial Gazette, Jacob Chisese, revealed that the launching of The Daily Evening Gazette was imminent.
The Fingaz CEO said his team has been quietly burning the midnight oil putting together the project after successfully applying for a licence to operate the daily from the Media and Information Commission in 2007.
While The Daily Evening Gazette could have rolled its first copy from the printing press in 2007, a decision was made to delay the launch until an opportune time.
A number of companies which were critical sources of raw materials consumed by the country’s newspapers nearly collapsed last year.
Newspapers were not spared by the harsh operating conditions with the unfashionable price controls, abandoned at the beginning of February, making the environment unviable for greenfield projects.
The situation has since improved following the deregulation of the country’s economy in January.
Chisese said his team now believes the time is ripe to launch The Daily Evening Gazette and quench the thirst for an independent daily that has existed in the market for the past six years.
“The success of The Daily Evening Gazette would be underpinned by the strength of its management and its fearless, balanced, fair and authoritative reporting,” said the Fingaz CEO. “A lot of ground has been covered in capitalising the project, putting in place appropriate equipment, raw materials and the expertise ahead of the launch”.
From next week, The Daily Evening Gazette would go into top gear to fill the remaining vacant positions.
Chisese said The Daily Evening Gazette will not disappoint readers who have shown confidence in the company by ensuring that The Financial Gazette maintains its leadership in readership among the country’s business weeklies.
By launching the new product, Chisese said the company was filling the gap in the country’s media, particularly in the dailies section where The Herald and The Chronicle, which circulates in Bulawayo, are the only dailies operating in Zimbabwe.
“The company is also diversifying its portfolio to minimise risk while widening its income streams,” said Chisese.
Posted by Wellington Chadehumbe
on April 16, 2009. Filed under Local News.
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