The consolidation of Dubai’s media assets appears to have begun, with ownership of Al Bayan newspaper switching from the Arab Media Group to Dubai Media Inc (DMI).
Najla Al Awadhi (pictured), deputy CEO of DMI, said in an interview with Campaign in June: “I would think in the next couple of months you will see some interesting changes in the media landscape of Dubai. There definitely is going to be a drive to consolidate media assets, with synergies between the Dubai media assets, us being one of them, amongst many other assets which are media related.”
The switch of ownership of Al Bayan, including assets, properties, commitments and rights, is the result of a directive from Sheikh Mohammed Bin Rashid Al Maktoum, ruler of Dubai.
According to the announcement, all employees of Al Bayan will be transferred from the Arab Media Group to DMI in order to offer the best service for readers. Further consolidation is on the cards.