South African Media24 plans to close several print publications and lay off about 400 employees while focusing on digital news brands and selling print operations to Novus Holdings.
South African media company Media24 plans to close several print publications, including Beeld, Rapport, City Press, Daily Sun, and Soccer Laduma, and shut down digital versions of Volksblad, Die Burger Oos Kaap, and digital hub SNL24, resulting in the loss of about 400 jobs. The company will focus on its digital news brands, News24 and Netwerk24, and sell its print operations to Novus Holdings.
June 18, 2024
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