Media24

Media24 is the print media division of the South African media company Naspers. It controls Naspers' newspaper and magazine Southern African publishing and printing activities, including Internet publishing of the 24.com collection of web portals. Media24 is Africa's largest publisher, printer, and distributor of magazines and related products, as well its largest newspaper publisher.

Media24
TypeSubsidiary
IndustryPrint Media
FoundedDecember 18, 1914 (establishment of Naspers) August 1, 2000 (establishment of Media24)
Headquarters
Area served
South Africa
Key people
Ishmet Davidson (CEO)
Mobasheer Patel (CFO)[2]
ProductsNewspapers, Magazines, Books, Logistics, Ecommerce, Digital
ParentNaspers
Websitewww.media24.com

The company is headquartered in the Media24 Centre, in Foreshore, Cape Town.[1]

Welkom YizaniEdit

Welkom Yizani is a black empowerment share scheme launched by Media24 in September 2006.[3] This scheme owns 15 percent of Media24, a subsidiary of Naspers Ltd. Media24 received R1.4 billion after the unbundeling of Novus Holdings in 2017. At the Media24/Welkom Yizani annual general meeting it was announced that shareholders will receive a special cash dividend of not less than R14.79 per Welkom Yizani ordinary share. In addition, the board declared an ordinary dividend of 42.5 cents per share.[4]

CriticismEdit

16 March 2018 Media24 agreed to pay R14 million as a settlement agreement with the Competition Commission after admitting to price fixing and fixing of trade conditions in the media industry.[5]

PublicationsEdit

 
The new façade of the Media24 Centre (previously named the Naspers building) in Cape Town, 2015

MagazinesEdit

NewspapersEdit

Online PublicationsEdit

Local sold newspapersEdit

Local free newspapersEdit

  • Uitenhage Despatch News
  • PE Express
  • Kouga Express
  • Umthatha Express
  • Queenstown Express

BooksEdit

  • NB Publishers
  • Via Afrika
  • Collegium
  • Van Schaik Publishers
  • Jonathan Ball Publishers[6]

See alsoEdit

External linksEdit

ReferencesEdit

  1. ^ a b "About Media24". Media24. Retrieved 2016-08-10.
  2. ^ "Management Team". Media24. Retrieved 2016-08-10.
  3. ^ "Welkom Yizani - Media24.com". www.media24.com. Retrieved 2018-02-27.
  4. ^ "Surprise bonus for Welkom Yizani shareholders". Fin24. Retrieved 2018-02-27.
  5. ^ Aarti Bhana, "Media24 fined for price fixing", Moneyweb, 16 March 2018.
  6. ^ Jonathan Ball Publishers website.