Media24 will reportedly be closing 4 of its print publications in October, including Daily Sun, Beeld, Rapport and City Press.
This according to a report by Moneyweb which cites four sources have confirmed the media house’s decision to shut down some of its mainstream publications.
In 2020, due to the Covid-19 pandemic, Media24 considered the closure of 5 magazines and 2 newspapers.
A total of 510 positions were impacted and the company consolidated several positions in a long-term restructuring process.
It is now reported that a rapid decrease in circulation numbers has led to the decision to shut down the 4 publications mentioned above.
As reported by Moneyweb, it is unknown whether Media24 will continue with the online brands for these publications which lives as sub-sections under News24 and Netwerk24 websites.
Rapport’s circulation reportedly fell from 335 000 in 2000 to just 60 000 in 2024.
City Press declined from 233 000 to just 14 000, while the Beeld dropped from 100 000 to 20 000.
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