Media24

Media24
Subsidiary
Industry Print Media
Founded December 18, 1914 (establishment of Naspers) August 1, 2000 (establishment of Media24)
Headquarters Cape Town, South Africa[1]
Area served
 South Africa
Key people
 Ishmet Davidson (CEO)
Mobasheer Patel (CFO)[2]
Products Newspapers, Magazines, Books, Logistics, Ecommerce, Digital
R5.5 billion (2010)
Parent Naspers
Website www.media24.com

Media24 is the print media arm of the South African media company Naspers. It controls Naspers' newspaper and magazine Southern African publishing as well as printing activities but also includes the internet activities 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.

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

Welkom Yizani

Welkom Yizana is a black empowerment share scheme launched by Media24 in September 2006.[3] This scheme owns 15% 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]

Criticism

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]


Publications

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

Magazines

Newspapers

Local Sold Newspapers

  • Paarl Post
  • Hermanus Times
  • District Mail
  • Eikestadnuus
  • Worcester Standard
  • Weslander

Local Free Newspapers

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

Books

  • NB Publishers
  • Via Afrika
  • Collegium
  • Van Schaik Publishers
  • Jonathan Ball Publishers

See also

References

  1. 1 2 "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. ↑ https://www.moneyweb.co.za/news/companies-and-deals/media-24-admitted-to-price-fixing/


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