Media24

Media24
Company typeSubsidiary
IndustryPrint Media
FoundedDecember 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)
Raj Lalbahadur (CFO)[2]
ProductsNewspapers, Magazines, Books, Logistics, Ecommerce, Digital, Television
ParentNaspers
Websitewww.media24.com

Media24 is a South African media company with interests in digital media and services, newspapers, magazines, ecommerce, book publishing, television, logistics and distribution. It is part of a multinational group of media and ecommerce platforms.

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

Background

Welkom Yizani

Welkom Yizani is a 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 unbundling 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]

Shareholders of Welkom Yizani accepted Media24’s cash offer to buy out all the shares at a special general meeting held on 22 January 2021. The transaction has been concluded, Welkom Yizani was delisted from the Equity Express Securities Exchange (EESE) and the scheme has been unwound.

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 Media24 Centre (previously named the Naspers building) in Cape Town, 2015

Magazines

  • Baba & Kleuter
  • Fairlady
  • Huisgenoot
  • Kuier
  • Landbouweekblad
  • Lose It
  • Man Magnum
  • SA Jagter
  • SARIE
  • SARIE Bruid
  • SARIE Kos
  • Tuis/Home
  • TvPlus
  • Weg!/go!
  • Weg! Platteland/go! Platteland
  • WegRY & Sleep / go! Drive & Camp
  • YOU
  • Your Baby & Pregnancy

Newspapers

  • Beeld
  • Bloemnuus/news
  • Breederivier Gazette
  • City Press
  • City Vision
  • Daily Sun
  • Die Burger
  • District Mail & Helderberg Gazette
  • Eikestadnuus
  • Express
  • Hermanus Times
  • Isolomzi Express
  • Kouga Express
  • Mid-Karoo Express
  • Mthatha Express
  • Noordkaap Express
  • Paarl Post
  • Rapport
  • Son
  • Swartland Gazette
  • TygerBurger
  • UD Express
  • Vista
  • Volksblad
  • VrystaatKroon
  • Weskus Nuus
  • Weslander

Online publications

  • News24
  • Netwerk24
  • Careers24
  • Business Insider

Books

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

TV channels

VIA

Main article: VIA (TV channel)

VIA is a 24-hour Afrikaans lifestyle channel.[7]

Via is available on MultiChoice's DStv platform on channel 147 since 9 November 2015.

Honey

Main article: Honey (TV channel)

Honey is a lifestyle TV channel. It has a mix from lifestyle to reality, food, and culture across the African continent.[8]

The channel was available on MultiChoice's DStv platform on channel 173 from 15 February 2021 until 31 October 2023.[9]

See also

References

  1. ^ a b "About Media24". Media24. Retrieved 10 August 2016.
  2. ^ "Management Team". Media24. Retrieved 10 August 2016.
  3. ^ "Welkom Yizani - Media24.com". www.media24.com. Retrieved 27 February 2018.
  4. ^ "Surprise bonus for Welkom Yizani shareholders". Fin24. Retrieved 27 February 2018.
  5. ^ Aarti Bhana, "Media24 fined for price fixing", Moneyweb, 16 March 2018.
  6. ^ Jonathan Ball Publishers website.
  7. ^ Media24. VIA Retrieved 3 July 2021.
  8. ^ Media24. HONEY Retrieved 3 July 2021.
  9. ^ Ferreira, Thinus. "'Farewell to Honey TV': DStv confirms closure of the Pan-African lifestyle channel". Life. Retrieved 9 January 2024.

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