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reporter Money Network That Media24 Plans to close several of its newspapers refuted Media24 Ishmet Davidson, CEO.
Davidson is quoted Commercial Live It said that “while the group continues to review its business operations, no decision has been made to close its print brands.”
The same sentence appears in Money Network The article stated, “Media24 continually reviews its operations to protect its viability and long-term sustainability in the context of the transformation to an increasingly digital media landscape. We will also continue to consult with employees on any potential and subsequent actions and remain committed to following due process. We do not comment on rumours or speculation, nor on the details of any internal processes.”
However Commercial Live Davidson said Money Network The report called the move “premature” and said it “caused anxiety among staff”.
Today, Thursday, June 13, MoneyWeb published a article said the media company would close four iconic newspapers; City news, reports, photos and Daily Sun.
Money Network Four sources at the media company independently confirmed the decision to shut down the sites.
It understands that the layoffs could be implemented in October.
According to further information, Money Network The only print publication still in circulation is the Cape Town-based Citizens.
Prominent journalists, editors and media commentators across the country quickly responded to the report on Twitter.
Beeld, City Press, Rapport and Daily Sun are set to close.
It’s a very bad day for SA media, and for SA’s democracy, as more and more of our news sources become less and less accessible the night after night, providing a gap for ad aggregators and fake news players…
— Chris Roper (@ChrisRoper) June 13, 2024
It’s a sad day for South African journalism.
End of an era: Media24 to shut down iconic newspaper #Moneyweb News – go through @maggsonmedia https://t.co/SoQLkAObz4 pass @Moneyweb
— Ryk van Niekerk (@Ryk_van_Niekerk) June 13, 2024
End of an era: Media24 to shut down iconic newspaper – Moneyweb https://t.co/CeL3vQUTZz
— Katy Katopodis (@KatyKatopodis) June 13, 2024
The last Audit Bureau (ABC) figures for South African recycling were for Q1 2024, and saw recycling volumes fall by 1.6% from the previous quarter to the current quarter.
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