Media24
announced today that it has accepted an offer from Novus Holdings to purchase
its community newspaper portfolio, subject to regulatory approval. This
includes all the Express titles in the Eastern Cape. Novus Holdings is the
printer of the Express titles.
However,
there will be no interruption in Express newspapers’ publishing schedule, and
it will continue to be business as usual for this portfolio under its new
ownership.
The transfer of the community newspaper
portfolio will take place once regulatory approval is granted.
Media24 also
announced today that it is contemplating the possible closure of the print
editions of five newspapers – Beeld, Rapport, City
Press, Daily Sun and Soccer Laduma – as well as the digital hub SNL24, and the
digital editions (PDF format) of Volksblad and Die Burger Oos-Kaap. At the same
time the company be transitioning Rapport, City Press and Daily Sun to digital-only
brands.
According
to a media statement, the
company has initiated a consultation process with affected staff at the five
newspapers and SNL24.
