Media24’s head office in Cape Town (Graeme Williams/Bloomberg via Getty Images)
Media24 has announced it is considering closing the print editions of five newspapers, selling its media logistics business, and offloading its community newspaper portfolio as it seeks to build a “fully digital” future.
The media group said the grand restructuring could result in 400 job losses, with another 400 positions transferring to other companies.
Media24 CEO Ishmet Davidson made the announcements at a town hall meeting with staff on Tuesday.
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