Media24
{{Short description|Print media division of Naspers based in Cape Town, South Africa}}
{{primary|date=January 2024}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = Media24
| logo = Media24 Logo.svg
| logo_size = 250px
| caption =
| image = Naspers Media24 building.jpg
| image_caption = The Media24 Center in Cape Town
| type = Subsidiary
| genre =
| fate =
| predecessor =
| successor =
| foundation = 18 December 1914 (establishment of Naspers) 1 August 2000 (establishment of Media24)
| founder =
| defunct =
| location_city = Cape Town, South Africa{{cite web|url=http://www.media24.com/about/ |title=About Media24 |author= |publisher=Media24 |date= |accessdate=2016-08-10}}
| location_country =
| location =
| locations =
| area_served = South Africa
| key_people = Ishmet Davidson (CEO)
Raj Lalbahadur (CFO){{cite web|url=http://www.media24.com/the-team/ |title=Management Team |author= |publisher=Media24 |date= |accessdate=2016-08-10}}
| industry = Print Media
| products = Newspapers, Magazines, Books, Logistics, Ecommerce, Digital, Television
| production =
| services =
| revenue =
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner =
| num_employees =
| parent = Naspers
| divisions =
| subsid =
| homepage = {{URL|http://www.media24.com/}}
| footnotes =
| intl =
}}
Media24 is a South African mass media company with interests in digital media and services, newspapers, magazines, ecommerce, publishing, television, logistics, and distribution.
Established in 2000, and owned by Naspers, the company is headquartered in the Media24 Centre, in the Foreshore, Cape Town.
Background
= Welkom Yizani =
Welkom Yizani is a share scheme launched by Media24 in September 2006.{{Cite web|url=http://www.media24.com/welkom-yizani/|title=Welkom Yizani - Media24.com|website=www.media24.com|language=en|access-date=2018-02-27}} 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.{{Cite news|url=https://www.fin24.com/Tech/Companies/surprise-bonus-for-welkom-yizani-shareholders-20170829|title=Surprise bonus for Welkom Yizani shareholders|work=Fin24|access-date=2018-02-27}}
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.{{fact|date=March 2025}}
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.Aarti Bhana, [https://www.moneyweb.co.za/news/companies-and-deals/media-24-admitted-to-price-fixing/ "Media24 fined for price fixing"], Moneyweb, 16 March 2018.
Publications
File:Media24-sentrum nuwe vooraansig 2015.jpg
Media24 publishes across assorted mediums, under a wide variety of names, including:
=Magazines=
- Baba & Kleuter
- Fairlady
- Huisgenoot
- Kuier
- Landbouweekblad
- Lose It
- Man Magnum
- SA Jagter
- SARIE, SARIE Bruid, and SARIE Kos
- Tuis/Home
- TvPlus
- Weg!/go!, Weg! Platteland/go! Platteland, and 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, and Careers24
- Business Insider
=Books=
- NB Publishers
- Via Afrika
- Collegium
- Van Schaik Publishers
- Jonathan Ball Publishers[http://www.jonathanball.co.za/ Jonathan Ball Publishers] website.
TV channels
=VIA=
VIA is a 24-hour Afrikaans lifestyle channel.Media24. [https://www.media24.com/lifestyle-tv/via VIA] Retrieved 3 July 2021.
Via is available on MultiChoice's DStv platform on channel 147 since 9 November 2015.
=Honey=
File:Honey TV logo (Black).png
Honey is a lifestyle TV channel. It has a mix from lifestyle to reality, food, and culture across the African continent.Media24. [https://www.media24.com/lifestyle-tv/honey HONEY] Retrieved 3 July 2021.
The channel was available on MultiChoice's DStv platform on channel 173 from 15 February 2021 until 31 October 2023.{{Cite web |last=Ferreira |first=Thinus |title='Farewell to Honey TV': DStv confirms closure of the Pan-African lifestyle channel |url=https://www.news24.com/life/arts-and-entertainment/tv/farewell-to-honey-tv-dstv-confirms-closure-of-the-pan-african-lifestyle-channel-20231016 |access-date=2024-01-09 |website=Life |language=en-US}}
See also
References
{{Reflist}}
{{Media24}}
{{Authority control}}
Category:Companies based in Cape Town