Caxton back in court to fight Media24, Novus deal

JSE-listed Caxton and privately run Capital Newspapers have announced that they are taking their legal battle directly to the Constitutional Court (ConCourt), following the Competition Appeal Court's ruling that allowed Media24 to shut down several of its print publications, including Beeld, Rapport, City Press, and Daily Sun.

- Jeremy Maggs

The ruling, delivered on Christmas Eve last year, cleared the way for Media24 to proceed with a major restructuring, which included closing its print operations and selling its distribution subsidiary, On the Dot, to Novus Holdings.

Paul Jenkins, chair of Caxton, has voiced strong concerns about the impact of this decision on South Africa's media landscape.

"The closure of these Media24 newspapers marks a critical moment for journalism in the country. "We believe a different legal interpretation may yield another outcome," he said at the weekend.