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'Media24's merger to crush print rivals'
The Citizen
|November 07, 2024
Media24's proposed sale of its logistics business and closure of virtually all of its newspapers is a "carefully orchestrated strategy" to enhance its dominance of the South African media landscape.
This is the view of Riquadeu Jacobs, executive chair of Capital Newspapers, in court papers forming part of an application to interdict Media24 from finalising the transaction through which it would sell its distribution business On The Dot and its community newspapers to Novus Holdings, as well as closing the print editions of City Press, Rapport, Beeld and other print titles.
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