Media24 considers massive changes including closure of 5 magazines

Media24 considers massive changes including closure of 5 magazines

- Media24 has announced it will start consultations with staff about the possible closure of five magazines and two newspapers

- The publisher will also consider taking two newspapers digital only and reducing staff in related support services.

- This restructuring process is expected to affect 1 100 jobs

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The decline of print media has been an ongoing phenomenon for the past decade and the Covid-19 pandemic could be a catalyst for several media houses.

Publisher Media24 has announced a number of closures and restructuring in its newspaper and magazine portfolio, which will affect 1 100 jobs.

Media24 said they are considering the closure of five magazines and two newspapers, outsourcing and reducing the frequency of its remaining monthly magazines.

The publisher is also considering taking two newspapers digital and reducing staff in related support services.

Media24 will be moving some of its publications online

Media24 will be moving some of its publications online
Source: UGC

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According to a media statement from Media24, the company will start consultations with staff today, said IOL.

The planned interventions are expected to affect 510 staff members (with a proposed reduction of close on 660 positions) out of a total staff complement of 2 971 across print media and the distribution divisions.

Drum magazine, a title that has a South African staple which started as a symbol of defiance against apartheid, will no longer to be physically printed and will instead be online only.

The restructuring, among others, will include:

  • Drum magazine, a title that has a South African staple which started as a symbol of defiance against apartheid, will no longer to be physically printed and will instead be online only.
  • Move! and the Hearst portfolio (Men’s Health, Women’s Health, Bicycling, Runner’s World) will be closed.
  • Closing Son op Sondag and Sunday Sun.
  • Closing the Eastern Cape edition of Son.
  • Closing four community newspapers in KwaZulu-Natal: Amanzimtoti Fever, East Griqualand Fever, Hillcrest Fever and Maritzburg Fever.
  • Accelerating the digital transition of The Witness.
  • Publishing Volksblad and Die Burger Oos-Kaap as weekday digital editions only, available as complete PDFs on Netwerk24.

There will also be a staff reduction in Media24's media distribution business and as well as in divisional and corporate services related to the proposed reduced print media operations.

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Source: Briefly.co.za

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