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Media24 has announced the closing of numerous venerable newspapers, including City Press, Rapport, Beeld, and the Daily Sun, in a significant move that marks the end of an era. This choice is a clear indication of the company’s strategy change toward a digital-first approach in response to changing trends in media consumption.reports that the shutdown, scheduled for October, signifies a significant shift in the media environment in South Africa.
Media24’s strategy includes not only shutting down these newspapers but also giving them distinct online identities and integrating their content into News24 and Netwerk24, established platforms. This project aims to sustain readership while adapting to the increasing trend of digital news consumption.A shift in readership toward digital media, declining advertising revenues, and rising distribution expenses are all contributing factors to the closures.
Staff consultations are in progress to discuss the implications and required steps after the changeover. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
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