Media24
The Media24 Centre in Cape Town CBD is the headquarters of Media24, as well as parent company Naspers | |
| Company type | Subsidiary |
|---|---|
| Industry | Mass media News media Publishing |
| Founded | August 1, 2000 |
| Headquarters | |
Area served | South Africa |
Key people | Raj Lalbahadur (CEO) Nelmari Beyers (Acting CFO)[2] |
| Products | Digital Media Magazines Books Television Ecommerce |
| Revenue | $45 million (2025)[3] |
| -$9 million (2025)[3] | |
| Parent | Naspers |
| Divisions | Media24 Media Media24 TV Media24 Books |
| Website | media24 |
Media24 is a South African mass media company and a subsidiary of Naspers, a global media and e-commerce group. Headquartered in the Media24 Centre in Cape Town, South Africa, the company operates across digital media, television, book publishing, and print distribution.
Established on 1 August 2000, Media24's origins trace back to the founding of Naspers in 1914.[1] It operates news24, one of SA's largest online news websites by readership.
History
Media24 was founded in August 2000.[1]
In late 2024, the company sold its community newspapers, its logistics division On the Dot, and its soccer publications Kick Off and Soccer Laduma, to publishing company Novus.[4]
Major South African publishing company Caxton challenged the sale in court, but its appeal via the Competition Tribunal was turned down by the Competition Appeal Court.[5]
In 2025, the company launched a dedicated Media division to sit alongside its existing Media24 Books and Media24 TV. The new Media24 Media division was structured around four different subdivisions - English media (with news24 as its flagship publication), Afrikaans media (with Netwerk24 as its flagship), B2B, and integrated Advertising & Content Marketing.[6]
At the same time, the company announced that it was investing in AI capabilities to enhance experiences for its clients and consumers, across the company's platforms.[6]
In September 2025 financial results, parent company Naspers reported that Media24 group revenue had declined by 38% year-over-year, and that in terms of EBIDTA, the group had made a loss of $9 million during its 2025 financial year.[3]
Operations
Media24 is organized into three main divisions:
- Media24 Media: Focuses on digital media, newspapers, magazines, and advertising and content marketing services
- Media24 TV: Oversees television production and broadcasting
- Media24 Books: Manages book publishing and distribution, including educational and trade publications
Media24 has transitioned from a print-centric model to a digital-first approach in response to changing media consumption habits. This shift has included the closure of several print editions and the expansion of its digital platforms. The company also divested its media logistics business, On the Dot, and its community newspaper portfolio in 2024.[7]
Brands
Media24 operates a range of digital and print brands, including:
- News24: The group's flagship English language news media publication, and South Africa’s most trusted digital news platform, according to the Reuters Institute’s Digital News Report[8]
- Netwerk24: The group's flagship Afrikaans language news media publication[9]
- Daily Sun: A tabloid newspaper, and one of South Africa’s most read publications
- City Press: A Sunday newspaper focusing on politics, business and lifestyle
- Die Burger: An Afrikaans daily newspaper
- Huisgenoot, You and Drum: Popular family and lifestyle magazines
- Rapport: An Afrikaans Sunday newspaper
- Sarie, Kuier and Fairlady: Women’s magazines
- Visi and Tuis | Home: Design and decor magazines
- Weg! and Go!: Travel and outdoor magazines[10]
Book publishers
Media24’s book publishing division includes:
- Jonathan Ball Publishers
- NB Publishers
- Van Schaik Publishers
- Via Afrika[11]
Lifestyle TV
Media24 also operates lifestyle television channels, including:
- POP24
- Studio24
- VIA[12]
Reach
In May 2025, Media24 recorded 265,290,431 monthly page views, making it the top publisher in South Africa in terms of readership.[13]
In September 2025 financial results from parent company Naspers, it was reported that Media24's two flagship news media brands, news24 and Netwerk24, had a combined total of 211,321 paid subscribers, an increase of 19% from its previous report.[3]
See also
References
- ^ a b c "About Media24". Media24.com. Retrieved 16 January 2026.
- ^ "Media24 - Executive Management". Media24. Retrieved 15 February 2026.
- ^ a b c d "Media24 revenue declined by 38% over the last year". Daily Investor. 24 November 2025. Retrieved 15 February 2026.
- ^ Hanlie Nordejee (9 February 2026). "No Concourt appeal for Media24 merger". news24. Retrieved 15 February 2026.
- ^ Jeremy Maggs (21 August 2025). "Media24 restructuring battle heads into final legal stretch". Moneyweb. Retrieved 15 February 2026.
- ^ a b Minette Ferreira (4 July 2025). "Media24 launches Media division with four strategic verticals". The Media Online. Retrieved 15 February 2026.
- ^ "Naspers bosses back Media24's digital strategy after announcement of newspaper closures". Business Day. 25 June 2024. Retrieved 16 January 2026.
- ^ "Digital News Report 2025 | Reuters Institute for the Study of Journalism". reutersinstitute.politics.ox.ac.uk. 17 June 2025. Retrieved 16 January 2026.
- ^ "Dís hoekom jy op Netwerk24 moet adverteer". projekte.netwerk24.com. Retrieved 16 January 2026.
- ^ "Advertising". Media24 Services. Retrieved 16 January 2026.
- ^ "Books". Media24.com. Retrieved 16 January 2026.
- ^ "Lifestyle TV". Media24.com. Retrieved 16 January 2026.
- ^ "Top 10 SA Publishers for May 2025 – IAB SA: Enabling growth for our People, Brands, Agencies, Publishers, Platforms". Retrieved 16 January 2026.