South African media company Media24 is set to close four print publications, including Beeld, City Press, Daily Sun and Rapport, and focus on digitalonly brands. The move, which is in line with a global trend of print media struggling to stay relevant in the digital age, could result in up to 800 job losses. Media24’s Chief Executive Ishmet Davidson said the company had been impacted by falling circulation and advertising figures as well as rising fixed distribution costs.
