Company type | Subsidiary |
---|---|
Industry | Print Media |
Founded | December 18, 1914 (establishment of Naspers) August 1, 2000 (establishment of Media24) |
Headquarters | |
Area served | South Africa |
Key people | Ishmet Davidson (CEO) Raj Lalbahadur (CFO) [2] |
Products | Newspapers, Magazines, Books, Logistics, Ecommerce, Digital, Television |
Parent | Naspers |
Website | www |
Media24 is a South African media company with interests in digital media and services, newspapers, magazines, ecommerce, book publishing, television, logistics and distribution. It is part of a multinational group of media and ecommerce platforms.
The company is headquartered in the Media24 Centre, in Foreshore, Cape Town. [1]
Welkom Yizani is a share scheme launched by Media24 in September 2006. [3] This scheme owns 15 percent of Media24, a subsidiary of Naspers Ltd. Media24 received R1.4 billion after the unbundling of Novus Holdings in 2017. At the Media24/Welkom Yizani annual general meeting it was announced that shareholders will receive a special cash dividend of not less than R14.79 per Welkom Yizani ordinary share. In addition, the board declared an ordinary dividend of 42.5 cents per share. [4]
Shareholders of Welkom Yizani accepted Media24’s cash offer to buy out all the shares at a special general meeting held on 22 January 2021. The transaction has been concluded, Welkom Yizani was delisted from the Equity Express Securities Exchange (EESE) and the scheme has been unwound.
16 March 2018 Media24 agreed to pay R14 million as a settlement agreement with the Competition Commission after admitting to price fixing and fixing of trade conditions in the media industry. [5]
VIA is a 24-hour Afrikaans lifestyle channel. [7]
Via is available on MultiChoice's DStv platform on channel 147 since 9 November 2015.
Honey is a lifestyle TV channel. It has a mix from lifestyle to reality, food, and culture across the African continent. [8]
The channel was available on MultiChoice's DStv platform on channel 173 from 15 February 2021 until 31 October 2023. [9]
Television in South Africa was introduced in 1976. The country is notable for the late introduction of widespread television broadcasting.
FashionTV is an international fashion and lifestyle broadcasting television channel. Founded in France in 1997, by its Polish-born president Michel Adam Lisowski, FashionTV is a widely distributed satellite channels in the world with 31 satellite and 2,000 cable systems. As of 2014, it had 400 million views all over the world.
The Mail & Guardian, formerly the Weekly Mail, is a South African weekly newspaper and website, published by M&G Media in Johannesburg, South Africa. It focuses on political analysis, investigative reporting, Southern African news, local arts, music and popular culture.
The mass media in South Africa has a large mass media sector and is one of Africa's major media centres. While South Africa's many broadcasters and publications reflect the diversity of the population as a whole, the most commonly used language is English. However, all ten other official languages are represented to some extent or another. Afrikaans is the second most commonly used language, especially in the publishing sector.
M-Net is a South African pay television channel established by Naspers in 1986. The channel broadcasts both local and international programming, including general entertainment, children's series, sport and movies. While the TV signal is generally encrypted, M-Net showed some programmes 'free to air' in its "Open Time" slot between 5 p.m. and 7 pm, until the slot closed on 1 April 2007.
e.tv is the first and only privately owned free-to-air television station in South Africa. It is the fifth terrestrial television channel in the country, following three channels that are operated by the state-owned South African Broadcasting Corporation and the privately owned subscription-funded M-Net. In 1997, the e.tv channel bought the broadcasting rights to broadcast English Premier League (EPL) matches and, later on, they also bought the rights to broadcast UEFA Champions League matches.
Digital Satellite Television, abbreviated DStv, is a Sub-Saharan African direct broadcast satellite service owned by MultiChoice and based and with headquarters in Randburg, South Africa. DStv provides audio, radio and television channels and services to subscribers across 50 countries, mostly in South Africa, Nigeria and Zimbabwe.
SuperSport is a South African-based group of television channels carried on the DStv & Canal+ satellite platforms alongside the GOtv terrestrial platform and Showmax Pro for live sports programming. It provides sports content in South Africa, Nigeria, Kenya and many other African countries.
MultiChoice is a South African company that operates DStv, a major satellite television service in Sub-Saharan Africa, and GOtv, a minor service operating in over nine countries of this area and Showmax service. MultiChoice was formed out of the subscriber-management branch of the M-Net terrestrial pay television company, and broadcasts the full range of M-Net channels on the DStv service. MultiChoice is owned by the media conglomerate of the same name. One of the subsidiaries of MultiChoice is DStv Now, renamed as DStv App, a service that delivers television transmission to mobile devices such as laptops, smart phones and notebooks.
Huisgenoot is a weekly South African Afrikaans-language general-interest family magazine. It has the highest circulation figures of any South African magazine and is followed by sister magazine YOU, its English-language version. A third magazine, Drum, is directed at the black market. The magazines have a combined circulation of about 550 000 copies a week. Yvonne Beyers is the current editor of Huisgenoot.
Caxton and CTP Publishers and Printers is a South African newspaper company.
The Daily Sun is a tabloid daily newspaper in South Africa. It has a circulation of more than 28,006 copies making it the second largest daily newspaper in the country to the Sunday Times in terms of largest circulation among all papers.
KidsCo was an international children's television channel founded and owned by a joint-venture between Corus Entertainment, DIC Entertainment, and Sparrowhawk Media Group in April 2007. By the end of 2007, Sparrowhawk was purchased by media conglomerate NBC Universal, thus giving the company its share in the brand. In June 2008, DiC Entertainment was acquired by Cookie Jar Group, thus also having a stake. In May 2012, Cookie Jar's minority shares in KidsCo were brought by NBCUniversal and Corus, which saw NBCUniversal become majority shareholder with a 51% share while Corus obtained a 43.8% share.
ANN7, later renamed to Afro Worldview, was a 24-hour satellite TV news channel that operated from August 2013 to August 2018 in South Africa. It was established and owned by the Gupta family. The channel was broadcast on the DStv satellite television service owned by Multichoice.
Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its Dutch listed investment subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure.
Nykaa is an Indian e-commerce company headquartered in Mumbai. It sells beauty, wellness and fashion products through its website, mobile app, and over 100 physical stores. In 2020, it became the first Indian unicorn startup headed by a woman.
DreamWorks Channel, commonly known as DreamWorks, is a pay television network owned and operated by the NBCUniversal International Networks division of NBCUniversal, a subsidiary of Comcast. First launched in Southeast Asia on 1 August 2015, it expanded to the rest of Asia as well as Europe, Africa and Oceania. Its programming is mainly sourced from DreamWorks Animation.
OLX Group is a Dutch-domiciled online market place headquartered in Amsterdam. The OLX consumer brand originated as OnLine eXchange in 2006. OLX Group is owned by Prosus, the international assets division of Naspers.
Prosus N.V., or Prosus, is a global investment group that invests and operates across sectors and markets with long-term growth potential. It is among the largest technology investors in the world.