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Company Information

Media24 is Africa’s leading media publishing company. The operating business segments span publishing, printing, and distribution of magazines, newspapers, books and related products as well as digital content and ecommerce ventures. This well-balanced portfolio of investments in the media and publishing industries and an ongoing strategy of continuous renewal and adaptation, has proven to be a winning formula that has turned Media24 into a leading business entity in the media and publishing field.

Media24’s majority shareholder is media company, Naspers.

History

Naspers was established in 1915. Its first product was the daily newspaper De Burger, published the same year the company was founded. A monthly publication, De Huisgenoot, saw the light in 1916. A modest printing plant was established, after which several book publishers, magazines and numerous other titles were either launched or acquired. In the decades since it was established Naspers has grown to become an integrated multinational media group focusing on the media and publishing industries, digital products, television and the internet.

In August 2000 Media24 – the former Nasmedia – became an independent company with its own comprehensive infrastructure. As a result of the restructuring Naspers moved all its print media interests – newspapers, magazines, printing plants and related internet interests – under one umbrella with a single identity, an independent executive and its own vision, operational strategy and board of directors. In April 2005 the Media24 structure underwent a further change when two other Naspers divisions were incorporated as two independent business units: Via Afrika, with several businesses in the book industry, and Educor, the leading supplier of private education in South Africa. In January 2008 the company sold its education businesses.