HOT: Media24 is shutting down City Press, City Press and Beeld

Information reaching Kossyderrickent has it that Media24 is shutting down City Press, City Press and Beeld. 

Daily Sun and City Press shutting down 

Media24 will end print publication of several of its newspapers titles. 

According to exclusive reporting by @moneyweb; Media24 is set to close City Press, Rapport, Beeld, and Daily Sun.

Ishmet Davidson, CEO of Media24, responded that “Media24 continuously reviews its operations to protect viability and long-term sustainability within the context of its transition to an increasingly digital media landscape. We will also continue to consult with staff about any potential and subsequent actions and remain committed to following due process. We do not comment on rumours or speculation, nor on the details of any internal processes.”