South Africa: Media24 open to Beeld sale, rejects distribution operation offer

After confirming last month that it was closing the print editions of four of its publications, Media24 has rejected a written offer from Capital Newspapers/Caxton for the purchase of On the Dot (Media24’s media logistics operations) and its portfolio of community newspapers.

The chief executive of Media24, Ishmet Davidson, confirmed that, despite earlier claims, this week was the first time that Capital Newspapers/Caxton had put forward a written offer to purchase the four newspapers…