Comp. Tribunal approves Natal Witness buyout by Media24, with conditions

May 14, 2012

South Africa's Competition Tribunal has conditionally approved a merger between Media24 and Natal Witness. The Competition Commission was concerned with Media24's increased ownership in Africa Web, which is jointly owned by the merging parties, and advocated partial divestiture of Africa Web. Caxton, another publisher, called for a full divestiture. The Tribunal ultimately decided to require that Media24 not influence the operations and strategies of Africa Web for five years. Furthermore, any future mergers with small, independent publishers needed to be reported to the Competition Commission.

Full content: SAPA via IOL


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