While 66 journalists will be retained, the company is going ahead with consultations with the rest of staff affected by the planned restructuring and divestures.
The media company also announced that it would no longer be selling the Beeld publication.
For more financial news, go to the News24 Business front page.
Media24 will no longer retrench newspaper journalists from Beeld, City Press, Daily Sun, and Rapport following its plans to close the print editions of those publications.
While the 66 journalists who create, process and package content for those publications will be retained, the company is going ahead with consultations with the rest of the staff affected by the proposed restructurings and divestitures, Media24 announced on Wednesday.
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