Cape Business News
May 26, 2021
CBN Audio:
NOVUS Holdings, the old Paarl Media printing operation, has seen a significant change in ownership with media giant Media24 selling out its influential 17.4% stake in the struggling business last month.
Media24’s stake in Novus was always considered strategic since most of its printing work for its magazines and newspapers went to Novus. Media24 and Novus were once both ensconced in the Naspers empire.
But that has all changed – no doubt brought about by declining volumes in the mainstream printing and publishing segment. So enter A2 Investment Partners as a new strategic shareholder at Novus.