The changes are expected to affect around 510 staff members, with a proposed reduction of close to 660 positions out of a total staff of 2,971, mostly across the print media and distribution divisions.
Among the affected titles are magazines Move!, Men’s Health, Women’s Health, Bicycling and Runner’s World which will close completely.
Drum will be published in digital format only.
The tabloids Son op Sondag and Sunday Sun will be closed.
“Even with a return to pre-Covid-19 economic levels, the impact of the pandemic on our print media operations will be unrecoverable. Sadly, we have no choice but to restructure our business now to curtail the losses in our print portfolio and allow us to focus on keeping the retained titles sustainable and in print for as long as possible,” said Davidson.