PacMags sale to Bauer Media OK’d
By Jonas Lopez in Media News on Thursday, 26th March 2020 at 5:29pm
Bauer Media has been given the ACCC’s approval to acquire Pacific Magazines from Seven West Media.
The watchdog stated that Bauer’s $40m offer would not lessen competition as some of the content on both Bauer and Pacific’s titles are acquired from other sources. The negotiations began in October 2019, with part of the deal seeing Bauer pay Seven West Media $6.6m in advertising rights fees over the next three years, on top of the $40m cash offer.
“We note that some magazine titles have already closed, and others are likely to follow, regardless of this deal. Ultimately, we determined that although there is a notable level of competition between the particular print titles, the transaction was not likely to substantially lessen competition because publishers i...
To continue reading this article...
More Media News
Senior journalist Sudesh Istwal no more
By Staff Writer in Media News on Monday, 20th April 2026 at 1:54pmPocket FM hits $400 million ARR, accelerated by AI
By Staff Writer in Media News on Monday, 20th April 2026 at 1:20pm
Bombay HC advises Arnab Goswami to avoid ‘embellishments’ in Ambani reports
By Staff Writer in Media News on Monday, 20th April 2026 at 1:18pm
Pepper Communications Group wins PR mandate for Apis India
By Staff Writer in Media News on Monday, 20th April 2026 at 1:14pm
Personal connection behind long COVID award win for Nelson
By Will McLennan in Media News on Monday, 20th April 2026 at 11:37amPReeps: New CEO for Edelman, Forward reboots, Tonic expands
By Nigel Bowen in Media News on Monday, 20th April 2026 at 11:27am
Media news latest
Marcoms news latest