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
Journalists form human chain in Bathinda, demand press freedom
By Meena R. Prashant in Media News on Thursday, 07th May 2026 at 5:21pm
Power Retail finds new home at Retail Global
By Will McLennan in Media News on Thursday, 07th May 2026 at 4:36pm
Djuro Sen gives Image Matrix Tech a visual reboot
By Will McLennan in Media News on Thursday, 07th May 2026 at 4:08pmTODAY’S TEN: Bengal violence spike, Vijay's majority test, Russia oil share jumps and more
By Staff Writer in Media News on Thursday, 07th May 2026 at 3:02pm
AVGC sector gains ground as broadcast dominance fades in MIB budget
By Staff Writer in Media News on Thursday, 07th May 2026 at 2:22pm
Andhra journalist murder probe faces procedural delays and jurisdictional hurdles
By Pragadish Kirubakaran in Media News on Thursday, 07th May 2026 at 1:07pm
Media news latest
Marcoms news latest