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
Journalist killed in hit-and-run accident in Uttar Pradesh
By Staff Writer in Media News on Monday, 09th November 2026 at 9:44pmAPUWJ Gender Council highlights workplace challenges faced by women scribes
By Staff Writer in Media News on Monday, 09th November 2026 at 6:57pm
In PR: Dentsu Creative Isobar launches new campaign for Skipper Pipes
By Staff Writer in Media News on Monday, 09th November 2026 at 6:54pm
Bandipora journalist's Wular Lake story selected for unique Gender Bender festival
By Staff Writer in Media News on Monday, 09th November 2026 at 5:11pm
Uttarakhand CM announces higher journalist pensions, welfare fund expansion
By Staff Writer in Media News on Monday, 09th November 2026 at 5:05pm
Women journalists covering sports face constant harrasment, alleges leading cricket journo
By Meena R. Prashant in Media News on Monday, 09th November 2026 at 4:56pm
Media news latest