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
FOURTH RIGHT: Abusive, derogatory content does not qualify as journalism
By Pradeep Damodaran in Media News on Thursday, 26th March 2026 at 4:34pm
TODAY’S TEN: IIT-Delhi in QS top 50, India sets 2035 climate roadmap and more
By Meena R. Prashant in Media News on Thursday, 26th March 2026 at 3:52pm
Broadcasters urge TRAI, MIB to tighten STB norms amid DTH smuggling row
By Staff Writer in Media News on Thursday, 26th March 2026 at 3:00pm
Government, Google launch free AI skilling programme for media and creative professionals
By Staff Writer in Media News on Thursday, 26th March 2026 at 2:58pm
ABC staff could strike again
By Staff Writers in Media News on Thursday, 26th March 2026 at 10:18am
Upfront: Fuel crisis intensifies, ABC journos walk-out, childcare abuse
By Staff Writers in Media News on Thursday, 26th March 2026 at 7:51am
Beyond reach: Influencer marketing as a powerful client partnership tool
By Suganthi Marimuthu in Media News on Wednesday, 25th March 2026 at 4:53pm
Media news latest
Marcoms news latest