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
Upfront: Three more hikes?, Backpacker ballot bombshell, Removed by text.
By Staff Writers in Media News on Friday, 18th September 2026 at 5:55am
Insider: NZ Herald’s Fulcher shares what makes stories tick
By Will McLennan in Media News on Friday, 18th September 2026 at 7:50amJournalist Kaushik Patel booked over alleged extortion and threats in property dispute
By Staff writer in Media News on Thursday, 17th September 2026 at 9:53pm
AMWJU marks 52nd foundation day, Manipur CM announces hike in journalist pension
By Meena R. Prashant in Media News on Thursday, 17th September 2026 at 9:19pm
TN Journalist Damodharan Prakash held over alleged defamatory video
By Staff writer in Media News on Thursday, 17th September 2026 at 8:34pm
Kashmir Media delegation meets Puducherry Lieutenant Governor during PIB press tour
By Staff writer in Media News on Thursday, 17th September 2026 at 8:30pm
WJAI seeks state-level probe into alleged assault on Saharsa journalist
By Meena R. Prashant in Media News on Thursday, 17th September 2026 at 7:04pm
Media news latest
Marcoms news latest