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
TDSAT directs Sristi Television to pay Hathway Rs 21.75 lakh
By Staff Writer in Media News on Thursday, 16th July 2026 at 6:32pm
Journalists end protest after police assurance in Maharajganj
By Staff Writer in Media News on Thursday, 16th July 2026 at 6:17pm
Press Club Hyderabad lobbies CEO for voter roll reforms amid SIR concerns
By Meena R. Prashant in Media News on Thursday, 16th July 2026 at 3:35pm
TODAY’S TEN: 1.9 lakh crore chip push, Kudankulam data breach rattles nuclear security and more
By Staff Writer in Media News on Thursday, 16th July 2026 at 3:15pm
Union of Media Persons for Change alleges forced resignations at News18 Tamil Nadu
By Meena R. Prashant in Media News on Thursday, 16th July 2026 at 1:15pm
Dr Anubha Jain honoured with Falcon Media Excellence Award
By Meena R. Prashant in Media News on Thursday, 16th July 2026 at 1:13pm
Upfront: AI rules bite, Surplus maths showdown, MPs’ travel rort.
By Staff Writers in Media News on Thursday, 16th July 2026 at 6:00am
Media news latest