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
IFWJ seeks journalist protection law in Rajasthan on 76th foundation day
By Staff Writer in Media News on Thursday, 29th October 2026 at 7:10pmMrig Sight Media bags PR and digital mandate of Rama Hospital
By Staff Writer in Media News on Thursday, 29th October 2026 at 6:14pm
CBI questions journalist Ashutosh Negi, who first sought its probe into Ankita Bhandari murder
By Meena R. Prashant in Media News on Thursday, 29th October 2026 at 4:57pm
TODAY’S TEN: SC extends Delhi voter enrolment deadline after 43 lakh deletions, cyclone kills five in Andhra
By Staff Writer in Media News on Thursday, 29th October 2026 at 4:48pm
DNPA welcomes Centre’s offer of dialogue on data law after Supreme Court notice
By Meena R. Prashant in Media News on Thursday, 29th October 2026 at 4:33pm
India’s media and entertainment sector industry grows 9% in 2025
By Pavithra A in Media News on Thursday, 29th October 2026 at 3:37pm
Media news latest
Marcoms news latest