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
PRAXIS INDIA 2026: Reputation is capital, not crisis management, says Burson CEO Corey duBrowa
By Staff Writer in Media News on Wednesday, 21st October 2026 at 2:17am
In PR: Dentsu Creative Isobar launches BGMI’s ‘Collector’ campaign
By Staff Writer in Media News on Tuesday, 20th October 2026 at 7:49pm
In PR: Verve Media wins social media and content marketing mandate for AoS
By Staff Writer in Media News on Tuesday, 20th October 2026 at 7:42pmJUS, Neil Tara Cares to launch Himalayan disaster awareness initiative
By Staff Writer in Media News on Tuesday, 20th October 2026 at 6:56pm
Journalism not a licence for intimidation, says JAKAJA president
By Staff Writer in Media News on Tuesday, 20th October 2026 at 6:39pmMedia news latest