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
Mongabay-India, Alt Eff invite applications for Video Reporting Opportunity 2026
By Staff Writer in Media News on Thursday, 12th March 2026 at 10:00pm
Kajaria Ceramics appoints Innocean India following pitch process
By Staff Writer in Media News on Thursday, 12th March 2026 at 9:58pm
TV9 Cameraman Prashant Kulkarni passes away in Karnataka
By Staff Writer in Media News on Thursday, 12th March 2026 at 9:53pm
Senior journalist K. J. Kumar passed away
By Staff Writer in Media News on Thursday, 12th March 2026 at 8:34pm
Sikkim govt takes measures to strengthen state's media ecosystem
By Staff Writer in Media News on Thursday, 12th March 2026 at 4:54pm
FOURTH RIGHT: A helping hand for the struggling newspaper boys
By Pradeep Damodaran in Media News on Thursday, 12th March 2026 at 4:37pm
TODAY'S TEN: Key SC verdict, Hormuz passage, Sachin’s ‘Midas’ touch and more
By Meena R. Prashant in Media News on Thursday, 12th March 2026 at 3:42pmMedia news latest
Marcoms news latest