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
FIFA World Cup 2026 India Broadcast: Prasar Bharati steps in
By Staff Writer in Media News on Thursday, 16th April 2026 at 1:39pm
Prasar Bharati opens Akashvani to private creators under new framework
By Staff Writer in Media News on Thursday, 16th April 2026 at 1:36pm
Journalist Krishna Kant Jena passed away
By Staff Writer in Media News on Thursday, 16th April 2026 at 1:33pm
Supreme Court grants interim bail to journalist Mahesh Langa
By Staff Writer in Media News on Thursday, 16th April 2026 at 12:07pm
Lizzies Winners: Nintendo's Claire Corbel - David Hellaby Best Media Relations
By Will McLennan in Media News on Thursday, 16th April 2026 at 12:06pmUpfront: $53B defence boost, NSW diesel stockpile, CFMEU 'double agent'
By Staff Writers in Media News on Thursday, 16th April 2026 at 7:54am
Guwahati Press Club holds protest against attacks on media
By Staff Writer in Media News on Wednesday, 15th April 2026 at 7:32pmMedia news latest
Marcoms news latest