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
Lizzies Winners 2026: Paul Smith - Graeme Philipson Best Columnist and Paul Zucker Best Technology Industry Journalist.
By Will McLennan in Media News on Thursday, 23rd April 2026 at 12:02pm
Lizzies Winners, Best Video Program - 7News Spotlight
By Will McLennan in Media News on Thursday, 23rd April 2026 at 12:02pm
Anger as 2SER shutdown nears
By Nigel Bowen in Media News on Thursday, 23rd April 2026 at 7:58am
Upfront: Welfare reset, gender-neutral toilets, ARNs sues Kyle and Jackie O
By Staff Writers in Media News on Thursday, 23rd April 2026 at 7:51am
IIMC Dhenkanal opens admissions for PG Diploma in Odia journalism
By Staff writer in Media News on Wednesday, 22nd April 2026 at 7:20pm
Press Club Kolkata welcomes BJP's proposed Rs 5,000 monthly pension for journalists
By Meena R. Prashant in Media News on Wednesday, 22nd April 2026 at 5:37pmTODAY’S TEN: Migrants rush to vote, Census pressure, Amazon carbon deal and more
By Staff Writer in Media News on Wednesday, 22nd April 2026 at 3:20pm
Media news latest
Marcoms news latest