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
Historic slip in metro newspaper subscriptions
By Staff Writers in Media News on Tuesday, 11th August 2026 at 7:55am
Upfront: Census tick-box blow-up, Sydney airport near-miss, Mortgage demand nosedives.
By Staff Writers in Media News on Tuesday, 11th August 2026 at 5:59am
Credlin Judaism claim bunked on MediaWatch
By Staff Writers in Media News on Tuesday, 11th August 2026 at 7:45am
TN journalists call for unity amid rise in attacks on media fraternity
By Staff Writer in Media News on Monday, 10th August 2026 at 8:50pm
Punt Creative wins communications mandate for PizzaExpress India
By Staff Writer in Media News on Monday, 10th August 2026 at 8:41pm
Why solutions journalism is gaining ground in India
By Suganthi Marimuthu in Media News on Monday, 10th August 2026 at 7:38pm
Senior journalists urges collaboration among independent media outlets
By Staff Writer in Media News on Monday, 10th August 2026 at 7:27pm
Media news latest