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
Seven journalists selected for the Manipur State Journalist Awards 2025
By Staff Writer in Media News on Friday, 14th November 2025 at 6:48pm
Journalist saves transgender protester from jumping off bridge in Tamil Nadu
By Staff Writer in Media News on Friday, 14th November 2025 at 6:43pm
Veteran journalist and cartoonist Alex Fernandes to receive Lifetime Achievement Award
By Staff Writer in Media News on Friday, 14th November 2025 at 6:35pm
Senior journalist RN Kansal dies in tragic road accident
By Staff Writer in Media News on Friday, 14th November 2025 at 6:31pm
Aaj Tak, News18 Network cross 1 million concurrent viewers during Bihar election coverage on YT
By Staff Writer in Media News on Friday, 14th November 2025 at 6:27pm
TODAY'S TEN: Exit polls and early leads indicate Nitish's historic return as Bihar CM
By Pradeep Damodaran, Pragadish Kirubakaran and Meena R Prashant in Media News on Friday, 14th November 2025 at 4:12pm
ABC winners at the 2025 SA Press Club Awards
By Staff Writer in Media News on Friday, 14th November 2025 at 2:17pm
Media news latest
Marcoms news latest