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
Action against cop for manhandling journalist
By Staff Writer in Media News on Tuesday, 17th March 2026 at 9:13pm
Tamil Nadu govt increases journalists’ pension, approves housing sites
By Staff Writer in Media News on Tuesday, 17th March 2026 at 8:20pm
CPC slams Punjab MLA Khaira for derogatory language against journalist
By Staff Writer in Media News on Tuesday, 17th March 2026 at 8:16pmJournalism without boxes: Aakriti Dhawan on storytelling, integrity and the Beyond Borders Podcast
By Pragadish Kirubakaran in Media News on Tuesday, 17th March 2026 at 6:17pm
Bharat Express announces plans to restart Sahara across TV
By Staff Writer in Media News on Tuesday, 17th March 2026 at 5:32pm
FOURTH RIGHT: Was the DPDP Act designed to choke journalists, even PR professionals?
By Pradeep Damodaran in Media News on Tuesday, 17th March 2026 at 4:32pm
TODAY’S TEN: Maharashtra passes Freedom of Religion Bill, 650 Indians exit Iran via land borders and more
By Meena R. Prashant in Media News on Tuesday, 17th March 2026 at 3:33pm
Media news latest
Marcoms news latest