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
TODAY’S TEN: Rajasthan has 611 schools without buildings, 57 crore cancer equipment lies idle in Delhi and more
By Staff Writer in Media News on Monday, 31st August 2026 at 3:22pm
Journalist Kundan Jadhav dies by suicide in Akola
By Staff writer in Media News on Monday, 31st August 2026 at 3:07pm
New business dailies signal renewed media interest in South India’s economy
By Pavithra A in Media News on Monday, 31st August 2026 at 2:09pm
Media fails to lift the lid on mystery man
By Staff Writers in Media News on Monday, 31st August 2026 at 7:59am
Upfront: Code orange politics, Nepal mudslide nightmare, Housing targets slip.
By Staff Writers in Media News on Monday, 31st August 2026 at 6:56am
Gamemasters unite to create Twenty Sided Social Club
By Will McLennan in Media News on Monday, 31st August 2026 at 11:45amThe Telegraph Young Metro inducts new batch of student reporters
By Staff writer in Media News on Friday, 28th August 2026 at 11:33pmMedia news latest
Marcoms news latest