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
Bodhi Tree multimedia to develop Assam Government's official digital content platform
By Staff Writer in Media News on Friday, 26th June 2026 at 8:44pm
Su-Niti News crosses 1 Million viewership threshold on Instagram & Facebook
By Suganthi Marimuthu in Media News on Friday, 26th June 2026 at 8:28pm
Private FM radio expands reach, but ad revenue falls in Q4 FY26
By Staff Writer in Media News on Friday, 26th June 2026 at 8:04pm
Kolkata TV suddenly goes off-air, uncertainty looms over channel’s future
By Staff Writer in Media News on Friday, 26th June 2026 at 8:03pmMeet the journalist who saved the voices of the Samyukta Maharashtra movement
By Meena R. Prashant in Media News on Friday, 26th June 2026 at 7:07pm
Shiv Sena MP caught on camera threatening reporters, triggers journalist protests
By Meena R. Prashant in Media News on Friday, 26th June 2026 at 3:15pmTODAY’S TEN: Manipur blockade sends LPG to Rs 5,000, citizenship proof debate intensifies and more
By Staff Writer in Media News on Friday, 26th June 2026 at 2:53pm
Media news latest
Marcoms news latest