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
Mumbai Press Club elects new executive body, Surendra Gangan becomes president
By Meena R. Prashant in Media News on Wednesday, 29th July 2026 at 8:17pm
Legacy newsrooms cut senior roles as digital transformation accelerates
By Suganthi Marimuthu in Media News on Wednesday, 29th July 2026 at 3:54pm
Hyderabad journalists threaten stir over pending land handover
By Staff Writer in Media News on Wednesday, 29th July 2026 at 3:42pm
TODAY’S TEN: SC orders protest footage preserved, Pellet use documented after police denials and more
By Staff Writer in Media News on Wednesday, 29th July 2026 at 3:30pm
Vinyl CEO Simons fires back
By Staff Writers in Media News on Wednesday, 29th July 2026 at 1:53pm
Sandilands claims early success, reveals new team
By Staff Writers in Media News on Wednesday, 29th July 2026 at 8:34am
Upfront: Victoria’s sudden reset, Rate hikes looming, ICAC money trail.
By Staff Writers in Media News on Wednesday, 29th July 2026 at 5:57am
Media news latest