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
Upfront: Missile splashdown shock, Wyong warnings missed, PM’s Kylie fallout.
By Staff Writers in Media News on Tuesday, 07th July 2026 at 6:00am
News Tamil 24x7 to expand with English news channel
By Staff Writer in Media News on Monday, 06th July 2026 at 9:56pm
Editors Guild extends submission deadline for Prem Bhatia Award
By Staff Writer in Media News on Monday, 06th July 2026 at 6:35pm
IPMA retains Rite KnowledgeLabs for its Social Media Mandate ‘Paper Matters’ for the third consecutive year
By Staff Writer in Media News on Monday, 06th July 2026 at 5:22pm
TODAY’S TEN: Meta faces child abuse ad notice, foetal sex-test racket busted and more
By Staff Writer in Media News on Monday, 06th July 2026 at 3:40pm
Manipur journalist Elangbam Ojitkumar exposes government’s neglect of rural schools, wins prestigious award
By Meena R. Prashant in Media News on Monday, 06th July 2026 at 2:59pm
Court dismisses journalist’s plea against Mumbai Press Club expulsion
By Pavithra A in Media News on Monday, 06th July 2026 at 2:25pm
Media news latest