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 $40m cash offer.
“We note that some magazine titles have already closed, and others are likely to follow, regardless of this deal. Ultimately, we determined that although there is a notable level of competition between the particular print titles, the transaction was not likely to substantially lessen competition because publishers i...
To continue reading this article...
More Media News
Madras High Court grants conditional bail to Savukku Shankar in attempt to murder case
By Staff Writer in Media News on Monday, 18th May 2026 at 9:01pmFormer Express Chief Editor K. Balakrishnan passes away
By Staff Writer in Media News on Monday, 18th May 2026 at 8:59pm
PCI condemns NSA charges against journalist Satyam Verma
By Staff Writer in Media News on Monday, 18th May 2026 at 8:31pm
TODAY’S TEN: Delhi sewage crisis, rupee nears 100/$, illegal gun network exposed and more
By Staff Writer in Media News on Monday, 18th May 2026 at 4:00pm
Hidden cameras, threat calls, how an undercover journalist exposed a trafficking network in Bihar
By Meena R. Prashant in Media News on Monday, 18th May 2026 at 3:22pm
Journalist’s bike theft sparks safety concerns in Tripura
By Pavithra in Media News on Monday, 18th May 2026 at 2:13pm
Petition Filed Seeking Faster Renewal of Journalists’ Accreditation Cards
By Staff Writer in Media News on Monday, 18th May 2026 at 2:11pm
Media news latest
Marcoms news latest