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
World Photography Day marked across India with exhibitions, contests and honours
By Staff Writer in Media News on Friday, 21st August 2026 at 11:52am
Upfront: Swans scandal explodes, “Found alive” blunder, Big Build corruption reckoning.
By Staff Writers in Media News on Friday, 21st August 2026 at 5:59am
Cadets: Bondi and Boots on the Ground
By Will McLennan in Media News on Friday, 21st August 2026 at 7:30am
Vernacular news is set to hit $3 billion, but journalism schools are cutting the courses that feed it
By Meena R. Prashant in Media News on Thursday, 20th August 2026 at 3:52pm
TODAY'S TEN: Nine killed in Kolkata hotel fire, Delhi to ban new petrol and diesel goods vehicles and more
By Staff Writer in Media News on Thursday, 20th August 2026 at 3:02pm
PIB to host Vartalaap media workshop in Uttarakhand's Chamoli
By Staff Writer in Media News on Thursday, 20th August 2026 at 11:37am
16 years on, journalists remember victims of Sumgarh school tragedy
By Staff Writer in Media News on Thursday, 20th August 2026 at 11:35am
Media news latest
Marcoms news latest