Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Metro publisher Bauer cleared to buy APN magazines

Metro publisher Bauer cleared to buy APN magazines, inc Listener

Jan. 24 (BusinessDesk) - Bauer Media Group (NZ), which publishes Metro and North and South magazines, has been cleared to buy a handful of APN News & Media’s New Zealand magazine titles, including The Listener and New Zealand Woman’s Weekly.

The Commerce Commission today cleared the acquisition, saying it was satisfied the deal won’t substantially lessen competition in the supply of current affairs, weekly women’s and women’s interest magazines, nor magazine advertising, it said in a statement. The deal will see APN sell the NZ Woman’s Weekly, Simply You, Simply You Living, New Zealand Listener and Crème titles to the German group.

“The merged firm would continue to face competition from the suppliers of other magazine titles and alternative platforms, such as television, newspapers and the internet,” chairman Mark Berry said.

New Zealand’s magazine advertising turnover rose 9.7 percent to $210 million in 2012, accounting for almost a tenth of total advertising turnover, according to Advertising Standards Authority figures.

Hamburg-based Bauer already publishes 20 magazines in New Zealand, including Woman's Day, The Australian Woman's Weekly, Next, Taste, Metro and North & South. In September last year, Bauer spent an estimated A$644 million on the Australasian assets of magazine publisher ACP Media.

APN will continue to publish New Idea, That’s Life and Girlfriend magazines under licence from Pacific Magazines Group Australia, which are not included in the sale.

(BusinessDesk)


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO:

Transition To Low Carbon: Mineral And Petroleum Resource Strategy

Responsibly Delivering Value – A Minerals and Petroleum Strategy for Aotearoa New Zealand: 2019-2029 has been developed to provide the direction for the sector in the transition to a low carbon and productive, sustainable and inclusive economy. More>>

ALSO:

MethaneSAT: Methane Satellite Mission Control In New Zealand

Mission Control for an international space mission to help tackle climate change will be based in New Zealand, with the Government putting $26 million towards the state-of-the-art satellite...More>>

ALSO:

Real Estate: Late Spring Surge

The continued shortage of quality real estate listings, coupled with record low mortgage interest rates have combined to add some zing to the property market over October. More>>

Wellbeing Stats: Finances Less Terrible And Less Great

According to results from the General Social Survey, the proportion of people who felt they had enough or more than enough money to meet everyday needs increased from 51 percent in 2008 to 63 percent in 2018, Stats NZ said today. More>>

ALSO: