Bauer takes a Nova approach to sector entry

Original article by Dominic White, Max Mason
The Australian Financial Review – Page: 26 : 12-Oct-15

Germany-based Bauer Media Group is said to still be keen to acquire commercial radio stations in Australia, after being rebuffed by Nova Entertainment in 2014. Bauer is believed to have made an indicative offer of about $A450m to acquire Nova, which is owned by Lachlan Murdoch. Bauer paid $A525m for ACP in 2012, and has since discontinued a number of print magazines.

CORPORATES
BAUER MEDIA KG, NOVA ENTERTAINMENT PTY LTD, ILLYRIA PTY LTD, ACP MAGAZINES LIMITED, DAILY MAIL AND GENERAL TRUST PLC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, SBS DISCOVERY RADIO, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

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