Bauer ready to sack magazine luminaries

Original article by Lilly Vitorovich
The Australian – Page: 19 : 26-Nov-19

The Australian Competition & Consumer Commission will shortly rule on Bauer Media’s proposed acquisition of Pacific Magazines. Bauer is said to be identifying roles that will be duplicated if the merger is approved, with a view to downsizing the combined workforce. Bauer CEO Brendon Hill has declined to comment. There has been speculation that Bauer may sell its magazines business to private equity firm Mercury Capital.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, PACIFIC MAGAZINES PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, MERCURY CAPITAL PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

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