Original article by Leo Shanahan
The Australian Financial Review – Page: 23 : 27-Jan-20
Bauer Media Australian CEO Brendon Hill has urged the Australian Competition & Consumer Commission to approve the proposed $40m merger with Pacific Magazines. The ACCC’s statement of issues identified concerns such as the potential for the prices of some magazines to rise and for their quality to decline. Hill is disappointed that the ACCC chose to focus on four titles, and he argues that the magazine market is much broader. He has also rejected suggestions that Bauer would discontinue some Pacific titles.
BAUER MEDIA AUSTRALIA PTY LTD, PACIFIC MAGAZINES PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION