Mag queen tips Bauer will axe Pacific titles

Original article by Lilly Vitorovich
The Australian – Page: 19 : 4-May-20

Bauer Media completed a $40m deal to acquire Seven West Media’s Pacific Magazines division on 1 May. Magazine industry veteran Deborah Thomas expects Bauer to suspend the print editions of some Pacific titles due to the coronavirus-induced downturn in the advertising market. Four of the print editions of Bauer’s own titles were recently put on hold, and some industry executives doubt that several of them will resume publication. Bauer has also stood down or laid off up to 140 employees in Australia, while its New Zealand operations were shut down in April.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, PACIFIC MAGAZINES PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, BAUER MEDIA KG, BAUER MEDIA (NZ) LIMITED

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s