Bauer cleared to buy APN magazines

MATT NIPPERT
Last updated 09:26 24/01/2014

Relevant offers

Industries

Technological changes disrupting the energy sector: Vector Deal between Spark and Netflix would be 'no surprise' says analyst Cadbury backlash a win for Kiwi chocolate brand Whittaker's Airways profit lifts as aircraft movements break records Samurai wasp vs stink bug: Government eyes bio-control for insect invasion NZME delivers stable operating performance ahead of merger ruling Chemwash Hamilton fronts up over fish kill spill Tesla holds huge key party in Auckland Port of Tauranga still on the lookout for more hubs Sky TV boss says appealing merger ruling would be like having 'root canal work'

German media giant Bauer has been granted Commerce Commission approval to buy a number of high-profile magazine titles from APN.

APN News and Media said last year it was seeking clearance to sell its New Zealand magazine business to Bauer Media Group.

The sale will see titles including the New Zealand Woman's Weekly, The Listener, Simply You Living and Creme change hands and up to 30 APN employees lose their jobs.

Titles acquired by APN from Pacific Magazines in 2010 and published under licence, including New Idea, That's Life and Girlfriend will remain with the Australasian publisher.

Commerce Commission approval was required as the sale concentrated ownership of the New Zealand magazine sector with Bauer.

Bauer, which has its headquarters in Hamburg, focuses on magazine publishing and has operations in 16 countries.

The purchase will substantially bolster Bauer's New Zealand presence.

Bauer last year spent an estimated $600 million picking up Australasian assets of magazine publisher ACP Media, including titles such as Metro, Next and North & South.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content