Bauer swoops on NZ magazine titles
In a statement to the ASX, APN News and Media said it was seeking clearance from the Commerce Commission to sell its New Zealand magazine business to Bauer Media Group.
If approved, the sale would see titles including the New Zealand Woman's Weekly, The Listener, Simply You Living and Creme change hands.
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.
The statement from APN said the sales reflect a "strategy of an emphasis on growth assets, particularly digital".
In August, Fairfax Media reported that discussions over the sale were continuing.
Bauer, which has its headquarters in Hamburg, focuses on magazine publishing and has operations in 16 countries.
The purchase, understood to require Commerce Commission approval, will substantially bolster Bauer's New Zealand presence. Bauer last year spent an estimated $500 million picking up Australasian assets of magazine publisher ACP Media, delivering titles including the Australian Women's Weekly, Woman's Day and TV Week.
Bauer publishes Grazia, FHM and Zoo in Britain.
Frequently Asked Questions about this Article…
Bauer Media Group has expanded its presence in New Zealand by acquiring several high-profile magazine titles from APN News and Media.
Bauer Media Group has recently expanded its presence in New Zealand by acquiring several high-profile magazine titles from APN News and Media.
The acquisition includes popular titles such as the New Zealand Woman's Weekly, The Listener, Simply You Living, and Creme.
The acquisition includes popular titles such as the New Zealand Woman's Weekly, The Listener, Simply You Living, and Creme.
No, titles acquired by APN from Pacific Magazines in 2010, such as New Idea, That's Life, and Girlfriend, will remain with the Australasian publisher.
No, not all titles will be sold. Titles acquired by APN from Pacific Magazines in 2010, such as New Idea, That's Life, and Girlfriend, will remain with APN.
APN is selling its New Zealand magazine business as part of a strategy to focus on growth assets, particularly in the digital space.
APN is selling its New Zealand magazine business as part of a strategy to focus on growth assets, particularly in the digital space.
Yes, the sale requires clearance from the Commerce Commission to proceed.
Yes, Bauer Media Group, headquartered in Hamburg, operates in 16 countries and focuses on magazine publishing.
The acquisition will significantly bolster Bauer's presence in New Zealand, enhancing its portfolio of magazine titles in the region.
The acquisition requires approval from the Commerce Commission to be finalized.
Last year, Bauer spent an estimated $500 million acquiring Australasian assets of ACP Media, including titles like the Australian Women's Weekly, Woman's Day, and TV Week.
The acquisition will substantially bolster Bauer's presence in New Zealand, enhancing its portfolio of magazine titles.
Bauer Media Group operates in 16 countries, with its headquarters located in Hamburg, Germany.
Last year, Bauer spent an estimated $500 million acquiring Australasian assets of ACP Media, including titles like the Australian Women's Weekly, Woman's Day, and TV Week.
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