Bauer cleared for APN mags takeover

Paul Dykzeul
Heinz and Yvonne Bauer

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

German magazine giant Bauer has received Commerce Commission clearance to purchase several APN magazines, including two mass-market weekly titles.

They include New Zealand Woman’s Weekly, NZ Listener, Simply You, Simply You Living and Crème.

The commission says the proposed acquisition will not substantially lessen competition in the supply of current affairs magazines, mass market weekly women’s magazines, women’s interest magazines and magazine advertising.

Commission chairman Mark Berry says the merged firm will still face competition from suppliers of other magazines and alternative platforms such as TV, newspapers and the internet.

Bauer New Zealand chief executive Paul Dykzeul earlier told NBR ONLINE while Bauer's titles include Metro, North and South and Woman's Day, no titles will be merged under the deal.

About 65 staff affected by the deal and 30-40 have been offered contracts to see them kept on after Bauer takes over. 

vyoung@nbr.co.nz


This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7567 0.0000 0.00%
AUD 0.9753 0.0000 0.00%
EUR 0.6945 0.0000 0.00%
GBP 0.5084 0.0000 0.00%
HKD 5.8650 0.0000 0.00%
JPY 90.0730 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1198.2 -6.000 2015-03-27T00:
Oil Brent 56.4 2.710 2015-03-27T00:
Oil Nymex 48.9 -2.560 2015-03-27T00:
Silver Index 17.1 -0.071 2015-03-27T00:

Indices

Symbol Open High Last %
NZX 50 5833.2 5854.2 5833.2 0.36%
NASDAQ 4863.7 4899.3 4863.4 0.57%
DAX 11920.2 11954.1 11843.7 0.21%
DJI 17673.6 17729.1 17678.2 0.19%
FTSE 6895.3 6910.6 6895.3 -0.58%
HKSE 24541.4 24549.9 24497.1 -0.04%
NI225 19374.7 19590.0 19471.1 -0.95%