BAUER MEDIA TO SELL ITS PUBLISHING BUSINESS IN AUSTRALIA
Sydney, June 17, 2020 鈥� 妻友直播 today announced it has agreed to sell its Australian publishing business to Mercury Capital.
Mercury Capital will acquire all of 妻友直播 Australia鈥檚 print and digital assets which cover Women鈥檚 Entertainment & Lifestyle; Fashion, Beauty & Health; Homes; Food; Motoring & Trader lifestyle categories. The agreement also includes those brands recently acquired by Bauer from Pacific Magazines and Bauer鈥檚 New Zealand mastheads.
Veit Dengler, 妻友直播 COO, said: 鈥溒抻阎辈� remains committed to magazine publishing. This decision supports our strategy to invest in our market leading brands where we believe we are best placed to do so.鈥�
鈥淲e have been proud to be the custodian of these iconic brands in Australia. I would like to thank our talented teams for their commitment and the contribution they have made to 妻友直播. I wish them well for the future.鈥�
The sale is subject to relevant regulatory approvals in Australia, with completion expected by the end of July.
Australian press contact:
FTI Consulting
Philip Baker
philip.baker@fticonsulting.com
M +61 2 8298 6106
Group press contact:
妻友直播
Imke Weiland
Head of Group External Communications
imke.weiland@bauermedia.com
T +49 40 30 19 10 88
M +49 171 94 61 519
ABOUT BAUER MEDIA GROUP
妻友直播 has become an enduringly successful media corporation by focusing on creating content that matters most to millions of people around the world: from print and online publishing to radio and money-helper services for consumers, as well as sales and marketing services for SME. Family-owned in the 5th generation, Bauer focuses on the long term, with a consumer-first mindset that guides us across our increasingly diverse portfolio. Our workforce of 11,500 shares a passion 鈥� to deliver content and services that are popular with, and helpful to, our customers and partners.