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APN News & Media Ltd To Sell New Zealand Magazines Business


Thursday, 31 Oct 2013 10:18pm EDT 

APN News & Media Ltd announced that a clearance from the New Zealand Commerce Commission is being sought for the sale of New Zealand Magazines business to Bauer Media Group. The sale of the magazine portfolio reflects APN’s strategy of an emphasis on growth assets, particularly digital. If successful, all APN wholly owned magazine brands, including the New Zealand Woman’s Weekly, The Listener, Simply You, Simply You Living and Crème will pass to Bauer. APN will continue to publish New Idea, That’s Life and Girlfriend magazines under licence from the Pacific Magazines Group Australia, as these titles are not included as part of the sale. 

Company Quote

0.77
-0.02 -2.53%
1 Aug 2014