In a major shake-up of the magazine industry in New Zealand, Bauer Group Media Group has announced they made an agreement with APN News and Media Limited to purchase the company’s New Zealand magazine consumer titles.
Under the agreement, all APN wholly-owned magazines brands, along with their digital properties, will belong to Bauer. These magazines include New Zealand Woman’s Weekly, The New Zealand Listener, Simply You, Simply You Living and Crème. APN will continue to publish New Idea, That’s Life and Girlfriend magazines under licence from the Pacific Magazines Group Australia.
This is an extraordinary opportunity to significantly enhance Bauer’s business and bring the benefits of an expanded portfolio to readers and advertisers alike,” says CEO of Bauer in New Zealand, Paul Dykzeul.
It is absolutely a vote of confidence in our business and the future. We look forward to welcoming these talented teams and iconic media brands into the Bauer Media Group as we combine the best of our resources and expertise.”
The agreement is subject to clearance from the Commerce Commission.
