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Fairfax Media Limited - proposed acquisition of Rural Press Limited

Type of assessment

Informal Review

Reference

26620

Acquirer(s)

Fairfax Media Limited

Target(s)

Rural Press Limited

Industry

Media - Newspaper publishing

Outcome of assessment

Not opposed subject to undertakings

Total review days *

Commenced public review

6^th December 2006

Date completed

18^th April 2007

Competition analysis

For a detailed competition assessment, please refer to attached Public Competition Assessment.
In December 2007, Fairfax divested the Newcastle and Lake Macquarie Post and The Hunter Post to Camillaro Pty Ltd, Con Constantine and Nicky Constantine in accordance with Fairfax's s87B undertaking of 18 April 2007.

Public competition assessment

Public Competition Assessment
27^th April 2007
D07+36207.pdf (951.6 KB)

Undertakings

Final 87B Undertakings
18^th April 2007
D07+34169.pdf (1.1 MB)
Additional obligations supplementary to the 87B undertakings
2^nd January 2008
D08+4977.pdf (487.7 KB)

Related media releases

ACCC concludes investigation into Newcastle and Hunter Valley community newspapers
The Australian Competition and Consumer Commission has concluded its investigation into complianc...
Issued: 1^st August 2008 Release # MR 220/08
ACCC monitoring Newcastle and Hunter Valley community newspapers
The Australian Competition and Consumer Commission has agreed with Fairfax Media Limited interim ...
Issued: 4^th January 2008 Release # MR 001/08

Review timeline

Date	Event
6^th December 2006	ACCC commenced review under the Merger Review Process Guidelines. Review suspended pending receipt of submission from merger parties.
14^th February 2007	Submission received from merger parties. ACCC review recommenced.
2^nd March 2007	Closing date for submissions from interested parties.
4^th April 2007	Draft 87B undertaking proffered by Fairfax. ACCC commenced market consultations on the proposed undertaking.
11^th April 2007	Closing date for submissions relating to draft 87B undertaking.
18^th April 2007	87B undertaking accepted by ACCC.
18^th April 2007	ACCC announced it would not oppose the proposed acquisition, subject to undertakings.
2^nd January 2008	Fairfax agreed to fulfill additional obligations following concerns raised by the ACCC about compliance with its 87B undertaking.

* Total Review days = Total business days less public holidays and time during which the review was Suspended.

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