INFOCENTRE: 1300 302 502

Macquarie Media Group - proposed acquisition of Southern Cross Broadcasting (Australia) Ltd

Type of assessment

Informal Review

Reference

28099

Acquirer(s)

Macquarie Media Group

Target(s)

Southern Cross Broadcasting (Australia) Ltd

Industry

Media

Outcome of assessment

Not opposed subject to undertakings

Total review days *

Commenced public review

23^rd July 2007

Date completed

17^th October 2007

Market definition

Please refer to detailed Public Competition Assessment below.

Competition analysis

Please refer to detailed Public Competition Assessment below.

Public competition assessment

Statement of issues

Undertakings

Final 87B Undertakings - Tasmania
17^th October 2007
D07+96565.pdf (2.5 MB)
Final 87B Undertakings - Southern Cross Syndication
17^th October 2007
D07+96712.pdf (2.1 MB)

Related media releases

ACCC not to oppose acquisitions by Macquarie Media Group
The Australian Competition and Consumer Commission will not intervene in the acquisitions by Macq...
Issued: 17^th October 2007 Release # MR 279/07

Review timeline

Date	Event
23^rd July 2007	ACCC commenced review under the Merger Review Process Guidelines.
3^rd August 2007	Closing date for submissions from interested parties.
13^th September 2007	ACCC released Statement of Issues in relation to proposed acquisition.
26^th September 2007	Closing date for submissions in response to Statement of Issues.
5^th October 2007	Draft undertakings offered subject to ACCC final decision on competition issues. Former proposed date of 10 October 2007 for announcement of ACCC's findings amended to 18 October 2007 to allow for market consultation.
11^th October 2007	Closing date for submissions relating to draft 87B undertakings.
17^th October 2007	ACCC announced its decision to not oppose the proposed acquisition subject to accepting court-enforceable undertakings.

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

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