Acquirer(s)

  • Fairfax Media Limited

Target(s)

  • Southern Cross Broadcasting (Australia) Ltd

Summary

Immediately following Macquarie Media Group's proposed acquisition of Southern Cross Broadcasting, Fairfax proposes to acquire from Macquarie, the following assets:

- Metropolitan radio stations - 3AW and Magic (Melbourne), 2UE (Sydney), 96FM and 6PR (Perth), 4BC and 4BH (Brisbane)
- Southern Star
- Satellite Music Australia.

Market definition

Either separate or joint radio and newspaper advertising markets. As the ACCC considered that the proposed acquisition was unlikely to result in a substantial lessening of competition in any relevant market, it was not necessary to form a definitive view of market definition for the purposes of this acquisition.

Competition analysis

On any market definition, the ACCC considered that the proposed acquisition was unlikely to result in a substantial lessening of competition due to the presence of other radio and newspaper operators in all Sydney and Melbourne - the only regions where overlap would occur.

Timeline

Date Event

ACCC awaits information from Fairfax before commencing its informal review.

ACCC commenced review under the Merger Review Process Guidelines.

Closing date for submissions from interested parties.

ACCC announced decision to not oppose the proposed acquisition.