- Southern Cross Broadcasting (Australia) Ltd
SummaryImmediately 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 definitionEither 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 analysisOn 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.
|03/07/2007||ACCC awaits information from Fairfax before commencing its informal review.|
|06/08/2007||ACCC commenced review under the Merger Review Process Guidelines.|
|20/08/2007||Closing date for submissions from interested parties.|
|13/09/2007||ACCC announced decision to not oppose the proposed acquisition.|