Fairfax Media Limited - proposed acquisition of Rural Press Limited

Acquirer(s)

  • Fairfax Media Limited

Target(s)

  • Rural Press Limited

Summary

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

Document title Date

Timeline

DateEvent
06/12/2006ACCC commenced review under the Merger Review Process Guidelines. Review suspended pending receipt of submission from merger parties.
14/02/2007Submission received from merger parties. ACCC review recommenced.
02/03/2007Closing date for submissions from interested parties.
04/04/2007Draft 87B undertaking proffered by Fairfax. ACCC commenced market consultations on the proposed undertaking.
11/04/2007Closing date for submissions relating to draft 87B undertaking.
18/04/200787B undertaking accepted by ACCC.
18/04/2007ACCC announced it would not oppose the proposed acquisition, subject to undertakings.
02/01/2008Fairfax agreed to fulfill additional obligations following concerns raised by the ACCC about compliance with its 87B undertaking.