News Limited - proposed acquisition of certain magazine titles of Time Inc Magazines Company Pty Ltd, IPC Media Australia Holdings Pty Ltd

Acquirer(s)

  • News Limited

Target(s)

  • certain magazine titles of Time Inc Magazines Company Pty Ltd<br/> IPC Media Australia Holdings Pty Ltd

Summary

News Limited proposes to acquire and/or license the Who, In Style, Practical Parenting and Bride to Be magazine titles from Time Inc. and IPC Media Australia

Market definition

The proposed acquisition was considered in the context of separate markets for the acquisition of content, supply of advertising space and supply of magazines to consumers for each of parenting, major women's (encompassing the 'celebrity', 'traditional women's' and 'real life' magazine categories) and women's fashion magazines.

Competition analysis

On 26 June 2007 the ACCC formed the view that the proposed acquisition is unlikely to substantially lessen competition in the relevant markets.
Factors informing this conclusion include:
- Emap would continue to provide strong competition in the parenting magazine markets;
- ACP would continue to provide strong competition in the women's fashion magazine markets and other publishers (especially Emap) would provide effective competition;
- ACP would continue to provide strong competition in the major women's magazine markets including the celebrity magazine category; and
- the actual and potential launch of new titles by new and existing competitors in the relevant magazine markets is likely to constrain any attempted exercise of market power.

Timeline

DateEvent
16/05/2007ACCC commenced review under the Merger Review Process Guidelines.
29/05/2007Closing date for submissions from interested parties
26/06/2007ACCC announced it would not oppose the proposed acquisition.