Seven West Media Limited - Prime Media Group Limited

Acquirer(s)

  • Seven West Media Limited

Target(s)

  • Prime Media Group Limited

Summary

Seven West Media Limited is proposing to acquire 100% of Prime Media's ordinary shares through a scheme of arrangement. 

Seven West Media is a national media operator with assets including the Seven Network, print/online media platforms in Western Australia, commercial radio stations in regional Western Australia and Pacific Magazines. Prime is an Australian television network with commercial free-to-air television broadcasting licences covering a number of Australian regional areas.  

Seven West Media has also announced it will divest its Western Australian regional radio assets to Southern Cross Austereo, in addition to the divestment of Pacific Magazines to Bauer Media.  

Market inquiries

Submissions are invited from interested parties regarding the proposed acquisition of Prime Media by Seven West Media by 19 November 2019.

Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: "Submission re: Seven/Prime - attention Alison Hill/Tim Byrne." Alternatively submissions may be mailed to the Merger Investigations Branch, ACCC, GPO Box 3131 Canberra ACT 2601.

Following 19 November 2019, queries regarding the ACCC's review may be addressed to Alison Hill/Tim Byrne at mergers@accc.gov.au.

For more details, please refer to the Market Inquiries letter below.

Market inquiries

Document title Date

Timeline

DateEvent
29/10/2019ACCC commenced review under the Informal Merger Review Process Guidelines.
19/11/2019Closing date for submissions from interested parties.
18/12/2019Provisional date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).

Project staff

  • Alison Hill
  • Tim Byrne

Contact email