NZ Commerce Commission approves sale of APN's NZ Magazines businesses to Bauer

APNMAGS.jpgThe sale of APN's New Zealand Magazines' consumer titles to the Bauer Media Group will proceed following approval of the transaction by the New Zealand Commerce Commission.

APN and Bauer are currently working through a plan to transition ownership of the business, which is likely to take place early in March.
The Pacific Magazines titles - New Idea, That's Life and Girlfriend - are not affected by the transaction and APN will continue to publish these magazines under licence from the Pacific Magazines Group Australia.

APN New Zealand CEO Martin Simons thanked the company's NZ Magazines staff for their outstanding commitment to each of their mastheads while this transaction was being considered over several months.

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