BAUER MEDIA TO SELL ITS PUBLISHING BUSINESS IN AUSTRALIA

Sydney, June 17, 2020 – Bauer Media today announced it has agreed to sell its Australian publishing business to Mercury Capital.

Mercury Capital will acquire all of Bauer Media Australia’s print and digital assets which cover Women’s Entertainment & Lifestyle; Fashion, Beauty & Health; Homes; Food; Motoring & Trader lifestyle categories. The agreement also includes those brands recently acquired by Bauer from Pacific Magazines and Bauer’s New Zealand mastheads.

Veit Dengler, Bauer Media COO, said: “Bauer Media remains committed to magazine publishing. This decision supports our strategy to invest in our market leading brands where we believe we are best placed to do so.”

“We have been proud to be the custodian of these iconic brands in Australia. I would like to thank our talented teams for their commitment and the contribution they have made to Bauer Media. I wish them well for the future.”

The sale is subject to relevant regulatory approvals in Australia, with completion expected by the end of July.


Ends



Australian press contact:

FTI Consulting
Philip Baker
philip.baker@fticonsulting.com
M +61 2 8298 6106


Group press contact:

Bauer Media Group
Imke Weiland
Head of Group External Communications
imke.weiland@bauermedia.com
T +49 40 30 19 10 88
M +49 171 94 61 519


ABOUT BAUER MEDIA GROUP

Bauer Media Group has become an enduringly successful media corporation by focusing on creating content that matters most to millions of people around the world: from print and online publishing to radio and money-helper services for consumers, as well as sales and marketing services for SMB. Family-owned in the 5th generation, Bauer focuses on the long term, with a consumer-first mindset that guides us across our increasingly diverse portfolio. Our workforce of 11,500 shares a passion – to deliver content and services that are popular with, and helpful to, our customers and partners.

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