Bauer Media Group acquires ACP Magazines
Bauer Media Group
has reached an agreement to acquire 100 per cent of ACP Magazines
. The sale will close in the next four to eight weeks.
ACP is Australia and New Zealand’s largest magazine publisher with titles including The Australian Women’s Weekly, Woman’s Day, Cleo, Take 5, TV Week, Australian House & Garden, Gourmet Traveller and Zoo. ACP also operates a Trader and Custom business.
“We are delighted to welcome ACP as a member of the Bauer Media Group”, said publisher and owner Yvonne Bauer, “ACP fits our strategy of developing the Bauer Media Group globally, we believe in print, and ACP’s strong brands in Australia and New Zealand are perfect platforms to expand into digital areas.”
Matthew Stanton, CEO of ACP said: "Being part of the Bauer Media Group provides ACP with a positive and clear future, under an owner who is focussed on magazines and who will support investment and growth in our business. This outcome provides a commitment for the long term for both our brands and our people."