Bauer Media announces full ownership of OK! Magazine in Australia and New Zealand
Bauer Media has announced the acquisition of the remaining 50 per cent of the weekly title, OK!, from its joint venture partner, Northern and Shell.
As well as buying out the second half of OK! Australia, Bauer Media will now own 100 per cent of the OK! Magazine brand in Australia and New Zealand.
Matthew Stanton, Bauer Media CEO, said, “This investment in OK!, in Australia and New Zealand, once again demonstrates our commitment to the market and the long-term viability of this popular global brand. OK! is a key brand in our publishing portfolio and we look forward to taking the title to the next level, with further investment in a number of publishing initiatives across multi-platforms.”
OK! was launched in Australia by Northern and Shell in 2004 with 50 per cent of the title acquired by Bauer Media in 2007.