News Corp Australia

[TV.Cynic]

ACCC clears Seven West’s acquisition of West Australian media outlets

The ACCC has cleared Seven West’s (SWM) acquisition of The Sunday Times newspaper and the Perth.now.com.au website from News Limited.

News Corp Australia agreed in May to sell The Sunday Times and its PerthNow website to Seven West Media for a price believed to be in the range of $12-$15 million.

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Seven West Media

Seven West Media welcomes regulatory approval for the acquisition of Perth Now and The Sunday Times Seven West Media today welcomed regulatory approval from the ACCC for Seven West Media to acquire Perth Now and The Sunday Times from News Corporation, and will now proceed to finalise negotiations. Commenting on the ACCC green light, the Chief Executive Officer and Managing Director of Seven West Media, Tim Worner, said: “We are genuinely excited about this acquisition. We will have great a…