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Bauer Media NZ bought by Australian investment company

An Australian investment company has bought the Bauer magazine business on both sides of the Tasman.

Source: 1 NEWS

Sydney-based Mercury Capital now owns titles including the New Zealand Women's Weekly, Women's Day, The Listener, and North and South.

The German-based Bauer magazine publisher shut its New Zealand operation in April with the loss of 237 jobs.

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It said the Covid-19 lockdown had compounded problems of falling advertising revenue and made the business unviable.

Mercury Capital is run by an ex-pat New Zealander, Clark Perkins, and owns the Blue Star printing company in this country.

rnz.co.nz