Following on from PMP's purchase of Times' publishing assets, Fairfax has bought the company's publishing arm
Fairfax has applied to the Commerce Commission, seeking clearance to acquire Times Media mastheads the Rodney Times, the Coaster and the Outlook, and associated assets, including the stationery shop owned and operated by Times Media. Fairfax is a wholly owned subsidiary of Australian company John Fairfax Holdings Limited, which publishes the major metropolitan newspapers in Sydney and Melbourne, along with Australia’s Financial Review.
In New Zealand, Fairfax’s operations include nine daily newspapers, including The Dominion Post and The Press, two national Sunday papers, magazines, a magazine publishing business, an internet operation, and over 60 community newspapers throughout the country.
Times Media has both a media (Times Media Division) and print division (Times Colour Print). The print division, Times Colour Print, is a privately owned printing company based in Warkworth, which prints newspapers, magazines and brochures, and has been bought separately by PMP.
In considering the application, the CommissionÂ’s role is to determine whether the acquisition has the effect of substantially lessening competition in a market.
