The Australian Competition and Consumer Commission ruling on whether Western Australia should effectively become a one newspaper state has been delayed by one week after parties requested more time to state their case. The ACCC will now hand down its findings on Seven West Media’s proposal to purchase The Sunday Times and website PerthNow from...
The ACCC will now hand down its findings on Seven West Media’s proposal to purchase The Sunday Times and website PerthNow from News Corp Australia on Thursday, August 4, instead of the previously touted date of July 28.
Seven West owns Channel Seven and The West Australian, which would effectively become a seven-day-a-week operation and the only metropolitan newspaper in the state if the proposal gets the green light.
The deal would allow Seven West to take advantage of a number of production and personnel efficiencies.
The proposed sale also includes a four-year content sharing arrangement between West Australian Newspapers and News Corp publications. The control of The Sunday Times’ buildings would remain with News Corp Australia.
Seven West chief executive and managing director Tim Worner said the company sees a “positive and growing future” for The Sunday Times brand, at the time the proposed acquisition was announced.
“Importantly, this proposed acquisition will allow our company to be in a stronger position to compete with the increasing presence of global content and platform businesses in the delivery of news and information,” Mr Worner said.
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