Germany’s Bauer paid $7M for APN’s magazines

Sun, 06 Jul 2014

By Pam Graham July 7 (BusinessDesk) – APN News & Media sold the New Zealand Woman’s Weekly, The Listener, Simply You, Simply You Living and Crème to Germany’s Bauer Media Group for $7 million. The November deal got the thumbs-up from the Commerce Commission in January even though Hamburg-based Bauer already published 20 magazines in New Zealand but the price was not disclosed at the time. It has now turned up in a note to the accounts of APN News & Media’s New Zealand subsidiary Wilson & Horton Ltd filed to the Companies Office. “Under...

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