Peter Gammell (right) with Kerry Stokes. Mr Gammell’s Octet has signed a partnership with Bank of Queensland. Pic: Hollie Adams/The Australian
Peter Gammell (right) with Kerry Stokes. Mr Gammell’s Octet has signed a partnership with Bank of Queensland. Pic: Hollie Adams/The Australian

No 'binding' deal to sell mags: Seven West

SEVEN West Media has responded to reports it is in talks to sell its magazine publishing arm to Bauer Media, saying "no binding agreement has been concluded".

"Any agreement, if were to be concluded, would be subject to regulatory approval and obtaining other consents," Seven West Media said in a statement on Monday to the ASX.

Mumbrella and The Australian last week reported that Seven West was in talks to sell Pacific Magazines to Bauer in a deal that would combine two of Australia's biggest magazine publishers.

Pacific Magazines' publications include Marie Claire, Better Homes & Gardens, Women's Health, Men's Health and New Idea, while Bauer publishes Woman's Day, Elle Australia and Empire, among other titles.

Seven West shares were up 5.5 per cent to 38.5 cents at 1316 AEDT.


Neighbouring farmers help bring fire under control

Neighbouring farmers help bring fire under control

The fire beside the Gregory Highway is “close to extinguished”.

Students top pedallers in state

Students top pedallers in state

Emerald Marist College’s HPV teams nabbed some of the top spots in this year’s...

BBQ ban in our state of emergency

BBQ ban in our state of emergency

'We're experiencing tinderbox-like conditions'