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Courier-Mail
5 days ago
- Business
- Courier-Mail
Mercury Capital selling publisher of Women's Weekly and other titles
Don't miss out on the headlines from Magazines. Followed categories will be added to My News. Australia's longest running magazines for women are on the market for a potential buyer to own some of the nation's most well known brands. Publisher Are Media, which publishes the Australian Women's Weekly, New Idea, Better Homes and Gardens, TV Week, Marie Claire and other well known magazines, is up for sale. The Women's Weekly is Australia's most read magazine and the New Idea has been printed for more than 120 years. The owner of Are Media has put the magazine titles up for sale. Are Media estimates 90 per cent of Australian woman seeking 'entertainment, inspiration, information and escapism' read their magazines each month. The New Idea has been printed in Australia since 1902. The publishing group was started by Sir Frank Packer (father of Kerry Packer) and Edward Theodore in 1932 and later merged with the Associated Press to become Australian Consolidated Press. Bauer Media acquired the magazines in 2012 for an estimated $525m from ACP, then bought Pacific Magazines acquiring Marie Claire and Better Homes and Gardens from Seven West Media in 2020 for $40m. Mercury Capital took ownership of the publisher for an estimated $40m to $50m in 2020, five years on, they have now listed the business for sale with KPMG Corporate Finance The publisher of The Australian Women's Weekly, Are Media is up for sale. A Mercury Capital spokesman said they had decided to sell Are Media. 'Further to recent speculation, and on the back of a number of market inquiries and approaches, we can confirm that a decision has been made to commence a sale process for Are Media, Australia's leading omnichannel content company for women,' he said. An email from Are Media chief executive officer Jane Huxley to staff said the decision came from a place of strength and optimism. Mercury Capital confirmed they were selling Are Media five years after they purchased the publishing business from Bauer Media. Picture: Supplied 'We've built incredibly strong foundations, and now it's time to take the next step,' she said in the email. 'Nothing changes day to day. Our teams, priorities, your roles, and goals stay the same. 'We'll keep delivering great content, driving results, and doing what we do best. 'We are committed to delivering 2025 and will be planning for 2026 the same way we always have.' Originally published as The publisher of iconic Aussie magazines the Women's Weekly, New Idea and Better Homes and Gardens has put the titles up for sale
News.com.au
5 days ago
- Business
- News.com.au
The publisher of iconic Aussie magazines the Women's Weekly, New Idea and Better Homes and Gardens has put the titles up for sale
Australia's longest running magazines for women are on the market for a potential buyer to own some of the nation's most well known brands. Publisher Are Media, which publishes the Australian Women's Weekly, New Idea, Better Homes and Gardens, TV Week, Marie Claire and other well known magazines, is up for sale. The Women's Weekly is Australia's most read magazine and the New Idea has been printed for more than 120 years. The owner of Are Media has put the magazine titles up for sale. Are Media estimates 90 per cent of Australian woman seeking 'entertainment, inspiration, information and escapism' read their magazines each month. The publishing group was started by Sir Frank Packer (father of Kerry Packer) and Edward Theodore in 1932 and later merged with the Associated Press to become Australian Consolidated Press. Bauer Media acquired the magazines in 2012 for an estimated $525m from ACP, then bought Pacific Magazines acquiring Marie Claire and Better Homes and Gardens from Seven West Media in 2020 for $40m. Mercury Capital took ownership of the publisher for an estimated $40m to $50m in 2020, five years on, they have now listed the business for sale with KPMG Corporate Finance A Mercury Capital spokesman said they had decided to sell Are Media. 'Further to recent speculation, and on the back of a number of market inquiries and approaches, we can confirm that a decision has been made to commence a sale process for Are Media, Australia's leading omnichannel content company for women,' he said. An email from Are Media chief executive officer Jane Huxley to staff said the decision came from a place of strength and optimism. 'We've built incredibly strong foundations, and now it's time to take the next step,' she said in the email. 'Nothing changes day to day. Our teams, priorities, your roles, and goals stay the same. 'We'll keep delivering great content, driving results, and doing what we do best. 'We are committed to delivering 2025 and will be planning for 2026 the same way we always have.'
Perth Now
5 days ago
- Business
- Perth Now
Iconic Aussie magazines up for sale
Australia's longest running magazines for women are on the market for a potential buyer to own some of the nation's most well known brands. Publisher Are Media, which publishes the Australian Women's Weekly, New Idea, Better Homes and Gardens, TV Week, Marie Claire and other well known magazines, is up for sale. The Women's Weekly is Australia's most read magazine and the New Idea has been printed for more than 120 years. The owner of Are Media has put the magazine titles up for sale. Are Media estimates 90 per cent of Australian woman seeking 'entertainment, inspiration, information and escapism' read their magazines each month. The New Idea has been printed in Australia since 1902. Credit: Supplied The publishing group was started by Sir Frank Packer (father of Kerry Packer) and Edward Theodore in 1932 and later merged with the Associated Press to become Australian Consolidated Press. Bauer Media acquired the magazines in 2012 for an estimated $525m from ACP, then bought Pacific Magazines acquiring Marie Claire and Better Homes and Gardens from Seven West Media in 2020 for $40m. Mercury Capital took ownership of the publisher for an estimated $40m to $50m in 2020, five years on, they have now listed the business for sale with KPMG Corporate Finance The publisher of The Australian Women's Weekly, Are Media is up for sale. Credit: Supplied A Mercury Capital spokesman said they had decided to sell Are Media. 'Further to recent speculation, and on the back of a number of market inquiries and approaches, we can confirm that a decision has been made to commence a sale process for Are Media, Australia's leading omnichannel content company for women,' he said. An email from Are Media chief executive officer Jane Huxley to staff said the decision came from a place of strength and optimism. Mercury Capital confirmed they were selling Are Media five years after they purchased the publishing business from Bauer Media. Supplied Credit: Supplied 'We've built incredibly strong foundations, and now it's time to take the next step,' she said in the email. 'Nothing changes day to day. Our teams, priorities, your roles, and goals stay the same. 'We'll keep delivering great content, driving results, and doing what we do best. 'We are committed to delivering 2025 and will be planning for 2026 the same way we always have.'
West Australian
5 days ago
- Business
- West Australian
The publisher of iconic Aussie magazines the Women's Weekly, New Idea and Better Homes and Gardens has put the titles up for sale
Australia's longest running magazines for women are on the market for a potential buyer to own some of the nation's most well known brands. Publisher Are Media, which publishes the Australian Women's Weekly, New Idea, Better Homes and Gardens, TV Week, Marie Claire and other well known magazines, is up for sale. The Women's Weekly is Australia's most read magazine and the New Idea has been printed for more than 120 years. The owner of Are Media has put the magazine titles up for sale. Are Media estimates 90 per cent of Australian woman seeking 'entertainment, inspiration, information and escapism' read their magazines each month. The publishing group was started by Sir Frank Packer (father of Kerry Packer) and Edward Theodore in 1932 and later merged with the Associated Press to become Australian Consolidated Press. Bauer Media acquired the magazines in 2012 for an estimated $525m from ACP, then bought Pacific Magazines acquiring Marie Claire and Better Homes and Gardens from Seven West Media in 2020 for $40m. Mercury Capital took ownership of the publisher for an estimated $40m to $50m in 2020, five years on, they have now listed the business for sale with KPMG Corporate Finance A Mercury Capital spokesman said they had decided to sell Are Media. 'Further to recent speculation, and on the back of a number of market inquiries and approaches, we can confirm that a decision has been made to commence a sale process for Are Media, Australia's leading omnichannel content company for women,' he said. An email from Are Media chief executive officer Jane Huxley to staff said the decision came from a place of strength and optimism. 'We've built incredibly strong foundations, and now it's time to take the next step,' she said in the email. 'Nothing changes day to day. Our teams, priorities, your roles, and goals stay the same. 'We'll keep delivering great content, driving results, and doing what we do best. 'We are committed to delivering 2025 and will be planning for 2026 the same way we always have.'
9 News
6 days ago
- Business
- 9 News
Some of Australia's most popular magazine titles are up for sale
Your web browser is no longer supported. To improve your experience update it here BREAKING Multiple pedestrians hit by car in Melbourne The owner of magazine publisher Are Media has signalled plans to sell off its print assets, including legacy title Australian Women's Weekly. Mercury Capital purchased the stable of popular magazine titles, once separately owned by Bauer Media Australia & New Zealand and Pacific Magazines, in 2020. Five years on, Mercury has made a move to offload some of Australia's biggest magazine titles. Mercury Capital has made a move to offload some of Australia's biggest magazine titles. (Are Media) Are Media publishes 20 titles – among them are marie claire, ELLE, New Idea, that's life!, Take 5, Woman's Day, WHO, Better Homes and Garrden and Gourmet Traveller. The company also owns a freight and logistics business named Are Direct, which delivers the magazines around the country. Are Media chief executive Jane Huxley reportedly told staff of Mercury's plans this week but assured them it is still business as usual. Are Media magazine titles including the Australian Women's Weekly and Woman's Day. (Australian Women's Weekly/Are Media/Supplied) Mercury Capital acquired Bauer Media's Australian print and digital assets in June 2020 for an estimated $40 to $50 million. In March that year, Bauer Media bought Seven West Media's Pacific Magazines, acquiring the likes of Girlfriend and Men's Health. The acquisition brought rival titles under the one roof. KMPG is expected to lead the sales process but it is understood Mercury isn't looking for a quick sale. media Australia national money CONTACT US
