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.



PHOTOS: The home that is expected to smash Lismore records

premium_icon PHOTOS: The home that is expected to smash Lismore records

Century-old home is on the market for the first time in years

Swim coach makes a big splash

premium_icon Swim coach makes a big splash

A coach and an athlete from the same country sports club have been selected to...

How much water is needed to keep our Christmas tree alive?

premium_icon How much water is needed to keep our Christmas tree alive?

LISMORE CBD’s new Christmas tree has left many people questioning if it was the...