ACCC warns of reduced competition if Seven West Media is allowed to buy Sunday Times
The proposed Seven West Media acquisition of News Corp’s Sunday Times and perthnow.com.au may reduce advertising competition, quality and diversity of content in the West Australian market , the Australian Competition and Consumer Commission has posed.
The ACCC today released its Statement of Issues on the proposal which would see News Corp’s Sunday Times united with Seven West Media’s daily West Australian.
In a statement posted to the ASX this morning, ACCC chairman Rod Sims said: “A number of interested parties have expressed concern about the reduction in competition and the impact this would have on quality and diversity of content. A number of advertisers have also raised concern about the loss of competition for advertising opportunities in the print newspapers.
