Seven West Media confirms intention to buy News Corp’s The Sunday Times
Seven West Media has confirmed it is in negotiations to acquire The Sunday Times and Perth Now from News Corp, a move which would unite the Sunday paper with the daily West Australian.
The deal will be subject to regulatory approval from the Australian Competition and Consumer Commission (ACCC) as it will see both of Perth’s newspapers consolidated under one owner.
As part of the agreement, the two companies plan to implement a news content sharing agreement for The West Australian with News’ daily brands in Adelaide, Brisbane, Melbourne and Sydney.
Tim Worner, the CEO and managing director of Seven West Media, said: “We have always had a strong commitment to Western Australia with Channel Seven Perth and The West Australian and our digital platforms and we are looking to strengthen that commitment.
Pssst. I think the headline should say “News Corp’s”.
Either that or SWM might just be trying to be generous and buy News Corp something they already have.
Hi The Pedant,
Thanks for that – I’ve just fixed the headline!
Cheers,
Miranda – Mumbrella