COVID-19 causes closures of publications for company
Despite solid merger and acquisition activity prior to its onset, Bauer was not unaffected by the COVID-19 pandemic. Notably, in April of 2020, the company shuttered its New Zealand branch for good, and with it, a portfolio of well-established Bauer Media NZ brands. Additionally, after purchasing Australian publisher Pacific Magazines, the company sold its entire Australian arm to Mercury Capital that June due to the pandemic’s effects.
COVID|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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