• Will the NPA stand up?

    Solly Moeng wonders if the NPA head will reinstate criminal charges against president Zuma.

  • Commodity currency

    Jac Laubscher asks if the true exchange rate of the rand is really a cue from commodity prices.

  • Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

All data is delayed
Loading...
See More

Paarl Media merger set aside

Jul 26 2011 17:22
Sapa

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1939
Change 45
% Change 2
Cumulative volume 1394685
Market cap 0

Last Updated: 04-05-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Caxton wants merger decision reversed

 
Johannesburg - The Competition Tribunal on Tuesday set aside a decision to allow a merger between Paarl Media and Primedia@Home.

The tribunal found that the Competition Commission had not properly applied its mind to the facts.

Caxton and CTP Publishers had applied to the tribunal to review the commission's decision in January to unconditionally approve the merger.

The commission would now have to reconsider the case with a different investigation team.

Caxton, which is a competitor to Paarl Media, said the commission's process in assessing the merger "was tainted with errors and irregularities".

The tribunal decision on its website said it was "concerned with the manner in which the commission has arrived at its decision".

It found that the commission had overlooked or failed to deal with critical evidence about the potential competitive effects of the merger.

Caxton said it raised concerns, during the commission's investigation, that it would be negatively affected by the merger.

It claimed the commission did not properly take these and other factors into account in reaching its decision.

Paarl Media is an indirect subsidiary of Media 24, which is ultimately controlled by Naspers Ltd [JSE:NPN]. Media 24 in turn controls On the Dot, which distributes leaflet advertising by way of knock and drop distribution.

Paarl Media is a commercial printing operation which prints a wide variety of printed material including magazines, newspapers and leaflets, and also produces and distributes a branded advertising jacket called Shoppers Friend.

Primedia@Home and On the Dot would have an 80% combined market share in the knock-and-drop distribution market.

* Fin24 is a Naspers publication
caxton  |  media 24  |  naspers

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...