Iconic New Zealand magazine titles NZ Woman’s Weekly and the NZ Listener will resume publication immediately, with Bauer Media’s titles officially sold to an Australian investment company.
The magazine titles have been officially taken over by Mercury Capital.
The Sydney-based company has taken ownership of magazine titles Woman’s Day, New Zealand Woman’s Weekly, and The Australian Women’s Weekly NZ, Your Home & Garden, the NZ Listener and Air New Zealand’s magazine Kia Ora.
Mercury Capital has sold North and South and Metro to independent publishers, which will resume publication “as soon as possible”.
North & South is going to independent publishers Konstantin Richter and Verena Friederike Hasel, while
Metro has been sold to Simon Chesterman.
In April, Bauer Media announced it was shutting its New Zealand operations at a loss of 237 jobs.
The future of the remaining titles, NEXT, Taste, Fashion Quarterly, HOME and Simply You are being assessed.