Are Media hits the market

Are Media, the publisher of magazines including TV Week, is on the market.
Its magazine stable also includes The Australian Women’s Weekly, Woman’s Day, New Idea, Who, and Take 5.
Mediaweek reports Mercury Capital, led by venture capitalist Clark Perkins, acquired then-Bauer Media for an estimated $40–50 million in 2020. That deal came just eight years after Bauer had paid $525 million for the formerly-known ACP Magazines.
A spokesperson said: “Further to recent speculati