Sharechat Logo

ACP takes NetGuide

By Nevil Gibson

Friday 9th May 2003

Text too small?
Australian media magnate Kerry Packer's ACP magazine group has made New Zealand publisher Phil Ryan happy and rich after acquiring the successful internet mag NetGuide on both sides of the Tasman.

The sum was not disclosed but will be in the millions based on the circulation and market leadership of the two titles, which sell 37,000 copies in New Zealand and 41,000 in Australia in separate editions.

ACP already has Australia's two leading computer magazines, PC User (60,000 monthly) and APC (Australian Personal Computer) (49,000). Only PC User and Australian NetGuide have shown any circulation growth in a market that peaked a few years ago.

In New Zealand, NetGuide has clear leadership with its non-jargon, net-surfing content in the pocket-sized A5 format, which has also proved a winner with children's titles.

Mr Ryan will remain with NetGuide and work with ACP over the next three years.

ACP Media managing director Bruce Cotterill said: "The acquisition of NetGuide provides ACP with an entry point into the business and computer publishing market in New Zealand." ­

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite
ANALYSIS: Why banks don't pass on full OCR cuts
NZ Europeans make up 80% of business leaders, survey shows
Zespri tries to whet American appetite for kiwifruit
MARKET CLOSE: NZ shares fall as Pushpay follows Aussie software firms lower

IRG See IRG research reports