Macquarie Media Holdings Limited - s.87B undertaking

The ACCC considered the proposal by Macquarie Media Group to acquire Southern Cross Broadcasting (Australia) Limited.

On 17 October 2007, the ACCC decided not to oppose the proposed acquisition, subject to the acceptance of s87B undertakings from Macquarie Media Group.

These undertakings require that, if Southern Cross Syndication Pty Limited is not sold to Fairfax, Macquarie Media Group will divest Southern Cross Syndication Pty Limited and related assets to a purchaser approved of by the ACCC.

These undertakings require that the divestiture assets be held separate and are not interfered with in the period up until they are sold. If the assets are not sold to Fairfax, these undertakings require independent management of the assets until the assets are sold to an approved purchaser.