Immediate Media Company Bristol / Future Publishing merger inquiry
The CMA has accepted undertakings in lieu of reference for the completed acquisition by Immediate Media Company Bristol Limited of certain assets of Future Publishing Limited.
|Phase 1 date||Action|
|6 January 2015||Undertakings in lieu accepted|
|31 October 2014||Decision published|
|23 October 2014||Decision announced|
|28 August 2014||Launch of merger inquiry|
|28 August to 11 September 2014||Invitation to comment|
|21 July 2014||Initial enforcement order|
Undertakings in lieu of reference accepted
6 January 2015: The CMA has accepted undertakings in lieu of reference under the Enterprise Act 2002 for the completed acquisition by Immediate Media Company Bristol Limited of a number of magazines from Future Publishing Limited. As a result, the merger will not be referred for a phase 2 investigation. A copy of the CMA’s decision and the undertakings is available below.
- Immediate Media final undertakings (7.7.15)
- UIL acceptance decision (7.7.15)
- News story: CMA accepts sale of genealogy and needlecraft magazine titles (6.1.15)
Undertakings in lieu of reference consultation: Now closed
10 December 2014: We are consulting on proposed undertakings in lieu of a reference for the completed acquisition by Immediate Media Company Bristol Limited of a number of magazines from Future Publishing Limited.
- Notice of consultation (10.12.14)
- Immediate Media proposed undertakings (10.12.14)
- News story: CMA consults on Immediate Media undertakings (10.12.14)
CMA to consider undertakings offered
6 November 2014: The CMA considers that there are reasonable grounds for believing that the undertakings offered by Immediate Media, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the notice is available below:
- Notice to consider undertakings offered (28.11.14)
- News story: CMA to look at Immediate Media undertakings offer in detail (6.11.14)
Reference unless undertakings accepted
23 October 2014: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless Immediate offers acceptable undertakings to address these competition concerns. The full text of the decision is available below:
Full text decision (31.10.14)
Press release: Magazines merger could face in-depth investigation (23.10.14)
Invitation to comment: Now closed
28 August 2014: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
Initial enforcement order
21 July 2014: An initial enforcement order under Section 72(2) of the Enterprise Act 2002 was put in place against Immediate Media Company Limited and Immediate Media Company Bristol Limited by the CMA. A copy of the order can be found below:
Please send written representations about any competition or public interest to:
Competition and Markets Authority
37 Southampton Row
Published: 10 December 2014
Updated: 7 July 2015
Opened: 21 July 2014
Closed: 6 January 2015
- Undertakings in lieu acceptance decision, final undertakings and derogation published.
- Decision announced: clearance with undertakings in lieu.
- Undertakings in lieu of reference consultation launched.
Case type: Mergers
Case state: Closed
Market sector: Communications