THE GERMAN COMPETITION AUTHORITY CLEARED THE SPLITTING PLANS OF THE ADVERTISING NEWSPAPER ACTIVITIES OF LENSING MEDIA AND FUNKE MEDIENGRUPPE
The German Competition Authority has elucidated plans to split the advertising newspaper activities of Ostruhr Anzeigenblattgesellschaft (ORA). Until now ORA has been jointly controlled by Lensing Media and Funke Mediengruppe and publishes advertising newspapers in the eastern Ruhr area. Lensing Media and Funke Mediengruppe now wish to end their cooperation in ORA.
Herein after, Lensing Media is to be the sole publisher of ORA’s advertising newspapers in Dortmund, Lünen, Schwerte, Castrop-Rauxel, Dorsten and Haltern, and Funke Mediengruppe is to publish ORA’s advertising newspapers in Bochum/Wattenscheid, Witten, Gladbeck and Bottrop.
The President of the German Competition Authority mentioned that they were able to approve the project because the acquisition of ORA’s various advertising newspapers will not further worsen the competitive situation on the local advertising and reader markets in this specific case.
Please find the press release here.