News: PRT ACCC Will Not Oppose Seven West Media'S Proposed Acquisition Of Prime Media Group

Dec 18 (Reuters) - ACCC :

• WILL NOT OPPOSE SEVEN WEST MEDIA'S PROPOSED ACQUISITION OF PRIME MEDIA GROUP
• APPROVAL OF DEAL IS MADE ON BASIS THAT SEVEN WEST MEDIA WILL DIVEST ITS SPIRIT AND REDFM RADIO NETWORKS IN REGIONAL WA TO A THIRD PARTY
• NOTES RECENT MEDIA SPECULATION THAT PRIME'S SHAREHOLDERS MAY NOT VOTE IN FAVOUR OF DEAL AT THEIR VOTE SCHEDULED FOR THURSDAY 19 DEC
• "CONCLUDED THAT PROPOSED ACQUISITION WAS UNLIKELY TO SUBSTANTIALLY LESSEN COMPETITION OR CHOICE FOR ADVERTISERS AND CONSUMERS”