German group buys ACP Magazines

ACP Magazines, owners of quintessential Australian family magazine the Australian Women's Weekly, has been sold to German media conglomerate Bauer Media Group, Nine Entertainment announced on Wednesday.

Nine Entertainment Company previously owned ACP Magazines, which also included Woman's Day, TV Week, Cleo, Zoo Weekly and NW among other domestic titles in its stable.

Established in 1933, the publishing house was, for many years, one of Australian print media's most successful companies.

Nine chief executive David Gyngell said the impacts on ACP Australian operations were expected to be minimal.

Neither party would divulge how much Bauer paid for the Australian company.