Media Monitors apply for clearance to acquire Chong

The Commerce Commission has received an application from Media Monitors Pty Limited seeking clearance to acquire all the business and assets of Chong Bureau Limited.

Media Monitors provides a range of media intelligence services. Primarily, this involves the gathering, collation and distribution of press and broadcast media to businesses and other organisations. Media Monitors is a private company that operates in a number of countries in the Asia-Pacific region including Australia and New Zealand.

Chong Bureau Limited also provides media intelligence services in New Zealand, under the brand name ‘Chong Newztel Media_watch’. Chong Bureau Limited is a private company with offices in Auckland and Wellington.

In considering the application, the Commission’s role is to determine whether the acquisition has the effect of substantially lessening competition in a market.

A public version of the application will shortly be available on the Commission’s website www.comcom.govt.nz under Public Registers. A statement of preliminary issues, outlining the Commission’s view on the competition issues that could arise if the proposed merger were to proceed, will also be released shortly.