<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The owner of magazine publisher Are Media has signalled plans to sell off its print assets, including legacy title </span><em><span>Australian Women's Weekly.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Mercury Capital purchased the stable of popular magazine titles, once separately owned by Bauer Media Australia &amp; New Zealand and Pacific Magazines, in 2020.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Five years on, Mercury has made a move to offload some of Australia's biggest magazine titles.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/donald-trump-tariffs-seven-more-letters-sent-out-notifying-increases/3f9c772f-955d-45b0-8b74-b0a8f2eb7687" target="_blank"><strong><span>Donald Trump blindsides seven more nations with tariff letters</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Are Media publishes 20 titles – among them are </span><em><span>marie claire, ELLE, New Idea, that's life!, Take 5, Woman's Day, WHO, Better Homes and Garrden</span></em><span> and </span><em><span>Gourmet Traveller.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company also owns a freight and logistics business named Are Direct, which delivers the magazines around the country.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Are Media chief executive Jane Huxley reportedly told staff of Mercury's plans this week but assured them it is still business as usual.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/are-media-owner-mercury-capital-signals-plan-to-sell-off-magazine-assets-australian-womens-weekly-new-idea/283d5004-cc85-4f50-b75d-36822a1e16ef" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/missing-surfer-darcy-deefholts-found-on-island-off-new-south-wales-coast/c29429ce-c341-4bb3-b7de-0b0e2c3e1fa3" target="_blank"><strong><span>Missing surfer, 19, found marooned on island 12km from NSW coast</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/russia-ukraine-war-russia-launches-biggest-attack-of-invasion-more-than-700-drones/3d60f01b-58e4-40da-b364-9039324cb29d" target="_blank"><strong><span>Over 700 drones in Russia's record-breaking Ukraine attack</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Mercury Capital acquired Bauer Media's Australian print and digital assets in June 2020 for an estimated $40 to $50 million.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In March that year, Bauer Media bought Seven West Media's Pacific Magazines, acquiring the likes of </span><em><span>Girlfriend</span></em><span> and </span><em><span>Men's Health.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The acquisition brought rival titles under the one roof.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>KMPG is expected to lead the sales process but it is understood Mercury isn't looking for a quick sale.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span></span><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple App Store</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a><strong><em><span>.</span></em></strong></div></div>