Bauer and Pac Mags play chicken, pay cuts persist, and the socially-distant pitch process

Mumbrellacast · Apr 9, 2020 · 1h 12m

This week saw the ultimate game of chicken being played by Bauer Media and Pacific Magazines. Rumours had it that Bauer was ghosting Pac Mags over its impending $40m acquisition. Pac Mags took Bauer to court, then told the ASX 'Everything is fine'. 24 hours later the deadline for the sale was pushed back a month. The Mumbrellacast team discusses what is really going on. And, as is the sad reality of the industry right now, more cuts took place at Foxtel, ARN and WPP AUNZ. While lower paid staff face heavy implications, the team took a deep dive into the salaries of WPP execs to determine who…