A magazine monopoly in Australia???

In a story in The Australian on November 28, 2016, titled "Bauer makes overture to Seven West", it states that Bauer Media has made an offer to take over Seven West Media-owned Pacific Magazines. This is stunning as a monopoly occurring in newspapers in each state is something most people within the newsagency industry expected but not in magazines. If this story is so, it is accepted, and it gets ACCC approval, which will probably be needed, after that that means a magazine monopoly in Australia, with over 80 per cent of the Australian magazine market will form. Then if it follows what we have seen, be prepared for major reduction in many publications too e.g. Woman’s Day, Australian Women’s Weekly and New Idea.

Still I am wondering if there is any real alternative, as more consolidation is clearly in today's magazines environment required.