Consolidated Press was formed in 1936, combining ownership of The Daily Telegraph and Frank Packer's Australian Women's Weekly.

[1] The Daily Telegraph was sold to News Limited in 1972; the same year ACP founded Cleo and took over Publishers Holdings (including Australian House & Garden, Wheels, and others).

[citation needed] In 1988, ACP acquired John Fairfax's magazines (including Woman's Day, People, Dolly, and Good Housekeeping).

[6] In June 2020, Mercury Capital acquired Pacific Magazines as part of its purchase of Bauer's former Australian and New Zealand assets.

[7][8] In September 2012, Nine Entertainment announced that it had agreed to sell ACP Magazines to the German multinational publishing company Bauer Media for an estimated A$500 million, with the sale completed on 1 October 2012.

[12] The publisher had many tie-ins with other Nine Entertainment Co. companies, such as Nine Network programs (Burke's Backyard and Good Medicine) and the Magshop web service, which is now operated by Bauer Media Group.