Smiths News agrees new long term contract with News UK
Connect Group’s Smiths News has renewed its long-term distribution contract with the publisher News UK.
In a statement issued today (4 July), Connect Group said the contract confirms “Smiths News’ current distribution territories within the United Kingdom through to July 2024” and “secures revenues of c£200m p.a. (at current values)”.
News UK titles include The Sun, The Times and Sunday Times.
Mark Cashmore, Chief Executive Officer of Connect Group, commented: “We are delighted to confirm this significant publisher agreement for our newspaper and magazine distribution business. Visibility of future revenues underpins the ability of Smiths News to continue to deliver strong profits and cash. The contract is good news for the supply chain as a whole and positions the Group well to secure a similar outcome with our other publisher partners.”