Thursday, May 25, 2017

Conde Nast & Hearst Divest Themselves of the U.K. Distribution Business, Comag U.K.'s Future Is Uncertain - Publishing Executive

What will happen now?
Today, Panzer was barely into the Catosphere when he heard wailing and crying. Our brave kitty followed the lamentations and found himself at the Publishing Executive site. It didn't take any digging at all to discover the source of all the noise was a post about distribution company Comag U.K.

According to the post by Linda Ruth, Conte Nast and Hearst have withdrawn from Comag U.K. Since these two are the sole owners of Comag, the distribution company's future is unknown. The options would appear to be the sale of the company or shutting it down. Currently, the company is continuing business as usual. Comag is responsible for 23 percent of the U.K. newsstand distribution of U.S. publications.

Panzer says, "Hmm ... How can it be business as usual if there's nobody to run the company?"

Note: This is a shortish-medium post. Bring a cup of tea and one muffin for today's reading selection.

To read the post tootle over to Comag U.K. Distribution Business

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