News wholesaler Smiths News said it has secured a new long-term contract with Reach Plc, publisher of over 120 media brands including the Daily Mirror, Sunday Mirror, The Sunday People, Daily Express, Sunday Express, Daily Star, Daily Star Sunday and OK! magazine.
The new contract with Reach is for all of Smiths News’ current distribution territories in the UK through to 2029, representing revenues of around £160 million per year at current market values, the company said.
Smiths News has now formally secured long-term contracts with 91 per cent of its newspaper and magazine revenues.
“I am delighted that we have now formally concluded our new contract negotiations with Reach and look forward to ensuring the widespread access and availability of their titles for readers in communities across the UK,” Jon Bunting, Smiths News chief executive, commented.
“The extent of our contracts with major titles continues to demonstrate the pivotal role Smiths News plays in the early morning supply chain. We have now secured over 90 per cent of our newspaper and magazine revenues through to 2029 which provides underlying revenue stability in addition to creating a robust platform from which to support our growth ambitions for the business.”
