Newspaper and magazines distributor Smiths News said that it has successfully secured a new long-term contract with Associated Newspapers Limited, publisher of the ‘Daily Mail’, ‘The Mail on Sunday’ and the ‘i’ newspaper.
Smiths News renewals
The new agreement reached with Associated Newspapers represents the first of the major newspaper publisher contract renewals and follows closely on from this week’s announcement of Smiths News having successfully secured new five-year magazine distribution agreements with each of Frontline and Seymour.
The new agreement with Associated Newspapers is for all of Smiths News’ current distribution territories in the UK through to 2029, representing revenues of around £155m per year at current market values.
Combined with Frontline and Seymour, this now means that Smiths News has secured long-term contracts with 35% of its newspaper and magazine revenues.Â
The Swindon-based company said that the new contracts are an endorsement of the future of the printed newspaper and magazine categories and confirm it’s leading position in the sector.
Jon Bunting, Chief Executive Officer, said: “I am delighted that we have agreed a new contract with Associated Newspapers, building upon the recently announced Frontline and Seymour renewals.
“We look forward to working with Associated Newspapers to ensure the widespread access and availability of their titles for readers and continuing to demonstrate the pivotal role we play in the supply chain.Â
“Renewal of our publisher contracts remains a strategic priority for the business, underpinning the long-term sustainability of the business.”
Smiths News is listed on the London Stock Exchange. It was originally known as WHSmith News and was created and renamed Smiths News PLC in 2006 following a demerger of WHSmith.