Contract Renewal with Marketforce
Smiths News renewed five-year distribution contract with Marketforce through 2029, securing 31% of magazine revenues.
- Contract duration 5 years to 2029
- Magazine revenues secured 31%
- Total newspaper and magazine revenues 9%
- Cumulative revenue contracts renewed 74%
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Contract Renewal with
Smiths News is pleased to announce that it has successfully secured a new five year contract with the magazine distributor Marketforce (UK) Limited.
The new agreement secures all of Smiths News' current distribution territories in the UK with Marketforce through to 2029, representing 31% of our magazine revenues and 9% of our total newspaper and magazine revenues.
Marketforce is part of Future plc and as well as distributing Future's titles, Marketforce also represents a broad portfolio of independent publishers.
Together with other recently announced contract awards, Smiths News has now renewed agreements representing 74% of its current newspaper and magazine revenues.
Jon Bunting, Chief Executive Officer, commented:
"Following previous contract wins, we are delighted to confirm this new agreement with Marketforce, a position that further cements our critical role in the wholesale distribution of news and magazines and which allows us to continue to invest in the long-term sustainability and simplification of the supply chain. Having now secured all of our major magazine contracts we remain confident that we will reach similar agreements with the remaining newspaper contracts."
Stuart Marriner, General Counsel & Company Secretary
Smiths News plc
Rowan House
Cherry Orchard North
Kembrey Park
Swindon
SN2 8UH
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