WWMD, the magazine distributor, is to close later this year.
Posted on: 30 January 2017 07:34
Existing customers will be offered a continuation of supply through the parent companies of WWMD.
This decision, say the shareholders, is a result of the continuation of structural decline of the magazine market and the effect on the ongoing sustainability of the company.
The closure will take effect later this year. Existing customers of WWMD, where possible, will be offered a continuation of supply through the parent companies of WWMD.
WWMD Ltd is a 50/50 joint venture between Smiths News Trading Limited (a division of Connect Group PLC) and Menzies Distribution Ltd (a division of John Menzies PLC).
Tom Rodger, Newspaper & Magazine Account Director, Smiths News said, “The proposal to close the business is a very difficult one. WWMD have serviced the specialist retail market very successfully. However, it has become clear that that WWMD is no longer a sutainable business. We are keen to maintain services where possible and will be offering WWMDs customers a seamless transfer back into our parent companies if they so choose.”
Featured Supplier Video
Publishing Software Company
PSC’s software can help you grow your business with no extra effort just simply by giving you control over every aspect and streamlining the processes you already have in place.
Business growth comes through a combination of launching more titles and selling more advertising, and both these take time and time is the one thing that publishers just don’t seem to have enough of.
We can show you how you can revolutionise the way you manage your business in just 15 minutes; email email@example.com now to find out more.
Most read on InPublishing
These are the most read stories on the InPublishing website over the last 14 days, in order from the top.
This list is based on data from Google Analytics, and is refreshed every 24 hours. (Last updated: 30/03/2017 06:31)