I am told that management of NDD, the magazine distribution business owned by IPMG, management announced to staff yesterday that the company was exploring sale options following approaches from parties interested in the business.
Magazine distribution is a slim margin business. The key is volume of top selling titles. NDD is the smaller of three magazine distributors in Australia.
While the last year has been challenging for magazine publishers, distributors and retailers, there are signs of growth in the category.
It will be interesting to see in the reports of movement around the ownership of NDD are true and, if so, the impact on newsagents.
Mark your information is right. The announcement was made. I predict that Australia will soon have two magazine distributors.