Supanews is not part of the voluntary administration of RED Group. While RED Group is a shareholder in the Supanews operation, the newsagency franchise businesses has, I am told, a separate commercial structure. A check of the ASIC website this morning indicates that no Supanews business is currently in administration.
It is disappointing therefore to read and hear that some in our channel are saying that Supanews is in administration.
Of course, Supanews will be impacted one way or another by the administration of RED Group. As to where this goes who knows? In the meantime, those who report and commentate need to get their facts right.
Disclosure: My newsagency software company Tower Systems is a supplier to some Supanews stores.