A newsagent contacted me yesterday reporting extraordinary magazine oversupply planned for their business by Network Services for tomorrow, October 31. In their own words here are their concerns:
Just thought this might be interesting to post on your Blog, Network are saying the last day to submit returns for this month is Wednesday 30th .My concern is there is a lot of stock coming in on Thursday which they just confirmed with me via phone can be submitted but probably wont appear on this months statement.
How can they scale out magazines on the last day of the month and then say you probably wont get a credit for any excess ? Is this legal?
Their excuse was with so many returns being submitted online their computer systems cannot process all the data in time to guarantee the credit appears on Octobers statement.
How become Gotch accepts returns via exchange it on then last day where as Network.
I would be interested to know how other Newsagents handle this.
The only way to fight magazine oversupply is through a structured legal process. Until newsagents do this they will continue to be treated as they have been.