A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Poor treatment of the newsagent who sold his business

I heard today from a former newsagent today about the challenges he faced in dealing with two major suppliers following the sale of his business. One newspaper publisher insisted that his solicitor hold a cheque for $15,000 until final account was paid even though he had an exemplary payment record. It took this supplier a month to finalise return credits – the final amount owing was $2,500. Another supplier allocated final return credits to the incoming newsagent and it took a month to get this sorted out and the appropriate credit arranged.

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Newsagency challenges

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