The Chairman’s presentation to the Annual Meeting of PMP (Gordon and Gotch parent co) yesterday doesn’t have much of interest for newsagents or publishers when it comes to magazine distribution. The chairman records that magazine distribution is challenged because of flat retail sales and the migration to digital. He talks about transforming the business but there is nothing significant transforming about that part of the business.
I am curious about one thing – I know of plenty of newsagents not experiencing a decline in magazine supply by Gotch so I am not sure how it plays out that the company says revenue is down. I’d love to see a report showing year on year billings by newsagency.
Very valid point Mark if there is a decline why are some newsagents still being bombarded with mags G&G know they cannot sell . How aware are their customers, the publishers of these comments from PMP.
As mentioned before i was a supplier to PMP some time ago and they where the worst company that i deal with. In the end i walked away, they where not worth the hassle.