Monday, May 15, 2017

British newsstand distributor Comag's owners Hearst and Condé Nast bail out

The future is quite uncertain for Comag in Great Britain as a major newsstand distributor. Its two, principal owners -- Hearst UK and Condé Nast Britain -- have withdrawn. Comag has a 23 per cent share of the UK newsstand market.

Hearst UK publishes 24 magazines and website titles, including: Good Housekeeping, Elle, Harper’s Bazaar, Esquire, Red and Men’s Health. It owns 65 per cent of Comag.

Condé Nast Britain publishes 16 magazines and websites including: Vogue, GQ, Tatler, Wired and Vanity Fair. It owns the remaining 35 per cent of Comag.

The announcement, reported by Press Gazette, that the two partners were to "withdraw" was made without elaboration, other than that there would be some unspecified consultation with staff, clients and suppliers.



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