Condé Nast & Hearst Divest Themselves of the U.K. Distribution Business; Comag U.K.’s Future Is Uncertain
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There isn’t much to say about the latest upheaval hitting our industry, because apparently not a lot is, as yet, known. Just this: Hearst and Condé Nast have “pulled out” from Comag, their joint venture U.K. distribution company, as a result, according to the U.K. trade press, of about £4 million (about $5.2 million) in losses last year.
This won’t mean much to those U.S. publishers who don’t have a U.K. distribution; to those who export to the U.K.,
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