Source Interlink Companies Signs Multi-Year Agreement to Resolve Suit against Curtis Circulation and Hachette Filipacchi
April 14 2009 - 4:22PM
Business Wire
Source Interlink Companies (NASDAQ:SORC) today announced
resolution of its antitrust claims against two additional
defendants � Curtis Circulation Company, LLC and Hachette
Filipacchi Media U.S., Inc.
The agreement, which resolved all matters to the mutual
satisfaction of the parties, included a multi-year agreement with
Curtis securing, under certain conditions, Source�s access to the
Curtis� magazine products and follows similar agreements reached
previously with Time, Inc., Time/Warner Retail Sales and Marketing,
Inc., Time Distribution Services, Inc., American Media, Inc.,
Distribution Services, Inc., Kable Distribution Services, Inc., The
News Group, L.P., and Hudson News Distributions, LLC.
�I am happy to make this announcement because it means that,
when considered in light of other recent agreements, we have
resolved our differences with virtually all our magazine suppliers.
We enjoy working with our trading partners and look forward to
continuing our mutually beneficial relationship for many years,�
declared Greg Mays, Chairman and CEO of Source. �These agreements
are effective immediately and assure that we can continue to supply
all our mainstream, specialty and international customers with the
variety of titles supplied by Curtis and Hachette.�
�As we move ahead, the prospect of growth is clear. It is fully
our intention to create a bond with our publishers and national
distributors that is as strong as the relationship we have with our
retail partners,� Mays added.
About Source Interlink Companies, Inc.
Source Interlink Companies, Inc. (NASDAQ:SORC), a media and
marketing services company, is a leading U.S. distributor of home
entertainment products and services and one of the largest
publishers of magazines and online content for enthusiast
audiences. Source Interlink Media, LLC publishes more than 75
magazines and 90 related Web sites. Source Interlink Distribution
(SID) services tens of thousands of retail store locations
throughout North America distributing DVDs, music CDs, magazines,
video games, books, and related items. In addition to distributing
more than 6,000 distinct magazine titles annually, the Company
maintains the largest in-stock catalog of CDs and DVDs in the US --
a combined total of more than 260,000 titles. Supply chain
relationships include consumer goods advertisers, subscribers,
movie studios, record labels, magazine, book, and newspaper
publishers, confectionary companies and manufacturers of general
merchandise.
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