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SORC Source Interlink Companies (MM)

0.11
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Source Interlink Companies (MM) NASDAQ:SORC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.11 0 01:00:00

Source Interlink Companies Signs Multi-Year Agreement to Resolve Suit against Curtis Circulation and Hachette Filipacchi

14/04/2009 10:22pm

Business Wire


Source Interlink (NASDAQ:SORC)
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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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