Yesterday's announcement from the owner of the country's largest magazine wholesaler seems to have flown beneath the radar, but it could have major implications for the U.S. magazine industry. That's why we're publishing the news release word for word, which rarely happens at Dead Tree Edition.
We'll leave the analysis for others, except for a bit of background information:
- The News Group (TNG) is the wholesaler for the vast majority of magazine copies sold at retail in the U.S.
- Note that JPG will retain the part of TNG that merchandises magazines. (Wholesalers, rather than the stores themselves, are usually responsible for replacing old issues with new issues and deciding how they will be displayed.) That makes sense because JPG's massive distribution business delivers a variety of other products to grocery stores and other retailers.