Wiltshire’s Smiths News agrees deal with Mirror publisher

Smiths News, the Swindon-headquartered newspaper wholesaler, has secured a new long-term contract with Daily Mirror and Daily Express publisher Reach.

The agreement is for all of Smiths News’ current distribution territories in the UK through to 2029, representing revenues of around £160m a year at current market values.

Smiths News has now formally secured long-term contracts with 91% of its newspaper and magazine revenues.

Jon Bunting, CEO, said: “I am delighted that we have now formally concluded our new contract negotiations with Reach and look forward to ensuring the widespread access and availability of their titles for readers in communities across the UK. The extent of our contracts with major titles continues to demonstrate the pivotal role Smiths News plays in the early morning supply chain.

“We have now secured over 90% of our newspaper and magazine revenues through to 2029 which provides underlying revenue stability in addition to creating a robust platform from which to support our growth ambitions for the business.”