Trinity Mirror grants distribution deals to Smiths and Menzies
Posted by Emily Dilling on May 29, 2009 at 4:39 AM
Smiths News ans John Menzies have been granted distribution deals from the Trinity Mirror, striking a blow to thier rival, Dawson Holdings, Reuters reported
While John Menzies has renewed its contract with Trinity, Smiths is engaged in its first contract with the company, which wall last for five years and has an annual value of over 200 million pounds.
Dawson Holdings, however, will not re-up its contract with Trinity. Profits generated from the Mirror last year accounted for 65 million pounds of Dawson's revenue. Along with losing Trinity, Dawson has also seen 463 million pounds in annual profits through major contracts disappear, approximately 67 percent of the company's news divisions' yearly profits.
While John Menzies has renewed its contract with Trinity, Smiths is engaged in its first contract with the company, which wall last for five years and has an annual value of over 200 million pounds.
Dawson Holdings, however, will not re-up its contract with Trinity. Profits generated from the Mirror last year accounted for 65 million pounds of Dawson's revenue. Along with losing Trinity, Dawson has also seen 463 million pounds in annual profits through major contracts disappear, approximately 67 percent of the company's news divisions' yearly profits.
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