Magazine distributor NDD closes its doors

Magazine distribution in Australia is to become a two horse race with the Michael Hannan-owned NDD closing its doors.  

The market now features just two large distributors – Gordon & Gotch and the ACP-owned Network Services.

Publishers were told in a note from NDD:

Dear Publisher,
Changes at NDD
As a consequence of a recent significant reduction of distribution volumes, IPMG (NDD’s parent
company and shareholder) has reluctantly taken the decision to wind down the NDD business.
It is NDD’s intention to manage the process in an orderly fashion as magazine product in the
system works its way through the retail channel. Newsagents and supermarkets have been advised
of the decision today.
We would like to assure you that NDD and its parent company IPMG, will continue to collect
retail sales proceeds on your behalf and will guarantee any publisher payment liabilities in
accordance with contracted terms.
We make the commitment that all NDD distributed magazines will be delivered in accordance
with on sale schedules until a completion date is determined and notified. This will ensure the
timely reconciliation and finalisation of your trading account with NDD.
We will be in touch again shortly, to discuss this announcement in more detail.