Old News....19 Jun 2009 16:37
This is from the Annual Report in 2008...
As regards the national publishers, News
International (NI) invited tenders during the year for five
year contracts, changing from the customary rolling twelve
month arrangements. Dawson News participated, with a
view to maintaining its share where it was possible to
operate at acceptable levels of profit contribution. In the
event, a larger proportion than anticipated of Dawson’s
business with NI was placed with other wholesalers or has
gone to the new NI direct-to-retail channel. The overall
effects on our profitability, however, through the actions we
are taking to tailor the cost base, will be neutral when the
business changes hands in July 2009