Smiths News has renewed its contract with Telegraph Media Group until 2029, accounting for 11% of its newspaper and magazine revenues.
The agreement is the fourth major publisher contract renewal secured by the news wholesaler this year, and involves all its current distribution territories in the UK.
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The move follows new five year tie-ups with each of Associated Newspapers, Frontline and Seymour, meaning Smiths has now secured long-term contracts with 46% of its newspaper and magazine revenues.
Chief executive officer, Jon Bunting said: “I am very pleased that we can start 2023 with further positive news on our contract renewals by announcing that we have agreed a new contract with Telegraph Media Group. It marks a further step in securing our newspaper and magazine revenues for the long term. The Telegraph represents over 10% of our revenues and we look forward to further developing our close working relationship them in the years ahead.”
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