The NFRN’s subsidiary company N3 has delisted all of the Johnston Press titles affected by the publisher’s recent significant margin cuts.
The decision was made by the board of the newstrade-focused store network after the publisher slashed margins to as low as 10% on 41 titles across the UK amid a round of price rises which came into effect on 26 June.
The NFRN’s head of news Brian Murphy said: “The N3 board believes the decision made to drastically cut margin without consultation would have a material effect on its members’ category profitability in both the short and long-term.
“N3 tried in vain for Johnston Press to see sense and reconsider its decision, but this fell on deaf ears and resulted in N3 invoking its right to cancel the titles from its centrally-agreed range.”
RN understands the same decision has been taken by Henderson Spar. A spokeswoman for the company declined to comment.
Johnston Press also declined to comment.