Source Interlink Companies (NASDAQ:SORC) today announced settlement of
its antitrust claims against Kable Distribution Services, Inc.
In resolving the claims, the parties entered into a multi-year agreement
securing Source’s access to the Kable’s magazine products. The
settlement follows similar agreements reached previously with Time,
Inc., Time/Warner Retail Sales and Marketing, Inc., Time Distribution
Services, Inc., American Media, Inc., Distribution Services, Inc., The
News Group, L.P., and Hudson News Distributions, LLC.
“I am happy to make this announcement because it means the continuation
of what has been a mutually beneficial relationship. We enjoy working
with our trading partners and look forward to continuing our
relationship for many years,” declared Greg Mays, Chairman and CEO of
Source. “This agreement is effective immediately and assures that we can
continue to supply all our mainstream, specialty and international
customers with the popular titles supplied by Kable.”
“As we move ahead, the prospect of growth is clear. It is fully our
intention to create a bond with our publishers and national distributors
that is as strong as the relationship we have with our retail partners,”
Mays added.
ABOUT SOURCE INTERLINK COMPANIES, INC.
Source Interlink Companies, Inc. (NASDAQ: SORC), a media and marketing
services company, is a leading U.S. distributor of home entertainment
products and services and one of the largest publishers of magazines and
online content for enthusiast audiences. Source Interlink Media, LLC
publishes more than 75 magazines and 90 related Web sites. Source
Interlink Distribution (SID) services tens of thousands of retail store
locations throughout North America distributing DVDs, music CDs,
magazines, video games, books, and related items. In addition to
distributing more than 6,000 distinct magazine titles annually, the
Company maintains the largest in-stock catalog of CDs and DVDs in the US
-- a combined total of more than 260,000 titles. Supply chain
relationships include consumer goods advertisers, subscribers, movie
studios, record labels, magazine, book, and newspaper publishers,
confectionary companies and manufacturers of general merchandise.
Source Interlink Companies, Inc.
Jason P. Adams, Director of
Financial Reporting and Treasury, 239-495-5138
