Coast to Coast newsstand distributor to be bought by Pattison's Comag group
Coast to Coast Newsstand Services Partnership (CTC) -- one of the best known distributors of Canadian and U.S. magazines in the Canadian market -- is to be bought by the Comag Marketing Group PLC, a Princeton, New Jersey-based retail magazine sales and marketing company effective January 1. Comag is a subsidiary of The Jim Pattison Group of Vancouver,
Coast to Coast is a partnership between Rogers Communications and a group of major Canadian magazine wholesalers. Originally owned by Maclean-Hunter, primarily to distribute its own magazines, CTC was purchased by Rogers Media in 1994 and in 2000, a majority interest was sold to three industry veterans, Glenn Morgan, Frank Auddino, and Scott Bullock. In 2005, majority interest in the company was purchased by a consortium of the major periodical wholesalers in Canada.
Comag Marketing Group LLC, a retail sales and marketing company, provides single copy sales strategies and supply chain solutions for magazines worldwide. The company serves mass market, direct-to-retail, and specialty market channels. Comag Marketing Group LLC was founded in 2000 and is headquartered in Princeton, New Jersey. As of January 31, 2012, Comag Marketing Group LLC operates as a subsidiary of The Jim Pattison Group, Inc.
In 2013, Coast to Coast outsourced most of its back-office accounting to Comag to handle all billing and collection, print order and galley preparation as well as other administrative functions.
āIām disappointed that CTC will not be carrying on after January 1, 2019" [said Dan Shapiro, Managing Director of CTC a release published on Mastheadonline.com] "but am gratified that our clients will continue to receive expert quality service through CMGC. Continuous sales declines throughout our entire eco system put the sustainability of CTC in jeopardy.āGlenn Morgan, President of CTC, will continue in his role after the acquisition,
Coast to Coast is a partnership between Rogers Communications and a group of major Canadian magazine wholesalers. Originally owned by Maclean-Hunter, primarily to distribute its own magazines, CTC was purchased by Rogers Media in 1994 and in 2000, a majority interest was sold to three industry veterans, Glenn Morgan, Frank Auddino, and Scott Bullock. In 2005, majority interest in the company was purchased by a consortium of the major periodical wholesalers in Canada.
Comag Marketing Group LLC, a retail sales and marketing company, provides single copy sales strategies and supply chain solutions for magazines worldwide. The company serves mass market, direct-to-retail, and specialty market channels. Comag Marketing Group LLC was founded in 2000 and is headquartered in Princeton, New Jersey. As of January 31, 2012, Comag Marketing Group LLC operates as a subsidiary of The Jim Pattison Group, Inc.
In 2013, Coast to Coast outsourced most of its back-office accounting to Comag to handle all billing and collection, print order and galley preparation as well as other administrative functions.
Labels: acquisitions, Coast to Coast, distribution, newsstands
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