Friday, May 11, 2018

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, 
 ā€œIā€™m 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.ā€
Glenn 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. 

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