Newspaper distributor Connect Group’s Smith News network has won a new five-year agreement to distribute the Telegraph and Sunday Telegraph.
The contract is worth £100m a year in revenue and runs from October 2019 until September 2024.
Smith News’ Telegraph contract contributes around 15 per cent of its total newspaper sales.
With other contracts also in the bag, Smith News has now secured 80 per cent of all its newspaper and magazine revenues until 2024 at the earliest.
Connect Group is pleased to announce that Smiths News has agreed a new long-term contract with The Telegraph, running from October 2019 through to September 2024, covering the distribution of The Daily Telegraph and Sunday Telegraph.
The agreement encompasses all of Smiths News’ existing distribution territories with The Telegraph, securing annual revenues in excess of £100m at current market values, and accounting for circa 15% of its newspaper sales.
Following other recently announced agreements, Smiths News has now secured 80% of its total newspaper and magazine revenues under new long term contracts until at least 2024.
Jos Opdeweegh, group CEO, said: “I’m delighted that we have agreed a new contract with the Telegraph.
“The accelerated renewal of our publisher contracts has been a strategic priority this year, and since September 2018 we have successfully renewed over £900m of annual revenues, underpinning the long-term sustainability of Smiths News and its contribution to the group as whole.”