Wednesday, February 1, 2012

Hearst and Condé Nast Sell Comag

Exclusive: Hearst and Condé Nast Sell Comag to Jim Pattison Group: Comag Marketing Group, the Princeton, New Jersey-based national magazine distributor jointly owned by Hearst and Condé Nast, has been sold to the Jim Pattison Group. The deal signals the exit of the two publishers from the magazine distribution business and is being positioned as an effort to heal a newsstand supply chain that's long been fraught with competing interests and inefficiencies.