Ian Law, chief executive of ACP parent PBL told the AFR that while the company had not finalised its position a decision was imminent.
Speaking at the announcement of PMP’s annual results its CEO Brian Evans was quoted as having ‘no idea’ which way his biggest customer was veering. Some six per cent of PMP’s revenue comes from ACP, which is the country’s biggest magazine publisher
For the past year ACP has been rumoured to be setting up its own site, although many in the industry are scratching their heads in search of a reason, as the cost savings that it will achieve will be fairly minimal, and it will gain a whole heap of responsibility.
Not all is rosy at the ACP camp, with the latest Audit Bureau of Circulation figures revealing the nation’s 80 biggest selling consumer magazines slumped in sales by 5.4 per cent in the June quarter, with weekly magazines falling by almost double that at 9.3 per cent down.
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