Source Interlink Wins Temporary Restraining Order in Magazine Distribution Lawsuit
2009年2月12日 - 10:50AM
ビジネスワイヤ(英語)
Source Interlink Companies (NASDAQ:SORC) today reported that its
request for a temporary restraining order in the anti-trust lawsuit
filed by Source was granted today by the United States District
Court for the Southern District of New York.
The Court�s order prohibits major magazine publishers and their
national distributors from denying shipments of magazines to
Source�s magazine distribution business, Source Interlink
Distribution (SID). The request for a temporary restraining order
was considered on an expedited schedule and sets the stage for a
separate preliminary injunction hearing scheduled for February 23,
2009. Source is also seeking compensatory and punitive damages in
the antitrust suit.
�We are pleased that the Court has granted our motion requiring
the publishers and national distributors to restore magazine
shipments,� said Greg Mays, Chairman and CEO of Source. �We and our
loyal employees continue to be committed to serving our retail
partners and building our business. We view today�s ruling as an
important step in that direction.�
In addition to SID, which is the largest mainstream magazine
wholesaler in the US, Source also operates the largest distributor
of CDs and DVDs, the largest publisher of enthusiast magazines, the
largest distributor of magazines to bookstores and other specialty
retailers, and the largest importer of foreign magazine titles to
US newsstands.
About Source Interlink
Companies, Inc.
Source Interlink Companies, Inc. (NASDAQ:SORC), a media and
marketing services company, is a leading U.S. distributor of home
entertainment products and services and one of the largest
publishers of magazines and online content for enthusiast
audiences. Source Interlink Media, LLC publishes more than 75
magazines and 90 related Web sites. Source Interlink Distribution
(SID) services tens of thousands of retail store locations
throughout North America distributing DVDs, music CDs, magazines,
video games, books, and related items. In addition to distributing
more than 6,000 distinct magazine titles annually, the Company
maintains the largest in-stock catalog of CDs and DVDs in the US --
a combined total of more than 260,000 titles. Supply chain
relationships include consumer goods advertisers, subscribers,
movie studios, record labels, magazine, book, and newspaper
publishers, confectionary companies and manufacturers of general
merchandise.
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