Times Buys Wholesale Distribution Companies
NEW YORK (AP) _ The New York Times Co. announced Monday that it has purchased two newspaper wholesale distribution companies, Metropolitan News Co. and Newark Newsdealers Supply Co.
The two companies distribute The Times as well as other newspapers such as The Wall Street Journal, the Daily News and the New York Post, to retail outlets and home delivery depots, the Times said in a statement.
Metropolitan distributes in New York City and Newark Newsdealers in central and northern New Jersey. Under the new ownership, both companies will be named City and Suburban Delivery Services.
The drivers for the new company are covered by contracts ratified last month between the Times and the Newspaper and Mail Deliverers’ Union.
Terms of the purchase agreements were not disclosed.