Trust Media Distribution (formerly STL) call in administrators

THE ADMINISTRATORS have been called into Carlisle-based Christian book and music distributor Trust Media Distribution (previously known as STL). A TMD spokeswoman said bringing distribution and wholesale elements of its business "in house" led to the current difficulties. "This structural change was compounded by continued contraction in the trade as a whole leaving an organisation with the scale, infrastructure and cost base of TMD with no other option but to look at alternative business models," the statement said. "Whilst the development of our card and gift and distribution functions was encouraging it could not (in the time required) replace the rapidly declining wholesale revenue streams and we therefore began exploring alternative restructuring options at the close of 2013."
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