News Ltd met with QNF & ANF CEO’s today, and advised they are suspending the T2020 project, including the trial area South of Brisbane.

They have also met with the newsagents who had submitted tenders for the proposed distribution territories in the trial area and advised them that they will not now be proceeding with the consolidation of territories, and that their tender process is at an end.

With more details to come, this announcement re-installs some certainty in the maintainable earnings of Newsagency businesses.