Source Interlink Wins Temporary Restraining Order in Magazine Distribution Lawsuit

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.