Payment delays worry newsagents

The CEO of The Australian Newsagents' Federation, Anthony Matis, told the Federal Government's Credit Summit some of the problems newsagents faced today about credit.

He sees much of the problem as the banks' lack of understanding of the newsagency industry. Interestingly I thought his early comments were more relevant that "newsagencies' cash flow is being chocked because payments due from large corporate clients are being unnecessarily delayed."

You can read some of his comments here and make your comments there too.