The document discusses potential media institutions to distribute a new music magazine called "EXPLORE". The author identifies Waddell Media LTD as the preferred option because they have experience reaching niche audiences similar to EXPLORE's target market. Waddell already publishes the alternative magazine DAZED, so they understand promoting to that readership and could leverage their existing audience. Their long success appealing to alternative audiences makes them a good fit to help establish and grow EXPLORE.