After finally emerging from bankruptcy protection, with a much lighter debt load, NewPage Corp. clearly has merger on its mind. Why else would North America’s largest maker of coated paper choose as its chairman Mark A. Angelson, the U.S. printing industry’s Great Consolidator? And why else would he accept the job?
Only four months ago, the man who led the rolling up of such major printers as Worldcolor, MooreWallace, and Banta quit an apparently successful run as deputy mayor of Chicago so that he could lead “a somewhat less frantic life.”
ON DONNELLEY’S CHALLENGES … “RR Donnelley’s (RRD) biggest challenge right now is converting contracts from the customers they acquired from [the acquisitions of] Banta, Perry Judd’s and Von Hoffman. As those new customers’ contracts expire, RRD is not ‘renewing’ them, but converting them to RRD customers on RRD contracts. For the next two years, they’ll have hundreds of customers to convert. This is very difficult, because many of those customers didn’t choose RRD and now have to be resold.” ON QUEBECOR’S CHALLENGES … “Quebecor World’s biggest challenge right now, besides their reorganization, is the general perception of who they are in the industry. They’re
If you publish and mail a magazine, you are already well aware of the impact of the latest postal hikes. The United States Postal Service’s (USPS) 2007 price hike significantly affected both Standard and Periodical rates. Initially, the USPS proposed a change that would increase Periodical rates by an estimated 11.4 percent. The USPS does offer discounts to publishers based on how well the publishers integrate into the USPS’s automated systems with presorting, palletization and other factors. However, publishers do not perform these services … printers do. On its Web site, www.USPS.com, the USPS clearly states its intention to pass responsibility of automation onto
In the first major move since announcing its triumvirate of recent acquisitions, RR Donnelley officially eliminated 85 jobs at Banta Corp., headquartered in Menasha, Wis., according to a local Wisconsin newspaper. The job cuts come on the heels of a $1.3 billion merger deal completed by Donnelley and Banta on Jan. 9. The Appleton Post-Crescent reported that Donnelley made the layoffs official in a letter to Wisconsin’s Department of Workforce Development on Jan. 19 and that the reductions reached into the upper levels of Banta’s management. “We recognize that this news is disappointing, and while we deeply regret having to proceed with this reduction
More layoffs: http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20070120/APC03/701200575/1888/APCbusiness . And this one hits home at Publishing Executive, as some good friends of ours are affected. Best of luck to all those who find themselves in this difficult position.
RR Donnelley & Sons Co. announced today an agreement to acquire Perry Judd’s Holdings Incorporated, a privately held magazine and catalog printer, for $176 million. Of that sum, $47 million will go toward the purchase of Perry Judd’s common stock and $129 million will account for the Waterloo, Wisc.-company’s outstanding debt. The announcement comes just weeks after RR Donnelley’s move to acquire Banta Corp., one of the nation’s top magazine and book printers. “Perry Judd’s is an exceptional fit with RR Donnelley,” says Mark A. Angelson, RR Donnelley’s CEO. “Increasing our flexibility with the addition of Perry Judd’s respected capabilities will allow us better to
RR Donnelley & Sons Company and Banta Corporation jointly announced this week that they have signed a definitive agreement in which RR Donnelley will acquire Banta, a provider of printing, supply chain management and related services. The all-cash deal is valued at approximately $1.3 billion, or $36.50 per share after the special dividend of $16.00 per share already declared by Banta. The agreement has been unanimously approved by both companies’ board of directors and is expected to close in the first quarter of 2007. With the move, RR Donnelley will expand the range of products and services it offers customers, while at the same
It’s ironic that when selecting a printer today, printing may be one of the least important criterion. More and more, publishers are choosing printers based on their distribution capabilities, management tools and proactive customer service reps. “The trend overall seems to be that print vendors are providing additional services …,” says John Sartoris, group production director at VNU Business Publications. “Whether it’s workflow solutions or specific project solutions, print vendors are relied upon as partners to provide resources and even marketing solutions that may cover print, direct marketing, e-media and logistics.” Examples of printers helping publishers in areas other than printing have always happened,
They’ve been polybagged, bound, patched, foamed and mounted together. Magazines and CDs/DVDs have experienced every form of marriage feasible, but some couplings have proven to be more effective than others—cost-wise and otherwise. Before making any business decisions, it’s a good idea to know your options, says Frank Hudetz, CEO of Solar Communications, a multinational provider of marketing and production services, in Naperville, Ill. Hudetz summarizes the three primary disc-insertion options available—ride-alongs, mounts and bind-ins. “The ride-along option is when a disc is placed in a wallet or sleeve and is then simply placed on the magazine, and the two are over-wrapped,” he
Buying printing these days is simple as well as complicated, depending on the area you're considering. Prepress has become simpler as the PDF/X-1a format is now the preferred standard for page files. Prepress price lists at printers are now just a few line items—long gone are the hundreds of items dealing with film. But, as we all know, just because it has become easier to buy prepress and submit PDFs doesn't mean that workflow problems don't exist. InDesign has made significant inroads to become the front-end system of choice for two basic reasons: ease of creating PDFs and the inclusion of international symbols.