News Corp announced today that it plans to shift the printing of several of its publications in New York to a different facility in the city, a move which will help cut costs and secure production of print editions of The Wall Street Journal, Barron’s and the New York Post for years to come. Under the change, the publications would be printed at The New York Times’ College Point plant in Queens. This plan would result in the closure of the company’s Bronx Print Plant, where the publications are currently printed. Financial details of the arrangement were not released. The company has notified the leadership of the unions representing the employees at the Bronx Print Plant about the plan, and is entering into a period of negotiation with the unions. While the process is underway, the publications will continue to be produced at the Bronx plant.
R.R. Donnelley & Sons Company announced that it has signed a definitive agreement to sell its DLS Worldwide Logistics business to TFI International for $225 million in cash, subject to a customary working capital adjustment. The agreement stipulates 10 percent of the purchase price will be held in escrow while the remainder will be paid at closing. The transaction does not include RRD’s International Mail and Parcel Logistics business and is expected to close within the next 60 days pending regulatory approvals and other customary closing conditions. Dan Knotts, RRD’s President and Chief Executive Officer stated, “The sale of our DLS Worldwide business further demonstrates our strategic focus and ongoing commitment to optimize our business portfolio, reduce debt and improve liquidity, all while remaining strongly positioned as an industry leading provider of marketing and business communications. As we move through the final phase of this transaction, we are laser focused on facilitating a smooth transition for our employees while continuing to deliver the exceptional service our DLS Worldwide clients have come to expect from RRD.”
LSC Communications, Inc. announced that the Company has entered into a stock and asset purchase agreement with an affiliate of Atlas Holdings LLC with the support of certain of LSC’s secured creditors. Under the terms of the Purchase Agreement, the Purchaser will acquire substantially all of the Company’s assets through a combination of cash and a credit bid of obligations under the Company’s secured term loan facility and senior secured notes at the direction of the Creditor Group. The Purchaser will also assume certain liabilities of the Company, including, subject to certain prerequisite conditions being satisfied, obligations related to the Company’s qualified pension plan.
Presented by Printing Impressions, the Gold Ink Awards is the industry’s most prestigious printing competition. The competition is open to all creators and producers of printed materials, and encompasses categories within commercial printing, magazines, books, catalogs, digital printing, and packaging. This year, more than 400 entries were submitted in 43 categories. During the course of two days, several judges who — despite the pandemic — came in to Printing Impressions' offices in downtown Philadelphia to pour over the various entries, deliberating on which submissions would be crowned with Gold, Silver, Bronze, or Pewter designations. For the results go to: https://www.piworld.com/extension/gold-ink-awards/2020/
In celebration of International Literacy Day and the 16th anniversary of the founding of MagLiteracy.org this week, Quad announced today that it has donated $25,000 to MagLiteracy.org to kickstart the creation of a first-of-its-kind national literacy marketplace. The marketplace, a nationwide network of regional literacy banks, will facilitate donations of new, recycled or expired magazines and comic books to local literacy programs – an important tool in combatting poverty. Quad’s cornerstone contribution to MagLiteracy.org will be used to: *Establish a Magazine Literacy Lab in Madison, Wisconsin, which will serve as a training, education and resource center for individuals and groups looking to establish or grow literacy programs in their own communities, replicating MagLiteracy.org’s proven best practices, including how to engage volunteers. *Support operations at MagLiteracy.org’s newly established Ohio Literacy Bank, a warehouse in Columbus for processing large-volume magazine donations (from publishers, newsstand returns, etc.). These donations, which are sorted and boxed by volunteers, are delivered to literacy programs in Columbus and other nearby cities, including parts of Appalachia. The warehouse is the first in a planned nationwide network of regional literacy banks that will supply local literacy programs inside women’s shelters, youth mentoring programs, job training centers, meal programs and food pantries.
A typical sheet of paper or cardboard is neither waterproof, interactive or able to harvest energy, but an innovative new printing technology developed at Purdue University can make it all of the above. The researchers demonstrated the technique by transforming a sheet of notebook paper into a music player, and say it could be scaled up to work with larger printing processes for more mainstream uses. “This is the first time a self-powered paper-based electronic device is demonstrated,” says study author Ramses Martinez, an assistant professor in Purdue’s School of Industrial Engineering. “We developed a method to render paper repellent to water, oil and dust by coating it with highly fluorinated molecules. This omniphobic coating allows us to print multiple layers of circuits onto paper without getting the ink to smear from one layer to the next one.” With this omniphobic coating as the starting point, the researchers were able to integrate vertical pressure sensors onto the paper. This not only enables it to become an interactive surface for a variety of applications, but also one that can harvest energy from user’s actions through friction as they apply pressure to the device, which can be used to power wireless Bluetooth communication.
R.R. Donnelley & Sons Company (RRD) (NYSE: RRD), a leading global provider of marketing and business communications, today released The Pivot Report, which compares pre- and intra-COVID-19 priorities for marketers and their approaches to developing effective campaigns. RRD surveyed 250 U.S. based marketers across a variety of industries in both late 2019 and mid-2020 to conduct a comparative analysis of perception changes driven by COVID-19. These survey results indicate that the global pandemic has significantly impacted marketer attitudes toward artificial intelligence (AI) and machine learning (ML), the importance of data management, and how companies emotionally connect with consumers. To read the full report, go to: https://www.rrd.com/pivot?utm_medium=link&utm_source=press%20release&utm_campaign=091020%20PR%20-%20Pivot%20Report
Worzalla, an employee-owned company specializing in printing high-quality children’s books, movie tie-in books and cookbooks, announced it is hiring for 35 open positions at its facility in Stevens Point, Wisconsin. Worzalla cites an increased demand for books during the coronavirus pandemic for the need to hire additional associates. “Throughout the coronavirus pandemic, we have seen an increase in demand for books of all categories, especially in the children’s books category for both education and entertainment,” said Richard Letchinger, Vice President of Sales and Marketing at Worzalla. “Our customers across the country have been reaching out to us to print a variety of projects, both classics and new titles, to help educate and entertain kids at home.”
CJK Group, Inc. announced that it has acquired content services business Cenveo Publisher Services and Cenveo Learning from Cenveo Worldwide Limited, and will be merging them with its own content business Sheridan Journal Services and hosting platform Sheridan PubFactory to form KnowledgeWorks Global Ltd. (KGL). The combined entity employs approximately 1,500 people globally with offices in Boston, Mass.; Richmond, Va.; and Waterbury, Vt. in the U.S.; Bengaluru, Chennai, Mumbai, and Noida in India; and London, UK. KGL will operate under the leadership of Atul Goel, formerly President of Cenveo Publisher Services, and he will report to Chris Kurtzman, CEO of CJK Group. Chris Kurtzman said, “The combination of these two organizations, both of whom have strong reputations and venerable histories, will create an important new entity within CJK Group, positioned for growth while delivering value for customers.”
2020 Third Quarter Results: Revenues decreased by $141.5 million, or 19.4%, from $728.9 million in the third quarter of 2019 to $587.4 million in the corresponding period of 2020. Operating earnings increased by $18.7 million, or 33.0%, from $56.6 million in the third quarter of 2019 to $75.3 million in the third quarter of 2020. In the Packaging Sector, adjusted operating earnings increased by $11.5 million, from $34.1 million in the third quarter of 2019 to $45.6 million in the third quarter of 2020. In the Printing Sector, adjusted operating earnings increased by $7.7 million, or 16.4%, from $46.8 million in the third quarter of 2019 to $54.5 million in the third quarter of 2020. Net earnings attributable to shareholders of the Corporation increased by $44.9 million, from $3.4 million in the third quarter of 2019 to $48.3 million in the third quarter of 2020.