CBS News on the Importance of Catalogs

LSC Communications, Inc. (NYSE: LKSD), a leader in print and digital media solutions, announced today an equity investment and the signing of a definitive reseller agreement with Authors, Inc., an Austin, Texas based developer of machine learning and artificial intelligence applications for the Publishing Industry. With the goal of helping to increase publisher revenues, LSC will harness Authors, Inc. technology to offer new services for publishers, including intelligent editorial analysis, automated keyword enhancement and actionable insights. Machine learning and AI help make titles discoverable by recommending keywords, re-calibrating metadata dynamically based on quarterly performance, and assessing content to help predict the next bestseller. “In our continued journey to invest in new technologies, we are thrilled to be making an investment in Authors, Inc.” said Thomas J. Quinlan III, Chairman and CEO of LSC. “Machine learning and AI are positively impacting many industries and we are excited about the new products and solutions we are bringing to publishers.” Click Read More below for additional detail.

Lakeside Book Company and ALJ Regional Holdings, Inc. jointly announced that they have entered into a definitive agreement for Lakeside's acquisition of all of the issued and outstanding shares of common stock of ALJ's wholly-owned subsidiary Phoenix Color Corp. ("Phoenix"). Headquartered in Hagerstown, Maryland, Phoenix is a specialty printer of book components, children's books, and other print-related products with printing facilities in Indiana and Maryland. The transaction is expected to close during the second calendar quarter of 2022, subject to customary closing conditions and regulatory and stockholder approvals. "We know Phoenix well as a recognized leader in book components. Adding their team's capabilities to Lakeside's service offerings will enable our publishing customers to conveniently manage book and cover printing in one place," said Dave McCree, Lakeside's Chief Executive Officer. "We are always looking for ways to make the printing supply chain more efficient for publishers and this transaction would be a significant step in that direction."

In response to election-year political gridlock on common sense reform for the struggling United States Postal Service, I sent the following letter to roughly 300 U.S. Senators and Representatives this week. This isn’t just a matter for the postal industry — it’s in the best interest of the nation’s overall economy. Dear Senator: Quad was founded by my father in 1971, when he took out a second mortgage on our home and he along with a handful of dedicated partners opened the doors to what today has grown into the nation’s largest long-run printer with nearly 20,000 employees spanning across 20 states. I was two years old when Quad began, so I have quite literally grown up as part of the industry. My father’s vision has transformed many lives through hard work, dedication and smart business. However, that vision would not have happened without the tremendous partnership Quad has forged with the United States Postal Service. Today, Quad mails more than 10 billion pieces of mail each year on behalf of our clients. This accounts for 13% of the overall marketing mail volume in the country. The USPS continues to be a vital partner to the mailing/marketing industry — an industry that is comprised of retailers, marketers, catalogers, directories, direct mailers, magazine and book publishers along with paper manufacturers, timber producers and many others. The industry employs over 7 million people and accounts for $1.6 trillion of economic activity on par with industries such as air travel, automotive and oil and gas. The industry provides family supporting jobs throughout the country and over 90% of the Postal Service’s revenue. Leading Quad at this critical time gives me a sense of urgency in knowing that the future of our industry is at stake if our leaders do not act in our best interest.