The downsizing of the newspaper printing and publishing industry continues. Cox Media Group Ohio, based in Dayton, Ohio, announced yesterday plans to close its newspaper printing facility located at 5000 Commerce Center Drive in nearby Franklin, Ohio, resulting in the layoffs of approximately 75 full-time and 60 part-time workers employed there. Located in Warren County along the Great Miami River and named, ironically, after Benjamin Franklin, Franklin, Ohio, has a population of nearly 12,000 residents. The three daily publications currently printed there — The Dayton Daily News, Springfield News-Sun and Journal-News — and some weekly publications will instead be printed at Gannett’s Indianapolis newspaper printing plant, following an outsourcing agreement that has been reached between Cox Media Group and Gannett Publishing Services. Click Read More below for additional detail.
Colour Five is understood to be entering a creditors’ voluntary liquidation, while the current trading status of the specialist print business is unclear.
According to a source close to the situation, the Perivale, west London-based firm sent a notice to clients and suppliers yesterday (11 June) stating its intention to appoint liquidators. It is understood that a liquidator will be appointed by 18 June.
On 16 May, Colour Five posted a notice of intent to appoint administrators. At that time, Marlow-based solicitor Gabbitas Robins was overseeing the case, while Gary Lee and Paul Stanley of Begbies Traynor’s Manchester office were named as nominated administrators.
PrintWeek’s source indicated that Colour Five’s misfortune was likely a result of “lack of work” due to the niche nature of its high-end UV printing. The company frequently worked on special edition magazine covers.
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