Chris Carpenter, President and owner of Sun Prairie, Wisconsin-based Royle Printing, describes why his catalog and magazine printing operation invested in an eight-unit Goss Sunday 2000 heatset web offset press with double former folder. He also discusses the current industry-wide paper shortage.
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Transcontinental Inc.'s Media Sector, TC Media, announces the sale of 12 of its publications, as well as their related web properties, to Groupe Lexis Média inc., a company owned by Mr. Elie Akoury and Mr. Frédéric Couture, who will act as President. In total, 75 employees of these various publications and 16 employees from TC Media's Production team are transferred to Groupe Lexis Média inc. TC Transcontinental also concluded a multi-year agreement for the printing and distribution of all of these titles as well as for the printing of the magazines already owned by Lexis Média inc. With the completion of this transaction, 60% of the publications included in the sale process of TC Media's local and regional newspapers in Québec and Ontario, launched in April 2017, are now in the hands of local owners. The newspapers sold to Groupe Lexis Média inc. are: Le Citoyen Rouyn-Noranda, Le Citoyen de la Vallée-de-l'Or, L'Écho Abitibien and La Frontière, distributed in Abitibi-Témiscamingue; L'Action D'Autray, L'Action – Wednesday Edition, L'Action – Weekend Edition, L'Express Montcalm and Hebdo Rive-Nord, in Lanaudière; Le Bulletin, La Petite-Nation and La Revue, in Outaouais. Click Read More below for additional information.
Nearly 20 printing companies are interested in hiring at least some of the 656 LSC Communications workers who are set to be laid off by March 31. Many of those jobs, however, are not in the Lancaster area. LSC announced last week it planned to shutter its two Lancaster city plants amid a decline in demand for catalogs and magazines. “Sixteen printing companies have reached out to us directly so far,” Melissa Noebes, senior vice president LSC Communications, told LNP | LancasterOnline. “At least a half dozen are in the greater Lancaster area. A few more are located just across the Maryland border. In addition, we have inquiries coming in from printing companies around the country, many of whom are offering generous relocation packages.” She did not respond to a request to provide names of the companies.
Second quarter net sales were $848 million, down $58 million, or 6.4%, from the second quarter of 2016. After adjusting for the December 2, 2016 acquisition of Continuum and the March 1, 2017 acquisition of Hudson Yards, changes in foreign exchange rates, and pass-through paper sales, organic net sales decreased 6.8% from the second quarter of 2016. The decrease in organic net sales was due to lower volume and price declines in both the Print and Office Products segments.