TC Media sells its Drummondville newspapers: L’Express – Wednesday Edition and L’Express Week-end

Midland Paper, Packaging + Supplies, one of North America's largest independent distributors of media for business communications, will unveil a broad and diverse portfolio of products for HP Indigo series 3 and 4 print technologies at Dscoop 2018 in Dallas TX including several exciting new products. Be sure to stop by Midland Paper booth #85 at DSCOOP 2018 to view HP Indigo printed samples of the following featured RIT certified products: •Diamond Print Glitter - Eye catching, non-flaking, glitter paper that folds without cracking, •Blanks Plastic Paper - Unique waterproof poly film used for menus, ID’s, tags, POP, signage and other graphic applications, •ClingZ and Ztac - Revolutionary wall and window films, •DigiFly HP - Printable canvas material, •Setalux HP - Printable book cover material. Click Read More below for additional information.

Chatham Asset Management, LLC announced that they have completed a transaction in which affiliates of Chatham have acquired RRD for $10.85 per share in cash. The acquisition was previously announced on December 14, 2021, and RRD stockholders approved the transaction at the Special Meeting of Stockholders held on February 23, 2022. With the completion of the transaction, RRD expects its common stock will cease trading on the New York Stock Exchange before market open on February 28, 2022. In connection with the completion of the transaction, Thomas J. Quinlan has assumed the role of President and Chief Executive Officer of RRD.

As indicated, net sales and the net result in the first quarter of the year under review have improved over the same quarter of the previous year. For example, sales rose compared to the previous year, reaching €495 million (same quarter of previous year: €486 million). This was attributable primarily to Western Europe and China. As anticipated, at €629 million, incoming orders were below those of the same quarter of the previous year (€804 million), which saw a particularly high level of incoming orders from the drupa trade show. The order backlog increased by over 20 percent from €497 million at the end of the financial year to €603 million as at June 30, 2017. Profitability, as expressed in EBITDA and EBIT, increased in the quarter under review compared to the previous year’s values. At €14 million, EBITDA was far better than in the same quarter of the previous year (€1 million), while EBIT amounted to €–3 million (previous year: €–16 million). Due to lower financing costs, the financial result improved to €–13 million (same quarter of previous year: €–16 million). Including income taxes, the net result after taxes of €–16 million was a significant improvement over the previous year’s figure (€–37 million). Click Read More below for additional detail.