Quad’s Expanded Agreement with Time Exceeds $900 Million, 85 Percent of 19 Titles
SUSSEX, WI—Oct. 8, 2012—Quad/Graphics Inc. has reached a new, $900-million-plus agreement with Time Inc. that significantly extends and expands its magazine print work for the venerable publisher. Under the multiyear agreement, Quad will handle more than 85 percent of the print work for 19 titles that are among the most popular magazines in America.
The work represents a 35-percent increase in incremental Time Inc. print volume for the printer over the term of the agreement, beginning in January 2014.
Guy Gleysteen, senior vp of production at Time Inc., said the new agreement reflects his company’s confidence in Quad/Graphics to continue delivering superior services for both weekly and monthly magazine production. “We strive for continuous improvement in our operations with the goal of delivering increasingly timely and relevant content through all of our magazine brands,” Gleysteen said. “Aligning the majority of our magazines with Quad is going to provide a unique opportunity for the two companies to drive innovation and efficiency.”
“We are pleased to be growing our business relationship with Time Inc., and capitalizing on our leading nationwide magazine platform to print more titles and more volume in more places,” said Joel Quadracci, chairman, president and CEO. “Under this new agreement, Time Inc. has entrusted us with the vast majority of its magazine work, and we will continue to deliver the timely service and quality product they have come to expect from us, a progressive print partner.”
New work coming to Quad/Graphics includes the monthly titles All You, Essence, People StyleWatch and Real Simple. Major additional volume will come from expanded regional printing of Time and People, giving Quad 100 percent of the print work for these weekly titles for the first time. Quad/Graphics already prints 100 percent of Entertainment Weekly. It also will continue to be the exclusive printer for all of Coastal Living, Cooking Light, Fortune, Golf, Health, InStyle, Money, People en Español, Southern Living, Sunset and Time for Kids, as well as a significant portion of the press run for Sports Illustrated.
Time Inc., a division of Time Warner, is one of the largest branded media companies in the world. The company’s magazines reach more than 130 million Americans each month, and its websites attract nearly 50 million unique visitors each month.
Quad/Graphics (NYSE: QUAD) is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts/circulars, direct mail, books, directories, and commercial and specialty products, including in-store signage. Headquartered in Sussex, Wis. (just west of Milwaukee), the Company has approximately 22,000 full-time equivalent employees working from more than 50 print-production facilities as well as other support locations throughout North America, Latin America and Europe. As a printing industry innovator, Quad/Graphics is redefining the power of print in today’s multimedia world by helping its clients use print as the foundation of multichannel communications strategies to drive their top-line revenues.