RRD Q4 Accounting Charges Approach $1.4B
CHICAGO—RR Donnelley absorbed another stinging loss in its quarterly results, recording a net loss of $686.9 million in the fourth quarter. Impairment and restructuring charges, which totaled nearly $1.4 billion, were the primary culprits. For the same period in 2007, Donnelley registered a net loss of only $292.9 million, with restructuring and impairment charges of $477 million.
In other company news, Donnelley has been awarded a $500 million multi-year pact by Publishing Group of America to provide printing, logistics and premedia services for all of its magazine titles.