Hearst Purchases New KBA Web Press for Albany Newspaper
NEW YORK—Dec. 12, 2011—Hearst Corp. announced it has closed on a deal with Koenig & Bauer AG (KBA) for the purchase of a Commander CL offset press at the Albany Times Union, the leading newspaper in New York’s Capital Region.
The investment will enable the Times Union to provide readers and advertisers with one of the best-quality newspapers and related client products in the country. The facility is scheduled to come online in the first quarter of 2013.
“The Times Union has been the capital region’s most trusted source for news and information for more than 150 years,” said Frank A. Bennack Jr., CEO of Hearst. “This announcement continues that mission for readers and advertisers, and greatly enhances the vibrancy of the newspaper. The capital investment affirms Hearst’s and the Times Union’s commitment to a printed newspaper while we invest in cutting-edge digital technologies at the same time.”
“Our new printing facility will enable the Times Union—better than virtually any other newspaper today—to provide readers with the finest product available and meet our clients’ continued demand for more options to enhance the effectiveness of their advertising,” said Mark Aldam, president, Hearst Newspapers.
“For readers, the experience of reading the Times Union will be like a move from analog to high-definition technology,” said George R. Hearst III, publisher of the Times Union. “Our photography and graphics will be more lively and our type will be more readable. For advertisers, this advance means we’ll be able to offer great product flexibility. Not only will we be able to publish color advertising on every page of the newspaper, but we’ll also be able to accommodate multiple-format products—including sizes ranging from traditional broadsheet to tabloid, gatefold and variable-sized specialty products.”
“We are delighted to welcome Hearst’s Albany Times Union to KBA’s long list of newspaper customers around the world,” commented KBA president and CEO Claus Bolza-Schüenemann. “Once again we have won the day with our latest innovation for newsprint, the Commander CL launched at this year’s IFRA Expo newspaper trade fair in Vienna. We are looking forward to a long-term partnership in the New York Capital area.”