UPFRONT
Print Snafu ‘Teases’ Taxpayers
PLATTSBURGH, NY—Taxpayers here thought they were getting a major discount when their bills arrived, but a printing error isn’t letting anyone off the hook. According to the Plattsburgh (NY) Press Republican, bills arrived at taxpayer homes with the option of making four installment payments or one lump sum payout, accompanied by corresponding coupons. However, the full payment coupon shows the amount for a 25 percent payment. The paper noted that the full amount is listed on the bill, two inches above the coupons.
Cenveo Delays 10-K Reporting
STAMFORD, CT—An internal review delayed Cenveo’s Form 10-K annual report filing as the company investigates “unsupported accounting entries made by a former plant controller for two plants in the company’s envelope division.” In a release, Cenveo said it required additional time to allow for the completion of the internal review. Based on current information, the company believes it will meet the annual financial targets relating to 2007 that it affirmed last month.
Paper to Close a Printing Plant
NEWARK, NJ—Management for The Star-Ledger has informed employees that it plans to consolidate two printing plants, citing a need to cut costs in light of decreasing revenues. More than 350 of the 600 employees at the publication’s Piscataway and Montville (NJ) facilities could face layoffs, though everyone who received a notice may not actually be let go. The plant is to be closed in May, though it has not been decided which one is ticketed for shutdown.
Standard Lands Acorn Press
READING, PA—Standard Offset Printing has completed a deal to purchase Lancaster, PA-based Acorn Press. Acorn will retain its name and continue to operate at its present location. Acorn founder Donald Roseman will retire after 52 years, while President Scott Reighard will remain in his current role. Peter Schaefer, president of Compass Capital Partners in Exton, PA, represented Acorn Press in the transaction. It was Compass’ 142nd deal in the printing industry.
