Quad Awarded Magazine Pact from Hearst Valued at More than $500M
SUSSEX, WI—April 20, 2015—Quad/Graphics Inc. will continue to be the primary printer for Hearst Magazines’ through 2020 under a new agreement valued at more than $500 million. Quad produces 20 of Hearst’s 21 U.S. magazine titles, including Cosmopolitan, ELLE, Esquire, Good Housekeeping, O, The Oprah Magazine, Popular Mechanics and Car and Driver, as well as inserts and custom print products.
Quad/Graphics has been Hearst Magazines’ largest print supplier since 2011, when it began printing Good Housekeeping, Harper’s BAZAAR, House Beautiful, O, The Oprah Magazine, Woman’s Day, ELLE, ELLE DECOR, Car and Driver and Road & Track in addition to Veranda, which the company has printed since 2007. With the acquisition of Brown Printing in 2014, Quad/Graphics began printing 10 additional Hearst titles—Country Living, Cosmopolitan, Esquire, Food Network Magazine, HGTV Magazine, Marie Claire, Redbook, Seventeen, Town & Country and Popular Mechanics.
"With its exceptional portfolio of magazine titles, Hearst has mastered the art of content creation, demonstrating the power of print in a multichannel world and reaching more than 80 million readers every month," said Joel Quadracci, chairman, president and CEO of Quad/Graphics. "As America’s leading magazine printer, we are proud to renew and extend our partnership with Hearst, and to work together to grow through innovation and performance."
David Carey, president of Hearst Magazines, also noted, "Magazines have the power to inspire and transport readers through beautiful images, expert curation and unique points-of-view. Working with Quad/Graphics, we are able to constantly push the boundaries of what magazines can be, to create memorable, impactful experiences for readers and marketers with every issue."
Hearst takes advantage of Quad/Graphics’ full-service continuum of media, mailing and related distribution solutions to deliver high-quality content in the most effective and efficient manner possible. Hearst also uses Quad/Graphics’ comprehensive publication workflow solutions, including the new Publisher’s Studio Editorial, to plan and develop content for print and digital editions. Through its robust co-mail and distribution programs, Quad/Graphics creates significant postage savings each year for Hearst while also improving delivery times and preserving product condition.
"Magazine content is incredibly valuable in a multichannel world, and through our partnership with Hearst, we have the great opportunity to explore the limitless possibilities of ink on paper and related content delivery," Quadracci said.
Quad/Graphics (NYSE: QUAD), a leading global provider of print and media solutions, is redefining print in today’s multichannel media world by helping marketers and publishers capitalize on print’s ability to complement and connect with other media channels. With consultative ideas, worldwide capabilities, leading-edge technology and single-source simplicity, Quad/Graphics has the resources and knowledge to help a wide variety of clients in distinct vertical industries, including but not limited to retail, publishing, insurance, financial and healthcare. The company helps clients perform better in today’s rapidly changing world through innovative solutions that improve efficiencies, reduce costs, lift response and increase revenue. Quad/Graphics provides a diverse range of print and related products, services and solutions from multiple locations throughout North America, South America and Europe.
About Hearst Magazines
Hearst Magazines is a unit of Hearst Corp., one of the nation’s largest diversified media and information companies. With 21 titles in the United States, Hearst is the leading publisher of monthly magazines in terms of total paid circulation (AAM 2H 2014), reaching nearly 81 million readers in print (Fall 2014 MRI gfk) and nearly 44 million site visitors each month (comScore). In addition, the company publishes close to 300 editions around the world.
Hearst Magazines Digital Media, dedicated to creating and implementing Hearst Magazines’ digital strategy, manages 18 Websites for brands such as Cosmopolitan, Popular Mechanics, ELLE, ELLE DECOR, Esquire, Good Housekeeping, Marie Claire and Seventeen, as well as digital-only sites such as Delish.com, a food site in partnership with MSN. Hearst Magazines has published more than 150 apps and digital editions for the iOS and Android platforms. The company also includes iCrossing, a global full-service digital marketing agency.
Source: Quad/Graphics Inc.