Time Extends Quebecor Pact
MONTREAL—Time Inc. and Quebecor World came to terms on a $500 million, multi-year deal that extends a 30+-year relationship between the venerable publisher and printer. Under the deal, Quebecor World will print and bind 15 Time Inc. titles, including Time, Sports Illustrated, People and Entertainment Weekly, in the process increasing weekly volume by 25 percent. The publications will be produced at Quebecor World facilities in Merced, CA; Lebanon, OH; Clarksville, TN; and Dallas.
Bowne Implementing Cost Cuts
NEW YORK—Bowne & Co. announced it is implementing $10 million in annualized cost savings primarily through a reduction in its workforce. The move coincided with the company's reported third quarter results. While no specifics were provided, the company expected to take a fourth quarter pre-tax charge of $4 million.
Montreal Paper Orders Presses
MONTREAL—Le Journal de Montreal has signed to install three Colorman web offset presses from MAN Roland in a new $110 million production facility that is scheduled to begin operation in 2007. The 200,000-square-foot facility will feature prepress and mailroom departments in addition to its print production operations. Le Journal de Montreal is part of Sun Media, which is owned by Quebecor Media, a division of Quebecor Inc.
Huber Group Buys Micro Inks
BRAMPTON, ONTARIO—The Huber Group, which does business as Hostmann-Steinberg in North America, has acquired a controlling share of Micro Inks, formerly known as Hindustan. The move fortifies Huber's market share in India and Asia, but also strengthens its North American position by adding a high-volume manufacturing plant in Chicago.
Canadian Shop to Get 81˝ Press
MISSISSAUGA, ONTARIO—Canadian large-format printing specialist Annan & Bird Lithographers has ordered a six-color, 81˝ KBA Rapida 205 sheetfed press with aqueous coater and UV interdeck dryers. KBA touts the Rapida 205 as the world's largest sheetfed press. The announcement came during Graphics Canada, the country's largest show dedicated to the printing industry.