CHICAGO—October 28, 2008—R.R. Donnelley & Sons Co. (NYSE:RRD) announced today that it has been awarded a multi-year $60 million Print Management agreement by Harrah's Entertainment, Inc., the world's largest provider of branded casino entertainment. Under the terms of the agreement RR Donnelley will provide a broad range of printing and related services, including commercial print, forms and print fulfillment to Harrah's properties across the United States and in Ontario, Canada. Harrah's Entertainment properties will also use CustomPoint®, RR Donnelley's leading web-enabled Print Management system.
MONTREAL—There has been a management shakeup at Quebecor World, North America's largest printer. Quebecor World CEO and President Charles Cavell has announced that he plans to retire by April of 2003. In addition, Christian Paupe, CFO, executive vice president and chief administrative officer, has informed the company's board of directors that he is quitting in order to explore other opportunities. The decision of these top executives to leave Quebecor World follows the recent changes made by the company to its operating structure in 2002. On September 25, Quebecor World announced the implementation of a new operating structure and senior leadership appointments. John Paloian and David Boles were
By Erik Cagle Good news! In October, Postmaster General John E. Potter told the Direct Marketing Association's annual conference attendees that, because of its reform efforts that enabled the USPS to remove $2.9 billion out of its bottom line in fiscal 2002, there would be no rate hikes until "well into 2004." The bad news, of course, is that the general economy and volume reductions in mailings made 2002 a challenging campaign for those companies that provide direct mail solutions from the production end. Thus, in noting that there will be no rate hike in 2003 is akin to pointing out, "At least the
MONTREAL—Marc L. Reisch, president and CEO of Quebecor World North America, has made a quick departure from his post, leaving the company he helped transition and integrate during the largest-ever merger in the history of the commercial printing industry. Reisch's departure, which had been rumored for several weeks, was made official in a brief company press release issued September 17. The release cited Reisch's desire to pursue other opportunities as the reason for leaving. His position will not be filled, according to Tony Ross, communications director for the world's largest printer. However, the company did announce that John Paloian and David Boles, respective heads
BY CAROLINE MILLER In August, catalog printers were crossing their fingers. The long-awaited holiday season was just around the corner. It's a time when most catalog printers see an increase of both page counts and quantity orders. And an increase is just what printers needed after a lackluster year. Top 10 -- Catalog Printers Company SegmentSales(millions) TotalSales (millions) 1 Quebecor WorldMontreal $1,105 $6,500 2 Quad/GraphicsPewaukee, WI $900 $1,800 3 R.R. Donnelley & SonsChicago $840 $5,254 4 Banta Corp.Menasha, WI $246 $1,538 5 Arandell Corp.Menomonee Falls, WI $196 $213 6 Perry Judd's Inc.Waterloo, WI $102 $343 7 Spencer PressWells, ME $94 $104 8 Continental Web PressItasca, IL $73 $121 9 Consolidated GraphicsHouston $68 $683 10 Von Hoffmann Corp.Saint Louis $64 $425 Sales figures are based on above printers'self-reported total and market segment breakdowns.At the time, early signs were beginning to indicate that catalog production would indeed increase during the
BY ERIK CAGLE Integration is defined as forming into a whole, uniting or incorporating into a larger unit. See: Quebecor World. It is difficult to put the merger of Quebecor Printing and World Color Press into perspective. The M&A shocker that ushered out 1999 has resulted in the largest commercial printing (et al) conglomerate in North America—the largest in the world. When the final receipts for 2000 were tallied, Quebecor World stood at $6.5 billion in sales. Only R.R. Donnelley & Sons, at $5 billion, was remotely close. The difference between the two could form a company that would rank eighth on the Printing