Two of the top magazine printers in the U.S. are set to merge next year, continuing in the years-long trend of consolidation within the printing industry. Quad/Graphics will acquire LSC Communications in an all-stock transaction with an approximated value of $1.4 billion, which is expected to close in mid-2019. As of Sept. 30 of this year, the estimated combined annual revenue of the company would have been $8 billion. “This is a defining moment in Quad’s 47-year journey,” said Joel Quadracci, Quad/Graphics chairman, president, and CEO, in a statement. “Together with LSC Communications, we will create a compelling combination of talent, expertise and client technology to further fuel our Quad 3.0 marketing solutions transformation and strengthen the role of print–a proven and trusted media form in today’s multichannel world.” This acquisition will mark the ninth merger for Quad within the decade. According to Quadracci in the printer’s 2017 Q4 Conference Call, these mergers are part of the Quad 2.0 transformation plan, which started in 2010 with the $1.3 billion purchase of World Color and is aimed at making the company a “disciplined industry consolidator.” While the 2.0 strategy is aimed at consolidation, the Quad 3.0 strategy focuses on the company’s ability to expand their capabilities quickly with appropriate resources to scale significantly, according to Quadracci in the Q4CC. The most recent merger for the company took place in March of this year when the company... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2018-10-31 00:00:00 UTC ]
News tagged with:
#major step
#common stock
Two of the top magazine printers in the U.S. are set to merge next year, continuing in the years-long trend of consolidation within the printing industry. Quad/Graphics will acquire LSC Communications in an all-stock transaction with an approximated value of $1.4 billion, which is expected to... Continue reading at Folio Magazine
[ Folio Magazine | 2018-10-31 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#major step
#common stock
The company expands its printing and distribution services by purchasing one of the largest publication printers in the U.S. The post LSC Communications Acquires Publishers Press appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-07 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#company expands
#distribution services
England's merged Cambridge University Press & and Assessment reports record revenues and numbers of users in 2022-2023. The post Year End: Cambridge University Press Reports Record £1 Billion in Revenue appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-12-12 20:15:01 UTC ]
More news stories like this | News stories tagged with:
#revenue appeared
#year end
#cambridge university press
In what is likely a record price for an audiobook publisher, KKR, the private equity firm that owns RBmedia—and a rumored contender to buy S&S—is selling the company for an alleged $1 billion sum. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-26 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#$1 billion
#record price
#audiobook publisher
#audiobook
With all of its operating groups reporting sales gains, revenue and profits hit record levels in 2022 at Simon & Schuster. CEO Jonathan Karp called the year "stratospheric." Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-02-16 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#simon schuster
Mad Cave Studios, a Miami graphic novel publisher, has acquired Papercutz, the groundbreaking independent children’s graphic novel house founded in 2005 by Terry Nantier and Jim Salicrup. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-08-17 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#graphic novel
Driven by an increase in its physical stores, sales at Indigo Books & Music increased 17.4% in the fiscal year ended April 2, 2022, over fiscal 2021, rising to C$1.06 billion. Canada’s largest bookstore chain had an operating profit of C$29 million, compared to a loss of C$31.9 million in... Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-06-08 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#$1 billion
#physical stores
#operating profit
#bookstore chain
PC gaming Giant Take-Two has announced that it's making a big move into mobile gaming with the acquisition of Zynga for a total price of approximately $12.7 billion. Take-Two already owns Rockstar Games, Codemasters and 2K, producing games like Grand Theft Auto, Red Dead Redemption, Bioshock and... Continue reading at Engadget
[ Engadget | 2022-01-10 13:17:58 UTC ]
More news stories like this | News stories tagged with:
#big move
#rich history
#publishing platform
Dotdash, the digital publisher owned by IAC, announced Wednesday evening that it has reached an agreement to acquire Meredith Corp., a holding company whose titles include iconic properties like People, Southern Living and Better Homes & Gardens. Dotdash will purchase Meredith at a price of... Continue reading at AdWeek
[ AdWeek | 2021-10-06 22:53:29 UTC ]
More news stories like this | News stories tagged with:
#southern living
#homes gardens
#digital publisher
'Dune', Frank Herbert’s 1965 global bestseller and landmark epic science-fiction novel, has been adapted into a graphic novel. In this nine-page excerpt, the novel’s key character Paul Atreides and his family members prepare to travel to, and take control of, the planet Arrakis, the only source... Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-10-21 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#frank herbert
#nine-page excerpt
We continue to be inspired by all of the thoughtful acts of kindness around the publishing industry. Collectively, our industry is coming together and using our compassion and creativity to help others. To date, we have given 24 shout-outs that have no doubt made an impact on several thousands... Continue reading at Folio Magazine
[ Folio Magazine | 2020-05-01 15:53:27 UTC ]
More news stories like this | News stories tagged with:
#challenging time
#hearst magazines
#raise money
#business days
#majority owner
#give back
Sarah Frier traces the company’s cultural impact along with its business history. Continue reading at The Washington Post
[ The Washington Post | 2020-04-30 15:32:33 UTC ]
More news stories like this | News stories tagged with:
#fast growth
#cultural impact
After weeks of credible speculation and reporting, LSC Communications announced clarity around its reorganization plans, which includes filing for Chapter 11 bankruptcy with the Southern District of New York. The company was left with few option after accumulating at least $893 million in... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-13 15:00:01 UTC ]
More news stories like this | News stories tagged with:
#step forward
#manufacturing platform
#restructuring plan
#magazine publishing
#largest book
Weeks after issuing an earnings that report that revealed the company lost $295 million last year, publication printer LSC Communications is preparing to file for Chapter 11 bankruptcy, Bloomberg reports, citing "people with knowledge of the plans." The news comes less than a year after the... Continue reading at Folio Magazine
[ Folio Magazine | 2020-03-25 18:34:08 UTC ]
More news stories like this | News stories tagged with:
#takeover bid
#general partner
#manufacturing platform
#developing story
#largest book
Want to experience the bard(s) as they were meant to be enjoyed without being pelted in the head with rotten vegetables by the haters? We got you. Continue reading at Book Riot
[ Book Riot | 2019-12-04 11:39:41 UTC ]
More news stories like this | News stories tagged with:
#graphic novel
The printing giant posted a sales decline of 17.9% in the third quarter, although excluding one-time items "organic sales" were down 9.3%. The company also lowered its forecast for sales and earnings for the full year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-07 05:00:00 UTC ]
More news stories like this | News stories tagged with:
#sales decline
#lsc communications
#full year
A Big Green Bookshop campaign has raised more than £3,000 to get a copy of climate activist Greta Thunberg's book into the hands of 1,000 schoolchildren. Continue reading at The Bookseller
[ The Bookseller | 2019-07-31 07:07:49 UTC ]
More news stories like this |
Quad and LSC Communications announced this morning that they have mutually agreed to call off the planned purchase of LSC by Quad following a DoJ lawsuit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-07-23 04:00:00 UTC ]
More news stories like this | News stories tagged with:
#mutually agreed
#planned purchase
Not every novel can make it as a graphic novel. There are some specific criteria that have to be met plus an ineffable...thing. Continue reading at Book Riot
[ Book Riot | 2019-07-18 10:42:03 UTC ]
More news stories like this | News stories tagged with:
#graphic novel