RR Donnelley Awarded $300 Million Multi-Year Print Management Agreement by Meredith
July 20 2011 - 6:30AM
R. R. Donnelley & Sons Company (Nasdaq:RRD)
today announced that it has been awarded approximately a $300
million multi-year Print Management agreement by Meredith, the
leading media and marketing company serving American women.
Under the terms of the agreement which renews, extends and
expands the companies' relationship, RR Donnelley will provide a
broad array of products and services, including magazine and book
production; logistics services – including co-mailing; and an
innovative Print Management program. RR Donnelley's on- and
near-site Print Management professionals will deliver a range of
services to help contain costs and enhance the effectiveness of
Meredith's transactional, commercial printed and other
documents.
"We continue to enjoy a valuable long-term relationship with RR
Donnelley," said Meredith Chairman and CEO Steve Lacy. "In renewing
and expanding our mutual relationship, Meredith will take advantage
of an even broader range of RR Donnelley's capabilities, eventually
including their leverageable procurement scale through Print
Management."
John Paloian, RR Donnelley's Chief Operating Officer stated, "We
are very pleased and proud to have earned Meredith's continuing
trust. RR Donnelley's continuing transformation into a global
provider of integrated communications and content management
services is reflected by the expanded scope of this agreement,
which will see Meredith benefit from our magazine, book, logistics,
commercial print and transactional documents platform. Our
web-based Print Management system is built to help drive unmatched
supply chain efficiencies."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated
communications. Founded more than 146 years ago, the company works
collaboratively with more than 60,000 customers worldwide to
develop custom communications solutions that reduce costs, enhance
ROI and ensure compliance. Drawing on a range of proprietary and
commercially available digital and conventional technologies
deployed across four continents, the company employs a suite of
leading Internet based capabilities and other resources to provide
premedia, printing, logistics and business process outsourcing
products and services to leading clients in virtually every private
and public sector.
For more information and for RR Donnelley's Corporate Social
Responsibility Report, visit the company's web site at
http://www.rrdonnelley.com
About Meredith Corporation
Meredith Corporation (NYSE:MDP) (www.meredith.com) is the
leading media and marketing company serving American women.
Meredith features multiple well-known national brands –
including Better Homes and Gardens, Parents, Family Circle, Ladies'
Home Journal, Fitness, More and American Baby – along with local
television brands in fast-growing markets. Meredith is the
industry leader in creating content in key consumer interest areas
such as home, family, health and wellness and self-development.
Meredith uses multiple distribution platforms – including
print, television, online, mobile, tablets, and video – to give
consumers content they desire and to deliver the messages of its
advertising and marketing partners. According to the Advertising
Industry Reports (AIR) survey of over 1,500 agency and marketing
professionals, Meredith is the nation's "Highest Rated Media
Company."
Additionally, Meredith uses its many assets to create powerful
custom marketing solutions for many of the nation's top brands and
companies. Meredith has significantly added to its marketing
solution capabilities in recent years through the acquisition of
cutting-edge companies in areas such as digital, mobile,
word-of-mouth, social and database marketing.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as
defined in the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley
disclaims any obligation to update or revise any forward-looking
statements.
CONTACT: Media Contact:
Doug Fitzgerald
Executive Vice President Communications
Tel: 630-322-6830
E-mail: doug.fitzgerald@rrd.com
Investor Contact:
Dave Gardella
Senior Vice President Finance
312-326-8155
E-mail: david.a.gardella@rrd.com
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