RRD.WI Donnelley (R.R.) & Sons Co.

RR Donnelley Gains New Business From Time Inc. RR Donnelley and LIFE Magazine: Together Again CHICAGO, Aug. 4 /PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company (NYSE:RRD) has entered into a multi-year agreement with Time Inc., a business unit of Time Warner Inc., and the largest magazine publisher in the world, to print LIFE, its celebrated magazine of photojournalism. Inserted into 50 newspapers each Friday, this 12 million-copy magazine will have approximately 50% of its total circulation produced by RR Donnelley. When Time Inc. originally launched LIFE magazine in 1936, RR Donnelley was selected as its printer. Commenting on being chosen for this new work, John Paloian, RR Donnelley's Group President, Publishing & Retail Services, said, "We are extremely pleased to have been selected to participate in the new launch of the respected LIFE brand. Having worked together for more than 80 years, we appreciate the confidence that Time Inc. continues to demonstrate in our ability to successfully produce their magazines in an efficient and effective manner." Barry Meinerth, Senior Vice President, Production and Fulfillment, Time Inc., added, "After careful consideration of the available marketplace options, we are comfortable with our decision to select RR Donnelley as a printer for LIFE magazine, which will be distributed weekly in newspapers across the country. The strategic locations of their gravure manufacturing plants, combined with their overall distribution expertise and their experience in serving time-sensitive markets, were all key factors in our decision." Susan Popler-Roy, LIFE's Director of Operations & Technology, said, "In RR Donnelley, we are getting the benefit of significant technological and operational expertise along with a thorough understanding of LIFE magazine's strategic goals. RR Donnelley's longstanding history of working closely with LIFE will serve us well as we undertake one of the most ambitious launches of a weekly magazine." Beginning this October, RR Donnelley will be responsible for producing the west coast and southeast copies of LIFE at its Reno, Nev., and Spartanburg, S.C., plants. Printing LIFE magazine represents a significant extension of Time Inc.'s relationship with RR Donnelley. RR Donnelley currently prints Time, Sports Illustrated and People magazines for Time Inc., as well as various specials, direct mail, commercial print, forms, books and provides some logistics services. About RR Donnelley RR Donnelley (NYSE:RRD) is the world's premier full-service global print provider and the largest printing company in North America, serving customers in the publishing, healthcare, advertising, retail, technology, financial services, and many other industries. Founded 140 years ago, the company provides solutions in commercial printing, forms and labels, direct mail, financial printing, print fulfillment, business communication outsourcing, logistics, online services, digital photography, and content and database management. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services, and market-specific solutions. For more information, visit the company's web site at http://www.rrdonnelley.com/ . About Time, Inc. Time Warner is the world's leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems and publishing. Its magazine publishing business unit, Time Inc., is the largest magazine publisher in the world. Its 134 magazines reach total audiences of more than 300 million. One in two U.S. adults reads a Time Inc. magazine each month. Use of Forward-Looking Statements Except for historical information, 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 press 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 described in RR Donnelley's and Moore Wallace's filings with the U.S. Securities and Exchange Commission (SEC) and Canadian securities regulatory authorities, as applicable, including the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein. RR Donnelley disclaims any obligation to update or revise any forward-looking statements. DATASOURCE: RR Donnelley & Sons Company CONTACT: Media, Doug Fitzgerald, Sr. Vice President, Marketing and Corporate Communications, +1-312-326-7740, , or Investors, Dan Leib, Vice President, Investor Relations, +1-312-326-7710, , both of RR Donnelley Web site: http://www.rrdonnelley.com/

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