Quad/Graphics Exiting the Book Business
The second largest printer of books in the United States announced that it plans to exit the business.
Quad, AKA Quad/Graphics, stated in a news release that it "plans to divest book business that generates annual sales of $200 million as part of ongoing portfolio optimization."
The announcement comes barely three months after Quad called off a merger with rival megaprinter LSC Communications, the nation's largest book printer. The U.S. Justice Department objected to the proposed merger because LSC and Quad are "the only two significant providers of magazine, catalog, and book printing services."
D. Eadward Tree is a pseudonymous magazine-industry insider who provides insights on publishing, postal issues and print media on his blog, Dead Tree Edition.
