LSC Communications has voluntarily filed Chapter 11 bankruptcy, but will continue to operate with debtor-in-possession financing.
On March 30, PubWest released an open letter to Amazon CEO Jeff Bezos encouraging his company to consider multiple ways to provide relief to the publishing industry during the COVID-19 epidemic, including waiving fees for qualified vendors on co-op, ASAP, and enhanced InStock protection, and treating books as “essential” goods.
Their proposed merger fell apart, but megaprinters Quad/Graphics and LSC nevertheless are looking more like monopolies.
Shareholder Sententia seeks to replace the board at LSC Communications with its own directors, and wants a special shareholder meeting.
Here are five areas of strategic impact that both publishers and printers need to look at and plan to work with.
Less than half of the existing workforce will be rehired should CJK Group ultimately acquire Thomson-Shore’s assets.
They argue that Quad’s acquisition of LSC would make it the monopoly provider in the long-run magazine and book printing businesses.
In a move to bring the bulk of their journal offprint work to one best-of-class provider, Wiley…
New York, NY (January 23, 2018) – Open Road Integrated Media (OR/M) vastly expanded Open Road Ignition (Ignition), its marketing services program for publishers. Grounded in revenue-share partnerships, Ignition delivered a 156% increase in revenue across all partner titles in the program. In 2018 over 30 publishers signed on to the program delivering over 6,100 titles. The program…