LSC Communications has voluntarily filed Chapter 11 bankruptcy, but will continue to operate with debtor-in-possession financing.
The loss of printing capacity is one of the many concerns publishers are facing because of the new coronavirus outbreak—and the business was dealt an unhappy surprise last week when Quad unexpectedly closed its book printing facilities.
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.
Lightning Source has sent a notice to all publishers who use Ingram’s print-on-demand service informing them that, as of April 27, it will remove print content from its catalog that falls within certain prohibited areas. The goal, Ingram said, is to uphold the quality of its content and to guard against copyright infringement.
Following the February 17 announcement by Penguin Random House parent company Bertelsmann that the conglomerate will be carbon neutral by 2030, PRH global CEO Markus Dohle sent a letter to employees outlining the publisher’s role in helping Bertelsmann achieve that target.