Treating the U.S. tariffs as another business challenge—along with rising production costs, slimmer profit margins, and more stringent regulations—is the pragmatic way forward for Hong Kong and China print manufacturers.
Bibles and other religious books were not included on the first list of products imported from China that are subject to 10% tariffs beginning September 1. Tariffs on some children's books were delayed until December 15, but all other books still face the possibility of a 10% tariff in less than three weeks.
Late last week, Judge Charles R. Nagle denied Quad’s motions for an expedited trial in the Department of Justice’s lawsuit aimed at blocking Quad’s purchase of LSC Communications. The trial is set for November 14.
Less than half of the existing workforce will be rehired should CJK Group ultimately acquire Thomson-Shore’s assets.
Dexter, Mich.-based printer Thomson-Shore filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan Southern Division earlier this week. If things go according to plan, its assets will be sold to the CJK Group.
They argue that Quad’s acquisition of LSC would make it the monopoly provider in the long-run magazine and book printing businesses.
Lumina Datamatics has upgraded its Rights Platform with the inclusion of blockchain solution RapidRightsChain. Shorter rights acquisition time and lower costs are the main advantages coming out of this new upgrade, the company says.
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