Offset

The CJK Group has acquired the assets of Quad/Graphics’ Versailles, Ky., book manufacturing facility. Under the agreement, CJK bought the equipment and assumes the customer contracts at the facility.

Analysts at the Book Manufacturers Institute’s Spring Management Conference were optimistic about the recovery of the printing sector and the overall economy despite the severe impact of the pandemic and subsequent lockdown.

LSC Communications has voluntarily filed Chapter 11 bankruptcy, but will continue to operate with debtor-in-possession financing.

LSC Communications, one of the country’s largest printers and its largest book printer, has filed for Chapter 11 bankruptcy. The company said it expects to operate normally as it works its way through the restructuring process.

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.

With governors of both Illinois and New Jersey issuing shelter-in-place orders, IPG, located in Illinois, and Bookazine, based in the Garden State, said they remain open.

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 signing of a phase one trade deal between the U.S. and China, books that were subject to a 15% tariff had the duty lowered to 7.5% on February 14.