Magazines
CHICAGO, Feb. 21 - R.R. Donnelley & Sons Company (NYSE: RRD) has been awarded a multi-year contract extension to provide all of the magazine printing, paper and logistics services; as well as components of the prepress needs for the Johnson Publishing Company's "world renowned" EBONY and JET magazines. Johnson Publishing Company, Inc., is the world's largest African American-owned publishing company. EBONY magazine, the No. 1 magazine for African-Americans, is published monthly and reaches over 12 million readers with each issue. JET, with a 10 million weekly readership, provides complete news coverage on African Americans in the United States and all over the world by giving African-Americans a national weekly magazine, from an African-American perspective, in a convenient, efficient pocket-size form. The projected term value of this agreement exceeds $70 million.
Linda Johnson Rice, President and Chief Executive Officer of Johnson Publishing Company, Inc. stated, "While we have only been doing business together for the past few years, we have been pleased with how quickly RR Donnelley has developed a deep understanding of our business requirements. They continue to be an effective partner in supporting our strategic business imperatives of subscriber and advertising growth. We are confident that in awarding RR Donnelley this contract extension we have made the right choice for our current and future needs."
John Paloian, Group President, RR Donnelley's Publishing & Retail Services Group added, "We are very proud to have earned the high level of trust and confidence of the Johnson Publishing Company, which has led them to award us this contract extension to supply all of their magazine printing and print- related needs. We remain committed to supporting their global brands with the high level of quality and service that they demand, and that has characterized our relationship."
About RR Donnelley
RR Donnelley (NYSE: RRD) is the world's premier full-service provider of print and related services, including document-based business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, forms and labels, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at http://www.rrdonnelley.com .
Use of Forward-Looking Statements
This news release may contain "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. Readers are strongly encouraged to read the full cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
