RR Donnelley Awarded $300 Million Multi-Year Print Management Agreement by Meredith
Comprehensive Magazine, Book and Logistics Contract Complemented by Innovative Print Management Agreement for Transactional and Other Documents
CHICAGO, July 20, 2011 (GLOBE NEWSWIRE) -- R. R. Donnelley & Sons Company (Nasdaq:RRD) today announced that it has been awarded approximately a $300 million multi-year Print Management agreement by Meredith, the leading media and marketing company serving American women.
Under the terms of the agreement which renews, extends and expands the companies' relationship, RR Donnelley will provide a broad array of products and services, including magazine and book production; logistics services — including co-mailing; and an innovative Print Management program. RR Donnelley's on- and near-site Print Management professionals will deliver a range of services to help contain costs and enhance the effectiveness of Meredith's transactional, commercial printed and other documents.
"We continue to enjoy a valuable long-term relationship with RR Donnelley," said Meredith Chairman and CEO Steve Lacy. "In renewing and expanding our mutual relationship, Meredith will take advantage of an even broader range of RR Donnelley's capabilities, eventually including their leverageable procurement scale through Print Management."
John Paloian, RR Donnelley's Chief Operating Officer stated, "We are very pleased and proud to have earned Meredith's continuing trust. RR Donnelley's continuing transformation into a global provider of integrated communications and content management services is reflected by the expanded scope of this agreement, which will see Meredith benefit from our magazine, book, logistics, commercial print and transactional documents platform. Our web-based Print Management system is built to help drive unmatched supply chain efficiencies."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. Founded more than 146 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to leading clients in virtually every private and public sector.
For more information and for RR Donnelley's Corporate Social Responsibility Report, visit the company's web site at http://www.rrdonnelley.com
About Meredith Corporation
Meredith Corporation (NYSE:MDP) (www.meredith.com) is the leading media and marketing company serving American women. Meredith features multiple well-known national brands — including Better Homes and Gardens, Parents, Family Circle, Ladies' Home Journal, Fitness, More and American Baby — along with local television brands in fast-growing markets. Meredith is the industry leader in creating content in key consumer interest areas such as home, family, health and wellness and self-development. Meredith uses multiple distribution platforms — including print, television, online, mobile, tablets, and video
— to give consumers content they desire and to deliver the messages of its advertising and marketing partners. According to the Advertising Industry Reports (AIR) survey of over 1,500 agency and marketing professionals, Meredith is the nation's "Highest Rated Media Company."
Additionally, Meredith uses its many assets to create powerful custom marketing solutions for many of the nation's top brands and companies. Meredith has significantly added to its marketing solution capabilities in recent years through the acquisition of cutting-edge companies in areas such as digital, mobile, word-of-mouth, social and database marketing.
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.
CONTACT: Media Contact:
Executive Vice President Communications
Senior Vice President Finance
Source: RR Donnelley
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