DOW JONES NEWSWIRES
R.R. Donnelley & Sons Co. (RRD) acquired e-book and
periodical pioneer LibreDigital Inc., extending the commercial
printer's capabilities in digital publishing.
Financial terms of the deal weren't disclosed.
R.R. Donnelley has been acquisitive lately, diversifying its
operations as demand shifts away from printed publications.
R.R. Donnelley's Chief Operating Officer John Paloian said that
the acquisition will allow the company to "to support publishers
and other customers with capabilities that include physical and
digital production and distribution."
While revenue has been improving in recent quarters,
restructuring costs and higher expenses have hit the bottom
line.
Shares closed Tuesday at $14.81 and were inactive premarket. The
stock is down 15% this year.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481;
Tess.Stynes@dowjones.com