RR Donnelley Awarded $175 Million Multi-Year Agreement by F+W Media, Inc.
April 24 2014 - 5:30AM
R. R. Donnelley & Sons Company (Nasdaq:RRD)
announced today that it has been awarded a $175 million multi-year
agreement by F+W Media, Inc. that renews and significantly expands
the companies' relationship through 2021. Under the terms of the
agreement, RR Donnelley will produce books, magazines, direct mail,
commercial print and catalogs for F+W Media, Inc. and provide
logistics services.
"Through organic growth and strategic acquisitions, F+W Media
has expanded its reach in serving tens of millions of consumers
annually. RR Donnelley's unmatched global print platform and
leading digital solutions make them an ideal partner as we continue
our aggressive growth plans," stated David Nussbaum, F+W Media's
Chairman and Chief Executive Officer.
F+W Media offers a diversified portfolio of books, ebooks,
magazines, events, competitions, ecommerce, online education,
videos, and television programs to its vertical communities. The
company is organized around its enthusiast categories such as
crafts, writing, fine arts, design and outdoors. The company
currently has more than 60 magazine titles and publishes
approximately 600 new book titles annually, with a backlist of
nearly 4,000 titles.
"All of us at RR Donnelley are very pleased to be
extending and expanding our long-term relationship," said Dan
Knotts, RR Donnelley's Chief Operating Officer. "Our
exceptionally broad production platform and related services are
designed to help content providers connect with their audiences
with a full spectrum of integrated communications."
About RR Donnelley
RR Donnelley (Nasdaq:RRD) helps organizations communicate more
effectively by working to create, manage, produce, distribute and
process content on behalf of our customers. The company assists
customers in developing and executing multichannel communication
strategies that engage audiences, reduce costs, drive revenues and
increase compliance. RR Donnelley's innovative technologies enhance
digital and print communications to deliver integrated messages
across multiple media to highly targeted audiences at optimal times
for clients in virtually every private and public sector.
Strategically located operations provide local service and
responsiveness while leveraging the economic, geographic and
technological advantages of a global organization.
For more information, and for RR Donnelley's Global Social
Responsibility Report, visit the company's web site
at http://www.rrdonnelley.com.
About F+W Media, Inc.
F+W Media, Inc. (fwmedia.com) is a leading content and ecommerce
company serving enthusiast vertical markets, with a diversified
portfolio of print, digital media, and events businesses. The
Company is an industry-leader in eCommerce with more than 30 niche
ecommerce stores.
Use of Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and 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:
Phyllis Burgee, Director Communications:
Tel: +1 630-322-6093
E-mail: phyllis.burgee@rrd.com
Investor Contact:
Dave Gardella, Senior Vice President Finance:
Tel: +1 312-326-8155
E-mail: david.a.gardella@rrd.com
F+W Media Contact:
Stacie Berger, Vice President, Communications
E-mail: sberger@fwmedia.com
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