Quad/Graphics Lands $35 Million Contract Renewal From Crain

Press release from the issuing company

SUSSEX, Wis.--June 23, 2003-- Quad/Graphics -- the world's largest privately held printer of magazines, catalogs and commercial products -- has earned a seven-year, $35 million contract renewal from trade publisher Crain Communications, Inc. for the print production and distribution of four weekly titles (Advertising Age, Television Week, Business Insurance and Automotive News), as well as one monthly (B-to-B). "Crain is pleased to extend its partnership with Quad/Graphics and we look forward to the ongoing benefits of new technology, reduced cycle times and other value added enhancements that are brought to fruition through Quad's continuous improvement efforts," said Bob Adams, Crain Communications' Group Vice President. "For the past seven years, Crain has capitalized on the many benefits of our high-tech manufacturing platform, and we look forward to building on that relationship over the next seven years," said Thomas A. Quadracci, President and CEO of Quad/Graphics. "Quad/Graphics' continuous improvement is made possible through clients like Crain who embrace the technology we offer and continually strive to push the process to the next level." In total, Quad/Graphics will print more than 15 million tabloid-size Crain magazines each year in its Sussex, Wis., plant. In addition to housing the nation's largest web offset pressroom, the facility boasts an enormous redundancy of saddle-stitching equipment, making it extremely well suited for handling the concurrent production of Crain's multiple weekly titles in a narrowly defined window of time. Having the ability to consolidate all its manufacturing in one plant also yields substantial distribution savings for the publisher. Crain further benefits from Quad/Graphics' cutting-edge finishing technologies, which include unparalleled ink jetting, onserting and polybagging capabilities. Crain recently challenged Quad/Graphics to produce a special issue of Television Week in which a portion of the June 2 print run featured CDs lobbying for each of Touchstone Television's Emmy award-nominated shows. The books, targeted at voter-readers, featured nine CDs total: one in a plastic carrier tucked inside each book's cover wrap, and eight additional CDs tipped onto a 12-page insert bound into the center of the publication. Despite the complexity, production was done without delaying Television Week's normal schedule. Added Mr. Adams: "Our advertising clients are consistently more demanding in terms of quality and finding unique and innovative ways to reach their markets. Quad was able to accommodate this very complex mechanical operation in conjunction with maintaining the production schedules vital to our timely editorial content and the critical on-time delivery to our readers."