RR Donnelley Awarded Multi-Year $175 Million Contract by American Media
Press release from the issuing company
CHICAGO, Feb. 28 -- R. R. Donnelley & Sons Company has been awarded a multi-year contract by American Media, Inc., the nation's largest publisher of celebrity, health and fitness, and Spanish language magazines, for the premedia and printing of eight specialty titles. The term value of this agreement is expected to exceed $175 million. Beginning in the first quarter of 2006, RR Donnelley will produce Shape, Men's Fitness, Fit Pregnancy, Natural Health, Muscle & Fitness, Muscle & Fitness Hers, Flex and Looking Good Now magazines.
David Pecker, Chairman, President & CEO, American Media Inc., stated, "I am pleased that the decision to transfer this work to RR Donnelley enables us to expand and strengthen the relationship between our two companies. American Media is the country's leading publisher of Health and Fitness magazines, and this is a category from which we anticipate seeing significant growth. I am confident that RR Donnelley's demonstrated ability to provide outstanding quality, service and flexibility will continue to contribute to our success."
John Paloian, Group President, Publishing & Retail Services, RR Donnelley, added, "We are always excited to see tangible evidence that we continue to choose the right strategic direction for our company, as demonstrated by a major customer such as American Media, Inc. deciding to expand its position with us. RR Donnelley will continue to invest in its people, plants and processes to enable us to continue to support the effectiveness of magazines as a competitive medium."
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