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Detroit Newspapers Announces Investment, Includes 6 MAN Roland Presses

Press release from the issuing company

DETROIT, June 26, 2002-- Detroit Newspapers announced earlier this week plans for a multi-million dollar investment in its printing presses and facilities, which will significantly upgrade the publishing and delivery capabilities of The Detroit News and the Detroit Free Press. The project, estimated at more than $170 million, is one of the largest such projects for a newspaper company in the U.S., and will take more than three years to complete. It includes a significant investment in MAN Roland equipment. MAN Roland has been selected to supply six GEOMAN 75 offset presses, each capable of printing 75,000 copies per hour. MAN Roland is one of the world's largest manufacturers of sheetfed and web printing presses. It has recently filled orders for new presses from major newspapers in Indianapolis, Omaha and Des Moines, as well as many overseas locations. "This significant investment signals a bright future for The Detroit News," said Detroit News Publisher and Editor Mark Silverman. "It means that we will be able to keep up with the changing needs of our present readers and meet needs of new readers in the future. We will have new flexibility and new options for giving readers the best and most up-to-date newspaper possible. A new press facility will enhance our ability to provide important public service coverage and information people need in a format that's easy to use and engaging to read."

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