R.R. Donnelley awarded US$175M agreement by F+W Media, expanding companies' relationship through 2021; R.R. Donnelley will print books, magazines, direct mail, and catalogs and provide logistics services for F+W Media
April 24, 2014
– Extends and Expands the Relationship with a Range of Integrated Communications
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.