Quad closes book printing operations


Publishers got a nasty surprise last week when Quad unexpectedly shut down its book printing facilities, forcing publishers to scramble to find a replacement. Quad did not respond to requests for comment from PW whether she intended to reopen the book factories.

The shutdown comes at a time when the loss of printing capacity is one of the many concerns publishers are facing due to the novel coronavirus outbreak. Overall, most printers print, albeit on different schedules as they adapt to state policies, personnel, and book types.

Quad put its book printing business up for sale last fall after its plans to merge with the nation’s largest book printer, LSC Communications, failed after the US Department of Justice filed a complaint antitrust. Quad has not yet responded to requests for comment from PW whether he has found a buyer, but to date none has been announced.

LSC, meanwhile, continues to operate, although it faces its own financial challenges. Revenue in 2019 fell 15% from 2018, falling to $ 3.33 billion, and the company recorded a net loss of $ 288 million. Sales of his group of books fell 4% to 1.01 billion%.

Accompanying the publication of its 2019 financial report in early March, LSC signaled that it was not meeting its financial commitments, which put it at risk of defaulting on its loans. LSC took time to develop a financial plan, making a deal with its lender that prevents it from taking action on unpaid debts until May 14.


Leave A Reply