CHICAGO, Sept. 11, 2014 (GLOBE NEWSWIRE) -- R. R. Donnelley & Sons Company (Nasdaq:RRD) announced today that it has been awarded a $60 million multi-year agreement by Crain Communications that significantly expands the companies' relationship through 2020. Under the terms of the agreement, RR Donnelley will produce all 15 U.S.-based Crain publications including Advertising Age, Automotive News, Business Insurance and Crain's New York Business. In addition to magazine production, RR Donnelley will provide premedia, commercial print, international mail and logistics services.
"After a nearly 30 year relationship with RR Donnelley, we knew their production and distribution expertise was the best choice for meeting our "readers first" philosophy, ensuring our content is delivered in the timeliest and most effective way possible," stated Keith Crain, Chairman, Crain Communications.
Crain Communications is one of the largest privately held media companies in the U.S. with 24 leading business, trade and consumer printed and online publications in North America, Europe and Asia. The company's 825 employees in 13 locations produce trusted and relevant news, lead generation, research and data products, custom publishing and events that contribute to the success of its millions of readers and its clients.
"We are extremely pleased to have earned the opportunity to expand our relationship with Crain Communications," said Dan Knotts, RR Donnelley's Chief Operating Officer. "Our solutions are designed to improve the complete go-to-market process for publishers — from prepress/preflight and premedia, to print and bind, mailing, and distribution."
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.
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.
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