UPDATE 1-Worldcolor narrows quarterly loss

TORONTO, May 10 (Reuters) - Worldcolor, formerly known as Quebecor World, reported a smaller first-quarter loss on Monday helped by a massive restructuring plan and other cost-containment initiatives. The Montreal-based company, which is being acquired by U.S. printing rival Quad/Graphics, reported a loss of $29 million compared with a loss of $126 million for the same time a year earlier. The company did not provide per share numbers. Revenue fell 8 percent to $692 million. The company said the takeover, which was announced during the quarter, is expected to be completed in the early summer pending the usual regulatory requirements. ($1=$1.02 Canadian) (Reporting by Scott Anderson; Editing by Derek Caney) Keywords: WORLDCOLOR/ (scott.anderson@reuters.com; +1 416 941 8106; Reuters Messaging: scott.anderson.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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