RR Donnelley Awarded a Renewed and Expanded Multi-Year Agreement by Print Media LLC
22 December 2015 - 8:00AM
R. R. Donnelley & Sons Company (Nasdaq:RRD)
announced today that it has been awarded a multi-year
agreement by Print Media LLC that renews and expands the
companies' relationship through 2020.
Print Media prints, packages and distributes the YP™ The Real
Yellow Pages® directory that consumers use to find high quality
products and services in their area.
Under the terms of the agreement, RR Donnelley will continue to
produce Print Media’s YP-branded directories in the U.S. In
addition, the relationship is expanded to include distribution
services.
“We are particularly pleased to be extending and expanding this
valued, long-term relationship," said Dan Knotts, RR Donnelley's
Chief Operating Officer. "Our ability to fulfill and then to
supplement and integrate our customers’ products ideally positions
us to support our clients in today’s multi-media environment.”
Jack Freker, Chief Executive Officer for Print Media, stated,
"Our continuing relationship with RR Donnelley directly supports
Print Media’s strategy to focus on best-in-class print advertising
solutions through dynamic enhancements in our print directory
product, unique investments in related print mediums and a more
focused strategy."
RR Donnelley has printed directories for Print Media and its
predecessor companies for more than 40 years. Print Media and
its predecessor companies have been publishing print directories
for over a century.
About Print Media
Print Media LLC is a directional media advertising company
pioneering new ways for businesses to connect with consumers who
are searching for goods and services in their local area. Print
Media is the publisher of YP-branded telephone directories
including the Real Yellow Pages® directory.
The yellow pages directory is accessed more than 4,000 times per
minute in Print Media’s market areas -- and used by half of the
adults in the U.S. each year – according to an independent study by
the Local Search Association conducted in 2014. In addition, print
ad viewers are typically in the final stages of making a purchase
or contracting a service with 75 percent making a purchasing
decision after comparing print ads.
Print Media is owned by affiliates of Cerberus Capital
Management and AT&T.
YP™ and The Real Yellow Pages® are trademarks of YP LLC, and
used under license from YP LLC.
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.
Media Contact: Phyllis Burgee, Director Communications: Tel: +1 630-322-6093 E-mail: phyllis.burgee@rrd.com
Investor Contact: Dave Gardella, Senior Vice President Finance: Tel: +1 312-326-8155 E-mail: david.a.gardella@rrd.com
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