The big news in Quad’s third quarter earnings release was ceo Joel Quadracci’s announcement: “We have made the strategic decision to divest our book business.” Having cancelled their planned merger with the leading book printer LSC Communications, Quad has apparently chosen not to engage in what the Department of Justice had called their “intense rivalry.” Quadracci claims, “We are selling the business to ensure continued capacity for our clients and sustainable employment for our employees, and an ongoing presence in the communities where the book plants are located.” Their book printing business generates a little over $200 million a year, […]
