Extends and Expands the Relationship with a Range of Integrated Communications
R. R. Donnelley & Sons Company (Nasdaq:RRD) announced today that it has been awarded a $175 million multi-year agreement by F+W Media, Inc. that renews and significantly expands the companies' relationship through 2021. Under the terms of the agreement, RR Donnelley will produce books, magazines, direct mail, commercial print and catalogs for F+W Media, Inc. and provide logistics services.
"Through organic growth and strategic acquisitions, F+W Media has expanded its reach in serving tens of millions of consumers annually. RR Donnelley's unmatched global print platform and leading digital solutions make them an ideal partner as we continue our aggressive growth plans," stated David Nussbaum, F+W Media's Chairman and Chief Executive Officer.
F+W Media offers a diversified portfolio of books, ebooks, magazines, events, competitions, ecommerce, online education, videos, and television programs to its vertical communities. The company is organized around its enthusiast categories such as crafts, writing, fine arts, design and outdoors. The company currently has more than 60 magazine titles and publishes approximately 600 new book titles annually, with a backlist of nearly 4,000 titles.
"All of us at RR Donnelley are very pleased to be extending and expanding our long-term relationship," said Dan Knotts, RR Donnelley's Chief Operating Officer. "Our exceptionally broad production platform and related services are designed to help content providers connect with their audiences with a full spectrum of integrated communications."
