R. R. Donnelley & Sons Co. has been awarded a multiple-year print management agreement by Scotiabank, which is both a renewal and expansion of the relationship between the two companies.
Under the terms of the agreement, RR Donnelley is to provide a range of products and services described as digital printing, forms, kitting and fulfillment services, and regulatory communications. The new agreement is to also employ RR Donnelley's (RRD) proprietary CustomPoint system, which provides a configured suite of online services.
"We are very proud and pleased to have earned the continuing trust of Scotiabank," stated Drew Sullivan, President of RR Donnelley’s operations in Canada. "We have built a comprehensive capability to help our customers' content connect with their key audiences and continue to develop the next generation of innovative solutions."
Previous initiatives like instituting electronic invoicing and print management strategies to consolidate documents, according to RRD, have helped Scotiabank reduce consumption by almost 30,000 pages annually.
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Oxford, UK-based Macmillan Education announced it will stop producing printed dictionaries after the final edition rolls off the presses this month. Since 2009, the company has started to transition users to its Macmillan Dictionary Online service.
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By Victoria Gaitskell
I know you’re terribly busy. On most days, most printers are stretched so thin that squeezing in one more extra task seems next to impossible. Even so, it would be a prudent business decision to take the time to submit your achievements into the 7th-annual Canadian Printing Awards (CPAs). Any serious business owner or manager needs to make it a priority to enter awards programs in their field, particularly a Canadian-specific initiative, because of the multitude of astonishing benefits they’ll reap in return. Here are seven of the biggest:
1. Large-scale publicity
Arguably, awards are the most powerful and cost-effective marketing tool. The publication, association, or trade show that organizes an awards program will devote considerable resources to publicizing the awards and participants before, during, and after the event. Especially if you are a winner or finalist, you can continue to publicize your own participation and successes in the awards program to your customers, prospects, prospective investors, and trade media indefinitely. Many awards, including the CPAs, come with an impressive trophy you can display prominently at your company forever.
2. A record of your achievements
Awards contests help you review your own progress and evaluate your successes and the areas of your business that need improvement. Initially you’ll perform this process when deciding which projects and initiatives to submit to the contest. But also, while some of the CPAs' categories require you to submit only basic information with the entry fee, others require more detailed documentation. The latter categories not only help you document your progress but also result in a report you can recycle many times in many ways to broadcast your achievements and track your future progress.
3. Networking opportunities and peer recognition
Awards competitions and ceremonies attract the best companies and prominent business leaders. Thus they provide an opportunity for you to show off and discuss your best achievements and latest innovations with a discerning and appreciative audience. Additionally, by attending the presentation ceremony or even by connecting with fellow participants by phone, e-mail, or social media, you can build your relationships and network with a prestigious new pool of contacts.
4. A leg up on your competition
Entries, recognition, or wins all give you a tangible edge over competitors and showcase your company as among the best in your field.
5. Support for your employer brand
Participants gain recognition in their industry as award-winning employers whose companies and products make them leaders in their field. This recognition makes your company a more attractive place to work for top-performing new hires.
6. Staff motivation, morale, and retention
Everyone wants to feel appreciated and part of a successful organization. Participating in awards competitions sends your staff the message that your company is worthy of recognition by a respected external body. This realization raises staff’s motivation and morale, especially if your company is astute enough to use your victories in awards competitions as platforms to stage internal celebrations recognizing the achievements of staff members who contributed to your success. It also helps to buy staff tickets for the dinner where prizes are announced, held in Toronto on November 29th.
7. A measure of your performance
Entering the awards gives you an unparalleled opportunity to assess the strength of your entry against others in the same category and gauge how your business stacks up against the very best. Frankly, you’d be crazy not to take advantage of this opportunity for an economically priced assessment from some of the industry’s most knowledgeable independent business experts who judge the entries.
But the craziest part is that you can reap all the above seven benefits for a cost of between $90 and $110 per contest submission. (The actual cost depends on the total number of submissions you make.) With 25 awards in three diverse categories, it’s hard to imagine why any printing company of any size wouldn’t take advantage of the opportunity to participate in the CPAs.
Entry information can found at printaction.com/cpa
Newsweek, the 79-year-old New York-based publication, has announced it will no longer produce a print version after December 31st. The company will instead move to an online-only model in a publication called Newsweek Global.
First published in February 1933, the magazine faced turmoil during the 2008 financial crisis which saw it restructure its business significantly. Between early 2008 and mid 2009, its subscriber base fell from 3.1 million to 1.9 million. The publication was sold by its parent company of 40 years, the Washington Post Co.
With the rise of online media, the news magazine changed its editorial focus from news coverage to more of opinion and analysis within the last decade. In 2010, it merged with online publication The Daily Beast, with the aim of having the online arm cover the daily news while the print edition providing more insightful analysis.
Quad Graphics, which has been printing Newsweek since 1977, announced that there will be no job cuts as a result of Newsweek's online transition.
"We have printed Newsweek for many years and are sad to see this venerable newsweekly end its print edition," said Claire Ho, a spokesperson for Quad. "Today's announcement will have negligible financial impact on our company. The work we performed for Newsweek was insignificant to our overall business." Quad, earlier this month, announced a new US$900 million agreement to produce 85 percent of Time Inc.'s print work.
An error by Chicago-based printing giant RR Donnelley on behalf of its client Google, sent the tech giant's stock price down nine percent today.
Google blames RR Donnelley for filing a draft version of its third-quarter financial results to the Securities and Exchange Commission (SEC). The error caused Google to temporarily halt the trading of its shares on the NASDAQ.
Google shares fell US$68.19 per share before trading was halted, representing US$19 billion in value, after the draft report showed the company had missed expectations by a wide margin. The error also caused RR Donnelley's stock to fall six percent, but soon recovered. The company files reports to the SEC on behalf of many customers as part of its Regulatory Compliance services.
The draft document, dated today, clearly shows placeholder material awaiting a comment from company CEO Larry Page. Representatives from both companies say the cause for the error is being investigated.
RR Donnelley, founded in 1864, reported over US$10.6 billion in sales for 2011 and employs over 58,000 employees worldwide. Around the world, it operates over 100 web presses, over 135 sheetfed presses and over 40 digital presses.
The production of Canadian passport covers will now be based in Europe after Columbia Finishing Mills of Cornwall, Ontario, lost the contract to Ottawa's Canadian Bank Note.
The subcontracting of the production was revealed by Columbia Finishing Mills, which also claims the covers have been subcontracted to a Dutch firm with a fabric mill in the Czech Republic.
Canadian Bank Note will be producing the next generation of Canadian passports which will feature electronic security features, joining 90 countries in the world already using such a system. Canadian Bank Note provides security printing for over 60 countries.
According to the Toronto Star, the contract to produce passport covers was put to tender two years ago, with Canadian Bank Note winning the contract. The contract was valued at $1 million. Columbia Finishing Mills had produced the gold-stamped covers for over 30 years, producing on average 4.5 million a year. The loss of the contract means the elimination of at least three positions at Columbia Finishing Mills, an operation with just 12 employees.
As is common with most security printing contracts, no official details about where or how the new ePassports would be produced have been released.
Among the 62 Kwik Kopy Design & Print Centre franchise locations across Canada, the corporation has presented its Franchisee of the Year for 2012 award to Barb and Doug Bower.
The Bowers operate the Kwik Kopy Design & Print Centre located in Don Mills, Toronto. The quick-printing shop has been in business for the past 26 years. When the Bowers started out, they were focused on providing black-and-white photocopying services and printing jobs with a maximum of two colours.
The Don Mills Kwik Kopy location now provides design and a range of digital production, including high-speed colour, as well as mobile Website design and hosting for clients. The location also recently expended into a range of indoor and outdoor signage production.
Kwik Kopy Printing Canada Corporation, one of the country’s largest printing networks, has been operating in Canada for more than 30 years.
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Printext, a small offset and digital shop in West Melbourne, Australia recently created a video highlighting its operation and posted it to YouTube. Hayden Dickson, the proprietor, describes a little about his own history in the printing field and how it has changed over the years.
Composed of beautiful videography, the piece is a prime example of the new generation online marketing, one which puts a face back into the somewhat impersonal online world.
PrintAction magazine is proud to be running the 7th annual Canadian Printing Awards, which is to be celebrated on November 29 at the Palais Royale in Toronto. The CBC’s Dianne Buckner, who is an award-winning business journalist and host of the hit television show about entrepreneurialism, Dragon’s Den, will again lead this year’s gala, featuring a sit-down dinner.
The structure of this year’s printing awards program has changed little, beyond some fine-tuning of the categories. We have introduced five categories in a new business development section, which we hope to grow in future years. Much like PrintAction’s preceding Environmental Printing Awards program, we have included these new business categories in an effort to better understand the direction of printing companies in the age of integrated graphic communications.
Entry guidelines can be downloaded from the Canadian Printing Awards website at www.printaction.com/CPA Entries must be received by October 26.
Industry Achievement categories
Printing Leader of the Year
Emerging Leader of the Year (under age 35)
John A. Young Lifetime Achievement Award
Environmental Printing categories
Most Environmentally Progressive Printer in Canada
Most Environmentally Progressive Vendor
Most Environmentally Progressive Printing Technology
Most Environmentally Progressive Printing Project
Most Environmentally Progressive Packaging Project
Business Development categories
Best Online Presence, printing company
Best Online Presence, vendor
Best Community Program
Best Marketing Campaign
Quality Printing categories
Best of Show
Brochures & Booklets
Business & Annual Reports
Packaging (all processes)
TC Transcontinental Printing has announced it has extended two contracts with Rogers Communications which will see up to $250 million change hands to print Rogers' marketing products and magazines.
The extension of these contracts will be until 2019 and covers the printing of the entire Rogers' portolio of publications for consumers, the business community and professions, the printing of Rogers' marketing products as well as the direct-mail delivery of Rogers marketing products.
"We are very proud of the fact that Rogers has shown its confidence in us by extending these contracts to 2019," said Brian Reid, President of Transcontinental Printing. "This confidence is built on a relationship developed over time, based on customer satisfaction with the products delivered and on the common desire of both companies to take innovation further, to offer new products and services, and to remain leaders in our respective niches."
A Globe Investor piece published on Monday described the printing and paper industries as being value traps for investors, meaning that while low share values may attract investors, they may never rise again.
Author David Milstead pointed to Lexmark's recent decision to divest from consumer inkjet as an example of a company floundering in today's digital age. Milstead also looks at forestry players such as Domtar as an underperformer and publishing giants such as RR Donnelley, Torstar, and Glacier Media.
"I still think the 'all-digital life' has a later ETA than the digerati claim," writes Milstead. "But it doesn’t matter what I think or if I’m right; sometimes, in investing, perception is reality. And the perception is that these companies’ earnings are on a steady path to oblivion. No matter the profits from paper right now; it’s all turning out to be very real losses for investors."
Read the full Globe story here.
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