R.R. Donnelley picks up five-year Yellow Book printing contract – includes several yellow pages industry articles
R.R. Donnelley & Sons (Chicago) last week won a five-year deal to print 240 directory titles with a print run of 30 million for Yellow Book USA (Uniondale, NY).
Donnelley already had a deal to print directories for McLeodUSA Publishing, which Yellow Book’s owners acquired in April, as well as 100 Yellow Book titles. As part of its efforts to integrate the McLeodUSA Publishing and Yellow Book USA operations, Yellow Book shifted its remaining titles to Donnelley. Quebecor World previously handled those 240 titles for Yellow Book.
In a separate agreement, Yellow Book’s parent company, U.K.-based publisher Yell Group, extended its existing contract with Donnelley for an additional three years, taking it out to July 2009. The contract covers about 94 titles a year, or more than 29 million copies. The directories will be printed at Donnelley’s 220,000-square-foot facility in the U.K., which was built last year.
CEO Swanson becomes R.H. Donnelley chairman David Swanson, CEO of yellow pages sales and publishing agent R.H. Donnelley (Purchase, NY), has also assumed the role of chairman, replacing Frank Noonan. Noonan announced his intention to retire earlier this year when he stepped down as CEO of the company, and Swanson took over the position.
Eniro closes German YP operation Swedish publisher Eniro has closed Windhager, the German yellow pages operation it acquired in late 2000 for SEK840 million, saying it would take too long for the unit to become profitable. Eniro officials said Windhager lost SEK156 million before interest, taxes, depreciation and amortization in the first nine months of 2002. Analysts had recommended closing down the operation.
PCCW takes YP unit off the block Hong Kong telecommunications company PCCW Ltd. has decided not to sell its yellow pages operation, the company announced this month. PCCW was seeking $256 million for the unit, Telecom Directories Ltd, which had $38 million in sales in 2001 and EBITDA of $12 million. Goldman Sachs Group had been hired to manage the sale.
Several investment firms had expressed interest in the company, including Carlyle Group and CVC Asia Pacific Ltd.
COPYRIGHT 2002 Simba Information, Inc.
COPYRIGHT 2003 Gale Group