Friday, April 11, 2008

Quebecor World wins contract to print Rolling Stone, Details and Men's Journal

Quebecor World may have taken a step or two back from the brink of bankruptcy with the signing of a multi-year agreement with Wenner Media to print Rolling Stone, US Weekly and the Men's Journal, according to a story in the U.K. magazine PrintWeek. Last week the company signed a $285m (£143.8m) textbook printing agreement with McGraw-Hill.

The deals are a sign of hope for Quebecor World which had up to now been plagued by clients jumping ship, most notably Rodgers' move to rival Transcontinental, which saw it leapfrog Quebecor as Canada's largest printer.

In January, Quebecor filed for Chapter 11 in the US and bankruptcy protection in Canada and has since been restructuring its operations across the globe, including the closure of its plant at Corby, Northants, as it attempts to return to profitability.

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