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Article: Printing pressed: cost-conscious firms cut back annual reports.(Up Front)(Lithographix Inc.)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 6, 2006
- Author:
CopyrightCOPYRIGHT 2006 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's annual report season and that means the massive presses at Lithographix Inc. in Hawthorne are humming 24 hours a day, seven days a week.
Even at 3 a.m., corporate types are lined up, waiting frantically to approve pages as they are pulled off the presses. But this year, the season, which stretches from mid-February through April, seems slightly less hectic.
That's because many companies are skipping the bells and whistles of the annual report. Rather than spend a few hundred thousand dollars creating a glossy corporate advertisement for shareholders and clients, some public companies prefer to just post their financial results on the Internet.
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