|
|
Article: Printing companies seeing red ink
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- July 2, 2001
- Author:
CopyrightCopyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
|
Printing companies seeing red ink
Thinner magazines, catalogs blamed for decline in earnings
By LEE HAWKINS JR.
of the Journal Sentinel staff
Monday, July 2, 2001
Thinner magazines and catalogs are making business sluggish for
the companies that print them, Wisconsin printing companies and
analysts say.
As in many industries, a growing number of printers has considered
consolidation or cost-cutting to deal with the economic lull that is
hurting earnings in the near-term, experts who follow the industry
said.
"I call it a `media recession,' " said Harry V. Quadracci,
president and founder of Quad/Graphics Inc., a Pewaukee-based
printer. "Regardless of what is happening in the economy, there ...