Commentary Discusses Why RR Donnelley Is Splitting Into Three Companies

After hearing the U.S.’s largest printing company talk for years about the synergies among its various divisions and acquisitions, securities analysts were dumbfounded last week when the company announced it would split into three.

Like Tuesday’s press release announcing the break-up, the explanations of RR Donnelley executives were barely intelligible except to native speakers of Corporatese. But amidst such happy-talk phrases as "more focused brand strategy" and "greater flexibility to execute tailored business strategies," a few important clues to the break-up emerged…