YEAR IN REVIEW — 2006: BANTA ON THE LOOSE

The industry’s two heaviest hitters, meanwhile, were looking for ways to cure the summertime blues. Wes Lucas, the new Quebecor World president and CEO, unveiled a transformation plan that included reducing the company’s workforce by about 1,700 in 2006, with facility closures in Tennessee, Ohio and Wisconsin. RR Donnelley, on the other hand, reportedly held talks with several leveraged buyout (LBO) firms. The company wouldn’t comment on the published reports, but it didn’t take long to realize that Donnelley had a change of heart and direction.