Champion Industries Posts a Net Loss for Its Third Quarter

• The office products and office furniture segment experienced an increase of 7.7 percent from $25.2 million to $27.1 million.

• The newspaper segment revenues decreased by 2.3 percent during this period to $10.6 million in 2012 from $10.8 million in 2011.

Reynolds concluded, “I believe the company is taking the interim steps necessary to achieve long-term sustainability and ultimately growth. We are aware that we must address our debt situation and our pending line of credit maturity, but we ultimately believe striving to improve our core business is a fundamental component of a solution for all parties. I look forward to completing 2012 and making every reasonable effort to report a stronger 2013.”