Courier Reports Sales Increase, Return to Profitability
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“At the same time, in an uncertain economy we took care to manage frugally without compromising our service to customers. Faced with the continuing weakness in the home improvement market, we took steps to further reduce operating costs at our Creative Homeowner publishing business while safeguarding its award-winning editorial quality for the market's eventual recovery. We made capital investments totaling $25 million related to Courier Digital Solutions and our new press at Kendallville. And we finished the year in a strong financial position with solid cash flow. I am also pleased to report that once again, Courier's Board of Directors declared a dividend of $.21 per share, the same as last quarter."
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