Some Love, Some Hate PIA, NAPL Merger Idea —Michelson

Likewise, there has been much consolidation on the printer side with the likes of Consolidated Graphics, RR Donnelley and Cenveo, to name just a few, acquiring other companies. This has shrunk the pool of potential company memberships and attendees.

Third, the profits from the GRAPH EXPO exhibition and this year, PRINT, are shrinking, with no prognosis for any significant turnaround. Show revenues, which are split evenly between the PIA, NAPL and NPES, provide a major source of the overall operating budgets for those organizations. As a result, both PIA and NAPL have had 
to cut back their staffing levels. Unlike Wall Street, there is no government bailout in their future. So, in the end, the market may end up eventually determining their fates.