Quad/Graphics Reports Flat Sales, Details Plant Closures

• Third quarter 2010 Adjusted EBITDA of $159.2 million compared to pro forma Adjusted EBITDA of $197.3 million in third quarter 2009;

• Third quarter 2010 Adjusted EBITDA margin of 13.2% compared to pro forma Adjusted EBITDA margin of 15.9% in third quarter 2009;

• Strong free cash flow used to pay down $44 million in debt since the Worldcolor acquisition closed; and