STATE OF THE INDUSTRY - Far from Dead

Printing Segment	Status	Largest Competitors in Consolidated Segments
Publications	Consolidated	R.R. Donnelley, Quad/Graphics, Quebecor
Advertising	Fragmented
Catalogs	Consolidated	R.R. Donnelley, Quad/Graphics, Quebecor
Direct Mail	Fragmented
Free-standing Inserts	Consolidated	Valassis, Vertis, ACG Holdings
Books	Moderate Consolidation	R.R. Donnelley, Quebecor
Directories & Schedules	Fragmented
Financial & Legal	Consolidated	R.R. Donnelley, Merrill, Bowne
General Commercial	Fragmented
Business Forms	Moderate Consolidation	Moore, Wallace, Standard Register
Labels & Tags	Fragmented
Greeting Cards	Consolidated	Hallmark, American Greetings, Gibson
Specialty & Converted	Fragmented
Containers & Boxes	Fragmented
Flexible Packaging	Fragmented
Prepress Services	Fragmented
Finishing Services	Fragmented

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