Year in Review -- QW Grabs the Headlines

Quebecor World closed its Magog, Quebec, magazine and catalog facility, resulting in the loss of about 300 jobs. On the other hand, it received final approval for debtor-in-possession (DIP) financing and signed a laundry list of contracts, including deals with Wenner Media and McGraw-Hill.

Past Printing Impressions/RIT Printing Industry Hall of Fame inductee Roy Grossman stepped down from the top executive perch at Sandy Alexander (Clifton, NJ) at the end of May, as did fellow exec Chip Stine. Before the year is out, the duo would announce that they have formed MSP LLC, as a vehicle for making investments in printing-related companies with revenues in excess of $5 million.