Valassis Reports Revenue Declines for Fourth Quarter, Full Year

• Free-standing Inserts (FSI): Revenues for the fourth quarter of 2011 were $64.1 million, a decrease of 25.7 percent compared to the prior year quarter due primarily to the absence of custom co-op business and the decline in industry volume. Segment profit for the quarter was a loss of $0.8 million compared to the prior year quarter profit of $0.3 million.