Year in Review -- 2005 All About Bob

M&A Making Noise

A relatively quiet RR Donnelley made a huge splash with the announcement it had acquired Spencer Press of Wells, ME, an $83.5 million catalog and mailer specialist. Spencer ranked 66th on the 2004 Printing Impressions 400.

After choosing not to continue printing TV Guide when the venerable publication abandoned its digest format—citing an unwillingness to invest in the needed equipment—S. Rosenthal & Co. of Cincinnati opted to shut down its printing operations in the Queen City and shift all of its manufacturing to its Tennessee plant. The decision to cut ties with the magazine, which it had printed for 50 years, cost the company $23 million in annual sales and 120 jobs.