LSC Communications Awarded Exclusive Multi-Year Newsstand Distribution Agreement with Penny Press
CHICAGO--(BUSINESS WIRE)--Jul 10, 2018--LSC Communications (NYSE: LKSD) announced today that The Clark Group, a division of LSC Logistics, has been awarded a multi-year logistics agreement with Penny Press, publisher of more than 30 puzzle magazines available on newsstands throughout the United States and Canada. Under the new agreement, LSC Logistics will provide exclusive distribution services for Penny Press’ magazines sold through the retail channel. Penny is currently one of the top five publishers in the country in terms of retail sales.
President of LSC’s The Clark Group, Skip Fischer, commented, “Penny Press has been a greatly valued customer of ours for years. We are proud to extend our relationship, and look forward to continually introducing new ways to increase their levels of efficiency.”
Peter Kanter, President of Penny Press, said, “In our experience working with Clark, we have always been impressed with their service and resourcefulness – especially when it has been tested by times of stress – such as having to re-route product between wholesalers. We have built a strong relationship based on trust, and we are very pleased to continue and expand upon our successful partnership.”
About LSC Communications
With a rich history of industry experience, innovative solutions and service reliability, LSC Communications (NYSE: LKSD) is a global leader in print and digital media solutions. The company’s traditional and digital print-related services and office products serve the needs of publishers, merchandisers and retailers around the world. With advanced technology and a consultative approach, LSC’s supply chain solutions meet the needs of each business by getting their content into the right hands as efficiently as possible.
Use of Forward-Looking Statements
This news release may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements, including risks associated with the ability of LSC Communications to perform as expected as a separate, independent entity and risks associated with the volatility and disruption of the capital and credit markets, and adverse changes in the global economy. Readers are strongly encouraged to read the full cautionary statements contained in LSC’s filings with the SEC. LSC disclaims any obligation to update or revise any forward-looking statements.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180710005172/en/
CONTACT: LSC Communications Investor Relations Contact:
Janet Halpin, Senior Vice President, Treasurer and Investor Relations
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: COMMUNICATIONS PUBLISHING OTHER COMMUNICATIONS
SOURCE: LSC Communications, Inc.
Copyright Business Wire 2018.
PUB: 07/10/2018 06:30 AM/DISC: 07/10/2018 06:30 AM