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What you need to know for 08/22/2017

Quad/Graphics signs $900M deal with Time Inc.

Quad/Graphics signs $900M deal with Time Inc.

Quad/Graphics has reached a new $900 million-plus agreement with Time Inc. to extend and expand its

Quad/Graphics has reached a new $900 million-plus agreement with Time Inc. to extend and expand its magazine printing work for the major magazine publisher.

Under the multi-year agreement announced Monday by Quad/Graphics, the company will handle 85 percent of the printing work for Time Inc. magazines including Time, People, Sports Illustrated, Entertainment Weekly, InStyle, Money, Real Simple, Fortune, Essence and Golf.

“We are pleased to be growing our business relationship with Time Inc., and are capitalizing on our leading nationwide magazine platform to print more titles and more volume in more places,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics.

Quad/Graphics, headquartered in Sussex, Wis., operates more than 50 printing facilities around the world, employing 22,000 people. It has a one-million-square-foot printing plant, where more than 800 people work, at the Grande Industrial Park in Saratoga Springs.

Time Inc. is a division of Time Warner. The company’s magazines reach more than 130 million Americans each month, according to the company.

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