Quebecor World, Time Make $500 Million DealQuebecor World Inc. reached a $500 million multi-year print agreement with Time Inc., the Montreal-based print giant said Friday.
Quebecor World will print and bind 15 Time Inc. titles including weeklies such as Time, Sports Illustrated, People, Entertainment Weekly and Time for Kids as well as bimonthly title Fortune and other monthly titles including Money, Southern Living, Cooking Light, Coastal Living, Southern Accents and Progressive Farmer.
The agreement represents a roughly 25 percent increase in weekly volume. It expands on a 30-year-plus relationship between Time Inc. and Quebecor World and provides Time Inc. with a state-of-the-art, integrated, coast-to-coast print and binding platform.
The work will be produced in Quebecor World print facilities including those in Merced, CA; Lebanon, OH; Dallas; and Clarksville, TN.