ACS Oregon will outsource printing of The Oregonian
Advance Central Services Oregon, which prints and distributes The Oregonian, has signed a contract with a Portland-based company to print the newspaper.
The new printing contract with Signature Graphics announced Tuesday will be phased in later this summer. Financial terms were not disclosed. Signature, located near Portland International Airport, also will print the Oregonian Media Group’s weekly papers and specialty publications.
Advance Central Services Oregon was formed as a separate company in October 2013 to print and distribute The Oregonian and other publications. Its sister company, the Oregonian Media Group, publishes OregonLive and The Oregonian.
The changes are not expected to impact the delivery of the printed product, according to Kevin Denny, the vice president and general manager of Advance Central Services Oregon.
“Today’s announcement will result in operational efficiencies and it will result in only minor changes in our work flow – most of which readers won’t even notice,” Denny said. “Sadly, it does mean we will be saying goodbye to our longtime pressroom employees.”
Advance Central Services Oregon has retained a broker to explore selling the existing pressroom facility, which occupies more than a full city block – prime real estate on Southwest Taylor Street near Providence Park.
Other media companies have outsourced their printing operations. The Chicago Sun-Times, for instance, is printed by the Chicago Tribune.
“This makes smart business sense,” said Steve Moss, the president of the Oregonian Media Group. “It allows us to focus our investments on our digital future while relying on a strong local company to print our newspapers.”
New day for Gannett newspapers
The 19,600 employees of Gannett newspapers coming to work Monday will be working for a new company — untethered from growing and prosperous television stations and digital ventures.
Retaining the Gannett name, the spin off company has well defined plans for digital transformation and for expansion by acquisition. Its reception by Wall Street is less certain, but it is sweetening the case by promising a substantial dividend — 64 cents on shares trading around $15.
Gannett executives telegraphed the acquisition strategy in the company’s most recent earnings call and has since bought 11 titles in Texas and New Mexico, in which it already had a partial stake, from Digital First Media.
More is on the way, the company said in a presentation to investors last Monday. It will be targeting markets with 500,000 to 3,000,000 population and expects to make between $200 and $250 million in purchases each of the next several years.