Quebecor World Inc.

Quebecor World Inc.

October 28, 2005 08:59 ET

Quebecor World Announces $500 Million Multi-Year Agreement with Time Inc., Agreement Includes 25% Weekly Volume Increase

MONTREAL, QUEBEC--(CCNMatthews - Oct. 28, 2005) - Quebecor World Inc. (TSX:IQW.SV)(NYSE:IQW) today announced it has reached a major $500 million multi-year print agreement with Time Inc. Under the terms of the agreement Quebecor World will print and bind 15 Time Inc. titles, including weeklies such as, Time, Sports Illustrated, People, Entertainment Weekly, Time For Kids as well as bi-monthly title Fortune and other monthly titles including Money, Southern Living, Cooking Light, Coastal Living, Southern Accents and Progressive Farmer.

The work will be produced in several Quebecor World print facilities including Merced, California; Lebanon, Ohio; Dallas, Texas and Clarksville, Tennessee. The agreement expands on a more than 30-year relationship between the Time Inc. and Quebecor World and provides Time Inc. with a state-of-the-art, integrated, coast-to-coast print and binding platform. The agreement valued in excess of $500 million represents an approximate 25% increase in weekly volume.

"Quebecor World is committed to its major print customers, of which Time Inc. is among the largest. The recently announced investment in our U.S. print platform provides Time Inc. with the most cost-effective manufacturing platform available," said Chuck Miotke, President Quebecor World Magazine/Direct. "As North America's leading magazine printer we are able to provide Time Inc. and other leading publishers with a multi-plant manufacturing platform that not only reduces time-to-market but also provides them with effective cost reduction opportunities."

In 2004 Quebecor World announced an unprecedented capital investment plan which includes 22 new state-of-the-art offset presses. The first of these presses are now in operation in Merced, CA, Dallas, TX and Versailles, KY. Two additional new presses will be operational in the fourth quarter in Jonesboro, AR and Taunton, MA.

About Quebecor World

Quebecor World Inc. (NYSE:IQW, TSX:IQW.SV) is one of the largest commercial printers in the world. It is a market leader in most of its major product categories which include magazines, inserts and circulars, books, catalogs, direct mail, directories, digital pre-media, logistics, mail list technologies and other value added services. The Company has approximately 34,000 employees working in more than 160 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland and the United Kingdom.

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About Time Inc.

Time Inc. is the world's leading magazine publisher, publishing 140 titles that are read more than 300 million times worldwide on a monthly basis and account for nearly a quarter of the total advertising revenues of U.S. consumer magazines. Time Inc. is a wholly-owned subsidiary of Time Warner Inc. (TWX:NYSE), a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.

Contact Information

  • Quebecor World Inc.
    Tony Ross
    Director, Communications
    (514) 877-5317
    (800) 567-7070
    Quebecor World Inc.
    Philippe Cloutier
    Director, Finance and Investor Relations
    (514) 877-5147
    (800) 567-7070