Big Printers To Merge, A $2.8 Billion Stock Deal

Article Abstract:

The merger of R.R. Donnelley Corp. with Canada's Moore Wallace will create a huge printing conglomerate that will dominate the market with printing of magazines, business forms and shipping labels. Donnelley will acquire Moore Wallace for $2.8 billion in stock and create a new company with 50,000 employees and $8 billion in yearly revenue. Moore Wallace CEO Mark A. Angelson, who managed the merger with Wallace Computer Services in 2003, will run the new business entity.

Printing industry, Moore Wallace Inc., Commercial printing industry, R.H. Donnelley Corp.

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Why Did He Buy New York? Hey, Wasserstein Loves Deals

Article Abstract:

Investment banker Bruce Wasserstein's motivations for buying New York Magazine are still not clear. He is offering the explanation that he was more interested in the challenge of outbiding others who were interested in the same acquisition than in taking over an established icon of the New York City publishing world to serve his social, political and financial interests. He knows that correcting the magazine's financial problems will be an interesting endeavor for him.

New York

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New York Magazine Sold for $55 Million To Wall St. Figure

Article Abstract:

Lazard chairman and investor Bruce Wasserstein placed $55 million in cash to outbid the Mortimer Zuckerman group's $45 million for New York Magazine. What the journal currently lacks in financial rewards having only made $1 million from $43 million in revenue in 2002, it still has retains the cultural icon status of being the voice of New York City, its celebrities, political masterminds and financial geniuses, and artistic innovators.

Public affairs, New York, New York, Media coverage, PRIMEDIA Inc. (New York, New York), Zuckerman, Mortimer B.

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