Quad to buy World Color Press

Well, frankly, we're long past this sort of story being news anymore, but just for the record, here goes:

TORONTO (AP) — The U.S. commercial printing company Quad/Graphics Inc. plans to buy Canadian rival World Color Press Inc., which prints magazines such as Sports Illustrated and Rolling Stone.

Quad/Graphics Inc., which is based in Sussex, Wis., is the largest privately held printer in the U.S. but would go public in connection with the takeover announced Tuesday. The combined company will have 30,000 employees. World Color is based in Montreal.

Chief executive Mark Angelson said that layoffs would be no more than would have happened anyway.....hmmm, sounds a little squirmy to me but you can read all about it in The Times.