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midlandguy

Saginaw, MI

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#1
May 29, 2009
 
i just read a news report today that said that Donnelly(the company who was supposedly trying to buy QW) is itself filing bancruptcy. This is very interesting and funny to see them try to make it look like they are doing so well, well enough to aquire another printer. Good luck with that RRD, we'll take care of your accounts in the meantime.
vote passes

Niagara Falls, NY

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#2
May 29, 2009
 
midlandguy wrote:
i just read a news report today that said that Donnelly(the company who was supposedly trying to buy QW) is itself filing bancruptcy. This is very interesting and funny to see them try to make it look like they are doing so well, well enough to aquire another printer. Good luck with that RRD, we'll take care of your accounts in the meantime.
So where did you read this do you have a website or link? I do know they were on the verge
vote passes

Niagara Falls, NY

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#3
May 29, 2009
 
R.H. Donnelley fails to make debt payments
Bloomberg NewsPublished: 5/18/2009 9:18 AM.Send To:

.
publisher R.H. Donnelley Corp. obtained a forbearance agreement when the 30-day grace period expired on the $55 million interest payment it didn't make April 15 on one issue of unsecured notes, the company failed to make another $78 million of interest payments due May 15 on four other note issues.

Standard & Poor's predicted in February that Donnelley would face "challenges" in refinancing $1.2 billion of debt that matures in 2010.

Moody's Investors Service also said in February that a "complete debt restructuring represents the best alternative of addressing its currently challenged capital structure."

R.H. Donnelley, based in Cary, North Carolina, isn't to be confused with Chicago-based R.R. Donnelley & Sons Co., which this month made an unsolicited offer for Quebecor World Inc., the reorganizing commercial printer.

R.H. Donnelley had revenue of $602 million in the first quarter, throwing off $164 million of operating income and a $401 million net loss. Interest expense in the quarter was $199 million.
Star Gazer

Fort Worth, TX

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#4
May 29, 2009
 

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That RHD nor RRD
midlandguy

Saginaw, MI

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#5
May 29, 2009
 
midlandguy

Saginaw, MI

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#6
May 29, 2009
 
my bad i guess. could someone inform me what the hell R."H." Donnelly is? kind of confused right now.???
here

Niagara Falls, NY

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#7
May 29, 2009
 
midlandguy wrote:
my bad i guess. could someone inform me what the hell R."H." Donnelly is? kind of confused right now.???
MAY 29, 2009.Donnelley Makes Filing For Chapter 11
.ArticleComments (1)more in Media & Marketing ».Yellow-pages publisher R.H. Donnelley Corp. filed for Chapter 11 bankruptcy protection late Thursday after reaching a deal with key creditors to restructure about $10 billion in debt.

The Cary, N.C., company sought protection from its creditors in the U.S. Bankruptcy Court in Wilmington, Del., after reaching a deal with a majority in dollar amount of its bondholders to exchange $6 billion in debt for 100% of the equity in the reorganized company and to exchange a $400 million note for a new $300 million note. Holders ...
vote passes

Niagara Falls, NY

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#8
May 29, 2009
 

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midlandguy wrote:
http://online.wsj.com/article/ SB124357092677965703.html
oh yeah that is not only funny but unbelievable. And they tried to buy us oh yeah
vote passes

Niagara Falls, NY

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#9
May 29, 2009
 
OOPS this is an error if you read the article it is pertaining to RH Donnelley and says not to conufuse it with RRD oh well sounded good while it lasted
que dubblya

United States

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#10
May 29, 2009
 
vote passes wrote:
<quoted text> So where did you read this do you have a website or link? I do know they were on the verge
bonehead
that's not them
rrd has way more than enough CASH and credit to get the deal done.
midlandguy

Saginaw, MI

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#11
May 29, 2009
 
vote passes wrote:
OOPS this is an error if you read the article it is pertaining to RH Donnelley and says not to conufuse it with RRD oh well sounded good while it lasted
sorry bout that, headline just said Donnelly and i must have overlooked the H. Never heard of RH, my bad everyone, thanks for the correction.
que dubblya

United States

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#12
May 29, 2009
 
midlandguy wrote:
my bad i guess. could someone inform me what the hell R."H." Donnelly is? kind of confused right now.???
perhaps you should consider researching then before posting.
Like other yellow page / directory publishers, rhd is getting their butts kicked by bo's new economy.
vote passes

Niagara Falls, NY

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#13
May 29, 2009
 
que dubblya wrote:
<quoted text>
bonehead
that's not them
rrd has way more than enough CASH and credit to get the deal done.
Dont be so harsh read this...Initial Thoughts on RRD-QW Shotgun Marriage ProposalMay 13, 2009
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Erik Cagle I nearly choked on my Coke this morning when the news came down that RR Donnelley (RRD) had made a pretty straightforward offer of $1.35 billion in cash and stock to acquire Quebecor World (QW). Here are my initial thoughts which, in this age of instant information, may change with the revelation of more facts. In other words, my good people, I reserve the right to backpedal off whatever's written here and replace this blog with the latest adventures of Marmaduke. For brevity's sake, I will use obvious acronyms.
For one, RRD is striking at a very curious time. Its net earnings crashed 92 percent last month...where are they finding all of this free cash to offer? These guys had $4.4 billion in debt as of December 31, 2008. But the final offer, be it $1.35 billion or $2.2 billion, is likely to force the bankruptcy court's hand. Rough ballparking, the current offer represents 25 percent of sales. Can they do better? To quote Sarah Palin, "You betcha." As for the actual owners of QW...as far as I can tell, they get nothing.
Much smarter people than I have assessed that RRD can past muster with the Hart-Scott-Rodino Act in the states and its equivalent north of the border, Competition Act Canada. Is there any doubt that RRD would boast big dog status in catalogs, long-run books and pubs? We're talking a $16 billion combined company. RRD is Boardwalk, QW is Park Place. All that's missing is the mustachioed man in the black top hat.
Not to start a scare among QW and RRD employees, but such a marriage would undoubtedly entail elimination of redundancy. This is definitely a forward-looking statement, but I think upwards of 10,000 people could lose their jobs. Low end, maybe 6,000 or 7,000 are cut loose. Even the most optimistic would peg it at 4,000 to 5,000. We won't even look at cynical figures. Capacity would have to go away.
Look at the bright side. The elimination of QW enables stronger pricing stands in those areas. RRD can dictate (and beef up) pricing. But I've gotta wonder. Somewhere in Sussex, WI, what is Joel Quadracci—chief exec of Quad/Graphics—thinking and feeling about this proposal? Competition-wise, he would be looking into the mouth of the monster.
This proposed deal and the recession are triggering major changes in the printing industry. Change is and will be thrust upon us, whether we care to see it or not. Stay tuned.
Check out their net earnings crashed 92% as stated above
sherndan

Flowery Branch, GA

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#14
May 29, 2009
 
read the staement again before posting rumors moron.R.H. Donnelley, based in Cary, North Carolina, isn't to be confused with Chicago-based R.R. Donnelley & Sons Co., which this month made an unsolicited offer for Quebecor World Inc., the reorganizing commercial printer.
vote passes wrote:
R.H. Donnelley fails to make debt payments
Bloomberg NewsPublished: 5/18/2009 9:18 AM.Send To:
.
publisher R.H. Donnelley Corp. obtained a forbearance agreement when the 30-day grace period expired on the $55 million interest payment it didn't make April 15 on one issue of unsecured notes, the company failed to make another $78 million of interest payments due May 15 on four other note issues.
Standard & Poor's predicted in February that Donnelley would face "challenges" in refinancing $1.2 billion of debt that matures in 2010.
Moody's Investors Service also said in February that a "complete debt restructuring represents the best alternative of addressing its currently challenged capital structure."
R.H. Donnelley, based in Cary, North Carolina, isn't to be confused with Chicago-based R.R. Donnelley & Sons Co., which this month made an unsolicited offer for Quebecor World Inc., the reorganizing commercial printer.
R.H. Donnelley had revenue of $602 million in the first quarter, throwing off $164 million of operating income and a $401 million net loss. Interest expense in the quarter was $199 million.
vote passes

Niagara Falls, NY

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#15
May 29, 2009
 
sherndan wrote:
read the staement again before posting rumors moron.R.H. Donnelley, based in Cary, North Carolina, isn't to be confused with Chicago-based R.R. Donnelley & Sons Co., which this month made an unsolicited offer for Quebecor World Inc., the reorganizing commercial printer.
<quoted text>
Well the above post is about RRD read it again they crashed 92% on earnings
RR Donnelley employee

Warrenville, IL

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#16
May 30, 2009
 

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It's RR Donnelley that made the offer. Not R H Donnelley. Two intirely different companies.
yep

Niagara Falls, NY

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#17
May 30, 2009
 

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RR Donnelley employee wrote:
It's RR Donnelley that made the offer. Not R H Donnelley. Two intirely different companies.
Yep we got that sorry but you guys still had a 92 % crash on earning beginning of month or late last month
Bill Terror

San Francisco, CA

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#18
May 30, 2009
 

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midlandguy wrote:
i just read a news report today that said that Donnelly(the company who was supposedly trying to buy QW) is itself filing bancruptcy. This is very interesting and funny to see them try to make it look like they are doing so well, well enough to aquire another printer. Good luck with that RRD, we'll take care of your accounts in the meantime.
Hey east coast retard, Its not R.R. Donnelley. It's Ruben H. Donnelley you idiot. It has no ties to R.R. Donnelley & Sons Co., Inc you dumb inbred east coast piece of trash
Surrounded by idiots

Leominster, MA

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#19
May 31, 2009
 

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vote passes wrote:
R.H. Donnelley, based in Cary, North Carolina, isn't to be confused with Chicago-based R.R. Donnelley & Sons Co., which this month made an unsolicited offer for Quebecor World Inc., the reorganizing commercial printer.
How can you miss that? Let me guess, you didn't do very well with reading comprehension, did you?
new name for me

AOL

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#20
May 31, 2009
 

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he read the article wrong so big deal. just leave him alone im sure all you guys have misread before. he apologized so give the man a break. if you have NEVER been wrong before then you have the right to bash him but im sure none of us are perfect and have misread from time to time.

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