Quad/Graphics and YUDU Media Announce Shareholding Partnership

Agreement Will Advance eBook Solutions for Publishers,
Catalogue Marketers and Retailers

LONDON, UK and SUSSEX, WI, USA – Quad/Graphics, the largest privately
held printer in the United States, and YUDU Media, the UK’s leading
provider of eBooks and a major supplier of online magazine
subscriptions, have entered into a shareholding partnership agreement.

Under the agreement, Quad/Graphics has become a minority shareholder
of YUDU Media and will add YUDU’s digital publishing solution to its
range of products, enabling Quad/Graphics to provide publishers,
catalogue marketers, retailers and advertisers with innovative
solutions that connect print and online channels.

The partnership will also facilitate YUDU Media’s expansion into the
U.S. market.

Joel Quadracci, President & CEO of Quad/Graphics, says, “We are
excited by the potential which our partnership with YUDU Media has to
benefit our clientele, who are increasingly using multiple
communication approaches to build their businesses.”

Quadracci continues, “digital publishing does not replace ink on
paper, but rather enhances it. It’s a multi-channel world and we aim
to be at the forefront of bridging the print world with the electronic
world to create even more value for our clients and their customers.”

Richard Stephenson, CEO of YUDU Media, says, “This is a key moment in
YUDU Media's history. Not content to rest on our laurels of being the
UK's leading digital publishing specialist for magazines, catalogues,
books and newspapers, our partnership with Quad/Graphics will allow us
to expand aggressively worldwide, especially in the fiercely
competitive US market.

Stephenson continues: “Quad/Graphics is the perfect partner not least
because, just like YUDU Media, the company is privately held. This
will allow both companies to move forward with a long-term plan, not a
short-term ‘crash and burn’ venture capital strategy which many of our
competitors suffer from.”