Quebecor World Creates New Publishing Services Group Integrating Magazine, Book and Directory Businesses

MONTREAL, CANADA--(Marketwire - June 17, 2008) - Quebecor World Inc. (TSX:IQW) today announced that it is integrating its Magazine, Book and Directory Divisions into a single operating structure. The new Publishing Services Group will streamline the Company's operations, improve services, and better serve existing and new publishing customers.

"This organizational change will unify the capabilities of Quebecor World's Magazine, Book and Directory Divisions under one operating platform. This customer focused platform will allow the Company to optimize its resources and cost structure to further improve service to our publishing customers," said Jacques Mallette, President and CEO Quebecor World Inc.

Kevin J. Clarke will lead this new Publishing Services Group. He has been President of Quebecor World's Book and Directory Publishing Services Group for the last 5 years. Mr. Mallette commented, "Kevin's extensive management experience in the printing industry and his customer focused approach make him uniquely qualified to lead the new integrated Publishing Services Group."

"The integrated Publishing Services Group is part of our ongoing efforts to meet and exceed the requirements of magazine, book and directory publishers and to ensure we are in a position to provide innovative market leading services" said Kevin J. Clarke, President of Publishing Services Group. "This consolidation is a logical streamlining of our core functions and will speed decision making to benefit both our customers and our employees."

Today's announcement follows the earlier integration of Quebecor World's U.S. Retail Insert, Catalog, Sunday Magazine and Direct Divisions into the Marketing Solutions Group and the integration of the Logistics and Premedia divisions under one operating structure. This enhanced U.S. operating structure, comprising three divisions instead of six, will result in greater synergies, shared resources and faster decision making with a focus on delivering complete value-added solutions to two principle customer bases, multi-channel marketers and publishers.

Kevin J. Clarke has 26 years of management experience in the printing industry. His career with the company began in 1982. He has held positions of increasing responsibility in the Magazine, Book and Directory divisions at Quebecor World, including Vice President of Sales, Vice President/General Manager, and Senior Vice President of Operations.

This is a trend that I've seen throughout the industry of late: operations are being streamlined to save money. This is not a bad thing per se, but short-term usually involves layoffs. Long-term this means that redundancies are removed and that similar processes are centralized and or standardized.

Do you think there's a better way for companies to save money in this economy? If so, please share.