Trafford Publishing

[spanky123]

The TC is reporting that Trafford has sold its self-publishing division to a competitor for $150K in transitional fees plus a committment to fill existing book orders for its clients.

http://www.timescolonist.com/firm+bu...714/story.html

[Bingo]

The printers in Victoria have faced tough times in the last 6 years. Manning Press, Fleming Printing and Morriss Printing either folded or were sold. The digital era had caught up to those un-prepared to get on board for the changeover. Publishers are equally vulnerable with much of the smaller work going offshore. Many people can publish their own books online right from their home computer.

Newspapers will continue to re-invent themselves to compete for shrinking advertising dollars, and from competition from online news.

[rjag]

Just received an official letter today from the trustee that Morriss is in Bankruptcy

[Rob Randall]

^Terrible news. They are a legendary local company.

[Bingo]

Originally Posted by Rob Randall

^Terrible news. They are a legendary local company.

The legend was alive when Charlie Morriss was still at the helm back in the 1960's. They were one of the top printers of hard-bound books in North America. The actual end for Morriss Printing came in 2003 when they were bought by Rolex Plastics. They carried on in name only to attract customers, but the old standards were long gone.

[VicHockeyFan]

Morriss Printing continues to operate

Court-appointed receiver is finding buyers for all three divisions of the company

By Andrew A. Duffy, Times Colonist
December 1, 2009

http://www.timescolonist.com/news/to...840/story.html

It's business as usual for the time being at Morriss Printing Systems while the company works with its court-appointed receiver to find buyers for its various divisions.

[...]

[spanky123]

What else are you going to say? If you are trying to sell the business then the best approach is to have the appearance of a viable operation.

[Bingo]

According to the December 1st edition of the Times Colonist, a court-appointed receiver is finding buyers for all three divisions of the company.

"Morriss has 141 unsecured creditors claiming $2.194 million, four secured creditors seeking $1.55 million and 85 preferred creditors."

"Most of the secured creditors are former employees claiming wages totalling $182,351."

As a point of interest, less than a dozen Morriss Printing employees that worked in the original building at 1745 Blanshard, moved to the Colwood location when the company was bought by Rolex in 2003. And that, was the end of the Morriss era.

[Bingo]

Correction to previous post,
should read...

..."Most of the preferred creditors are former employees claiming wages totalling $182,351."