KEY INVESTMENT CONSIDERATIONS

• Investment grade credit rating
  
  
• Ability to generate significant cash flow with an average of $287 million per year over the past three years
  
  
• Leader in most of the markets we serve
  
  
• Solid relationships with our customers
  
  
• Balanced portfolio of businesses
  
  
• Track record of dividend growth
  
  
• Development of marketing communication products and services
  
  
• Attractive valuation compared with peers
  
  
• Family-owned and operated business
  
  
• Long term contracts ranging from 3-18 years with customers who generate 50-60% of Print revenues
  
  
• Close to 40% of consolidated revenues are less exposed to cyclical changes in the economy
  
  
• Almost half of advertising revenues from the media sector is from local advertising

CAUTIONARY NOTICE