3 Around Conversion Information Contained In This Document Is Proprietary And Confidential And Relates To Proprietary Subject Matter Of Pressline Services, Inc. Release Of This Document And/Or The Information Contained Therein Other Than To Persons For Which It Is Required In Performance Of Their Duties On Behalf Of Pressline March 21, 2016 All Rights Reserved 1 Copyright © 2009 Pressline Services Inc. Services, Inc. Is Not Authorized Or Permitted. Reproduction Of The Document Or Construction Of Any Apparatus Based Thereon Is Expressly Prohibited Unless The Express Written Permission Of Pressline Services, Inc. For Such Activity Has Previously Been Obtained. Copyright © 2009 Pressline Services Inc. The Columbus Dispatch Why did The Columbus Dispatch want to re-invent the newspaper? To bring the newspaper into the modern era To create a fully sectioned newspaper with the compact feel of a tablet. Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 2 The Columbus Dispatch How did the reader feel about the new compact prototype? Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 3 The Columbus Dispatch Would readers discontinue their subscription if the format were to change? Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 4 The Columbus Dispatch The Columbus Dispatch New Format Initial Sales Results: • Total Starts up 7% YOY; Voluntary up 38% YOY, averaging 1,115 per week • Acquired a younger, more affluent audience than the traditional subscriber (compared to subscribers gained through other direct marketing efforts) Younger. 46% of those subscribers are between ages 18-39 More affluent. 58% have a HHI higher than $75K per year More likely to have children. Nearly half of the new subscribers have children compared to less than a third of our more tenured subscribers Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 5 The Columbus Dispatch Consumers: What They Are Saying Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 6 Imaging on a one around plate Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 7 Project Benefits ROI – DRIVERS Gross Newsprint savings of 33% with compact product format: Current Cutoff 3V Cutoff 22.047” 14.698” 22.776” 15.184” 23.562” 15.708” Additional newsprint savings realized by reducing web width to 44”: 50” to 44” = 12% 48” to 44” = 8% 46” to 44” = 4% (add 4% for 42” web) Less press capacity required to produce same circulation “Commercial” Newspaper printing opportunities including 7 ½” X 10 ½” tab size Projected project payback of 2 to 4 Years depending on project scope Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 8 Project Benefits PRODUCTION BENEFITS Straight mode production = 50% more output in same production window (9 webs maximum) 1-broadsheet web=8 pages Current Output 3V Output 50k cph 75k cph X 1.5= 1-section per former board Collect mode production (double collect vs. current collect) = 50% more paging and color capacity (3 webs maximum) 1-broadsheet web=24 pages 3-balanced sections per former board Current Output 3V Output 50k/2= 25k cph 75k/3 = 25k cph Two double truck or Four single page-one around plates for simplified plate up and registration Improved press flexibility by being able to retain existing and provide new 3V cutoff Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 9 Project Benefits PRODUCTION STRAIGHT MODEL 50% MORE SPEED More through put – Less equipment Less equipment – Less consumables, maintenance, utilities and press crews. Shorter run times Later deadlines Print more products Works well with sites that are use to running straight – offers current paging and color (max 9 webs) Works well with “one pass out the door” thinking Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 10 Project Benefits PRODUCTION COLLECT MODEL 50% MORE COLOR / SECTIONS More color/sections with current equipment Less webs (max 3 webs) Less Equipment - Less consumables, maintenance, utilities and press crews. Less capital dollars All color press- May need some reconfiguration Current collect speed Offers unique set of opportunities depending on run time required Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 11 Required INSTALLATION Pressline Services Areas of Focus: Plate and blanket cylinders Operator Side Folding couple with 3:4:5:5 Jaw folder Imposition software Customer Areas of Focus: CTP/Plate making equipment Pickup stations thru post press Gripper must go 50% faster Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 12 Web Layout 3 Web Full Color Capability: Straight -24 Pages 1-2-3-4 Sections Double Collect – 72 Pages 3-6-9-12 Sections Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 13 Folder Section Sequence Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 14 End Folder Module Specification Features 3-Part Knife Cylinder (A) 3-Part Pin/Cut Cylinder (B) 5-Part Double Collect Cylinder (C) C 5-Part Jaw Cylinder (D) Straight/Collect Delivery Fan and Table (Servo Controlled) (E) Operator Controls/Adjustments Running Lap B Running Pin – (1st and 2nd Pin Cylinder) Jaw Take D Straight/Collect Changeover Copyright © 2009 Pressline Services Inc. All Rights Reserved A E March 21, 2016 15 End Folder Module Specification Type – 3:4:5:5 Jaw Double Collect Operating Limits: Page Count 4pg – 72pg Broadsheet (Straight/Double Collect) 8pg – 120pg Tabloid (Straight/Double Collect) Speed 90,000 cph Straight 30,000 cph Double Collect *Actual operating speeds subject to press capabilities and page counts near specification limits Paper Width Range 39.98” – 54.00” Lap ±.79” Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 16 Units Features: Modification required on Blkt Cyl #11 Modification required on Blkt Cyl #12 Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 17 Cylinder Comparison Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 18 3-Color Units Copyright © 2009 Pressline Services Inc. All Rights Reserved March 21, 2016 19