LSC Communications (NYSE: $LKSD) Announces Strategic Equity Investment in #AI-Driven Technology: Authors, Inc.
This collaboration creates new solutions and products using machine learning and artificial intelligence to drive discoverability and deliver actionable insights for the Publishing Industry
CHICAGO - July 24, 2017 (Investorideas.com Newswire) LSC Communications, Inc. (NYSE: LKSD), a leader in print and digital media solutions, announced today an equity investment and the signing of a definitive reseller agreement with Authors, Inc., an Austin, Texas based developer of machine learning and artificial intelligence applications for the Publishing Industry.
With the goal of helping to increase publisher revenues, LSC will harness Authors, Inc. technology to offer new services for publishers, including intelligent editorial analysis, automated keyword enhancement and actionable insights. Machine learning and AI help make titles discoverable by recommending keywords, re-calibrating metadata dynamically based on quarterly performance, and assessing content to help predict the next bestseller.
"In our continued journey to invest in new technologies, we are thrilled to be making an investment in Authors, Inc." said Thomas J. Quinlan III, Chairman and CEO of LSC. "Machine learning and AI are positively impacting many industries and we are excited about the new products and solutions we are bringing to publishers."
Monica Landers, CEO of Authors, Inc., commented, "In LSC, we have a business partner that understands the opportunities opening up for machine learning and AI technology in the print and digital publishing industry. We value LSC's size, scale and access to publishers as we continue to develop new cutting-edge products and services for publishers to give them predictive analytics to make better content decisions and enhance keywords at the point of sale. LSC is demonstrating its innovation and industry leadership in offering these solutions to its publishing clients."
"The Authors suite of tools perfectly complements LSC's legacy offerings and comes at a pivotal time in the industry," said Bob Nelson, EVP of Publisher Services for LSC. "Authors, Inc. and LSC together make integration of machine learning solutions painless, affordable, and productive for publishers."
About Authors, Inc.
Authors, Inc. is an Austin-based technology company that brings innovative technology to the publishing and film industries through artificial intelligence, machine learning, and natural language processing. Their StoryFitTM technology delivers contextualized data directly from the text that supports editorial, marketing, and sales efforts with audience psychographics, story-arc comparative data, and audience accessibility statistics.
About LSC Communications
With a rich history of industry experience, innovative solutions and service reliability, LSC Communications (NYSE: LKSD) is a global leader in print and digital media solutions. The company's traditional and digital print-related services and office products serve the needs of publishers, merchandisers and retailers around the world. With advanced technology and a consultative approach, LSC's supply chain solutions meet the needs of each business by getting their content into the right hands as efficiently as possible.
This news release may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this news release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements, including risks associated with the ability of LSC Communications to perform as expected as a separate, independent entity and risks associated with the volatility and disruption of the capital and credit markets, and adverse changes in the global economy. Readers are strongly encouraged to read the full cautionary statements contained in LSC's filings with the SEC. LSC disclaims any obligation to update or revise any forward-looking statements.
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LSC Communications, Inc.
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