| West Virginia                                                  |   | 55-0717455                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

|  Large accelerated filero |  Accelerated filer  o |  Non-accelerated filero                        | Smaller reporting company þ |
|--------------------------------|--------------------------------------|-----------------------------------------------------|----------------------------------|
|                           |                                 |  (Do not check if a smaller reporting company) |                             |

|  Class                                   |   |  Outstanding at April 30, 2011 |
|-----------------------------------------------|--------|------------------------------------------|
|  Common stock, $1.00 par value per share |   |  9,987,913 shares                   |

----

|                                                                                                                       |  Page No. |
|----------------------------------------------------------------------------------------------------------------------------|----------------|
|  Part I.   Financial Information                                                                       |           |
|   Item 1.  Financial Statements                                                                             |           |
|     Consolidated Balance Sheets (Unaudited)                                                            | 3              |
|     Consolidated Statements of Operations (Unaudited)                                             | 5              |
|  Consolidated Statements of Shareholders' Equity (Unaudited)                                                          | 6              |
|     Consolidated Statements of Cash Flows (Unaudited)                                                  | 7              |
|     Notes to Consolidated Financial Statements                                                         | 8              |
|   Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17             |
|   Item 3.  Quantitative and Qualitative Disclosure About Market Risk                                        | 21             |
|   Item 4.  Controls and Procedures                                                                          | 21             |
|  Part II. Other Information                                                                                      |           |
|   Item 1A.  Risk Factors                                                                                    | 22             |
|   Item 6.  Exhibits                                                                                         | 22             |
|  Signatures                                                                                                           | 23             |

----

| ASSETS                                                                                      |   | April 30,    |   |   |   | October 31, |    |
|---------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|--------|-------------|---------|
|                                                                                        |   | 2011(Unaudited)   |   |   |   | 2010        |    |
| Current assets:                                                                             |   |              |   |   |   |        |    |
|      Accounts receivable, net of allowance of $1,062,000 and $1,297,000 | $      | 16,958,041        |   |   | $      | 18,133,748  |    |
|      Inventories                                                   |   |  9,235,250   |   |   |   | 9,690,333   |    |
|  Income tax refund                                                                     |   | -                 |   |   |   | 36,293      |    |
|      Other current assets                                               |   | 709,158           |   |   |   | 652,178     |    |
|      Deferred income tax assets                                         |   | 1,085,658         |   |   |   | 1,144,519   |    |
|      Total current assets                                          |   | 27,988,107        |   |   |   | 29,657,071  |    |
|                                                                                        |   |              |   |   |   |        |    |
|      Property and equipment, at cost:                                   |   |              |   |   |   |        |    |
|      Land                                                          |   | 2,016,148         |   |   |   | 2,016,148   |    |
|      Buildings and improvements                                    |   | 11,846,843        |   |   |   | 11,843,376  |    |
|      Machinery and equipment                                       |   | 55,230,222        |   |   |   | 55,025,237  |    |
|      Furniture and fixtures                                        |   | 4,226,651         |   |   |   | 4,171,194   |    |
|      Vehicles                                                      |   | 3,301,165         |   |   |   | 3,266,898   |    |
|                                                                                        |   | 76,621,029        |   |   |   | 76,322,853  |    |
|      Less accumulated depreciation                                 |   |  (55,491,486 | )      |   |   | (53,949,280 | )  |
|                                                                                        |   |  21,129,543  |   |   |   | 22,373,573  |    |
|                                                                                        |   |              |   |   |   |        |    |
|     Goodwill                                                            |   | 15,332,283        |   |   |   | 15,332,283  |    |
| Deferred financing costs                                                                    |   | 1,056,113         |   |   |   | 1,267,174   |    |
|     Other intangibles, net of accumulated amortization                  |   | 4,974,803         |   |   |   | 5,195,361   |    |
|   Trademark and masthead                                                     |   | 10,001,812        |   |   |   | 10,001,812  |    |
|     Deferred tax asset, net of current portion                          |   | 8,009,971         |   |   |   | 8,370,151   |    |
|     Other assets                                                             |   | 33,978            |   |   |   | 36,561      |    |
|                                                                                        |   | 39,408,960        |   |   |   | 40,203,342  |    |
|     Total assets                                                        | $      | 88,526,610        |   |   | $      | 92,233,986  |    |

----

| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                               | April 30,  |       | October 31, |   |
|--------------------------------------------------------------------------------------------------------------------------|-----------------|------------|-------------|--------|
|                                                                                                                     | 2011(Unaudited) |       | 2010        |   |
| Current liabilities:                                                                                                     |            |       |        |   |   |   |
|     Negative book cash balances                                                                           | $               | 2,276,776  |        | $      | 1,013,713 |   |
|   Accounts payable                                                                                             |            | 2,602,117  |        |   | 4,116,087 |   |
|     Deferred revenue                                                                                      |            | 834,302    |        |   | 720,549  |   |
|   Accrued payroll and commissions                                                                              |            | 1,360,398  |        |   | 2,115,922 |   |
|   Taxes accrued and withheld                                                                                   |            | 1,066,343  |        |   | 1,125,726 |   |
|   Accrued expenses                                                                                             |            | 1,525,247  |        |   | 1,930,327 |   |
|   Current portion of long-term debt:                                                                           |            |       |        |   |   |   |
|      Notes payable                                                                                   |            | 5,584,155  |        |   | 5,484,842 |   |
|     Total current liabilities                                                                        |            | 15,249,338 |        |   | 16,507,166 |   |
|                                                                                                                     |            |       |        |   |   |   |
| Long-term debt, net of current portion:                                                                                  |            |       |        |   |   |   |
|     Line of credit                                                                                        |            | 9,941,742  |        |   | 10,425,496  |   |
|    Notes payable                                                                                               |            | 39,342,673 |        |   | 41,873,500 |   |
|     Other liabilities                                                                                     |            | 4,650      |        |   | 5,550 |   |
|     Total liabilities                                                                                |            | 64,538,403 |        |   | 68,811,712 |   |
| Shareholders’ equity:                                                                                              |            |       |        |   |   |   |
|   Common stock, $1 par value, 20,000,000 shares authorized;  9,987,913 shares issued and outstanding |            | 9,987,913  |        |   | 9,987,913 |   |
|   Additional paid-in capital                                                                                   |            | 22,768,610 |        |   | 22,768,610 |   |
|   Retained deficit                                                                                             |            | (8,768,316 | )           |   | (9,334,249 | )  |
| Total shareholders’ equity                                                                                         |            | 23,988,207 |        |   | 23,422,274 |   |
|  Total liabilities and shareholders’ equity                                                                   | $               | 88,526,610 |        | $      | 92,233,986 |   |

----

|                                                                   |   | Three Months EndedApril 30, | Six Months EndedApril 30, |   |
|-----------------------------------------------------------------------------|--------|-----------------------------|---------------------------|--------|
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |                        | 2011                      |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
| Revenues:                                                                   |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|   Printing                                                        |   | $                           | 19,659,905                |   | $ | 21,716,395 |   | $ | 39,218,084 |   | $ | 41,465,866 |   |
|   Office products and office furniture                            |   |                        | 7,960,866                 |   |   | 8,352,579 |   |   |  16,300,167 |   |   | 16,614,293 |   |
|   Newspaper                                                       |   |                        | 3,469,820                 |   |   | 3,670,371 |   |   |  7,477,495 |   |   | 8,046,432 |   |
|     Total revenues                                      |   |                        | 31,090,591                |   |   | 33,739,345 |   |   |  62,995,746 |   |   | 66,126,591 |   |
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
| Cost of sales & newspaper operating costs:                              |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|   Printing                                                        |   |                        |  14,559,862          |   |   | 15,494,951 |   |   | 29,680,704  |   |   | 30,216,325 |   |
|   Office products and office furniture                            |   |                        |  5,492,742           |   |   | 5,817,480 |   |   | 11,592,228 |   |   | 11,748,501 |   |
|   Newspaper cost of sales & operating costs              |   |                        |  2,074,576           |   |   | 2,022,702 |   |   |  4,249,798 |   |   | 4,151,308 |   |
|     Total cost of sales & newspaper operating costs |   |                        |  22,127,180          |   |   | 23,335,133 |   |   | 45,522,730 |   |   | 46,116,134 |   |
| Gross profit                                                                |   |                        | 8,963,411                 |   |   | 10,404,212 |   |   |  17,473,016 |   |   | 20,010,457 |   |
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|     Selling, general and administrative expenses        |   |                        |  7,164,326           |   |   | 8,327,677 |   |   | 14,380,988 |   |   | 17,044,322 |   |
| Restructuring charges                                                       |   |                        | -                         |   |   | 139,084 |   |   | 220,658 |   |   | 139,084 |   |
|                                                                        |   |                        | 7,164,326                 |   |   | 8,466,761 |   |   | 14,601,646 |   |   | 17,183,406 |   |
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
| Income from operations                                                      |   |                        | 1,799,085                 |   |   | 1,937,451 |   |   | 2,871,370 |   |   | 2,827,051 |   |
| Other income (expenses):                                                    |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|      Interest income                                    |   |                        | -                         |   |   | - |   |   | - |   |   | - |   |
|      Interest expense                                   |   |                        | (945,776                  | )      |   | (1,362,639 | ) |   | (1,914,598 | ) |   | (2,932,450 | ) |
|      Other                                              |   |                        | 28,832                    |   |   | 7,085 |   |   | 45,513 |   |   | 311,666 |   |
|                                                                        |   |                        |  (916,944            | )      |   | (1,355,554 | ) |   | (1,869,085 | ) |   | (2,620,784 | ) |
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes                                                  |   |                        | 882,141                   |   |   | 581,897 |   |   | 1,002,285 |   |   | 206,267 |   |
|      Income tax expense                                 |   |                        |  (389,429            | )      |   | (248,436 | ) |   |  (436,352 | ) |   | (85,492 | ) |
| Net income                                                                  |   | $                           |  492,712             |   | $ | 333,461 |   | $ | 565,933 |   | $ | 120,775 |   |
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
| Earnings per share                                                          |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|      Basic                                              |   | $                           | 0.05                      |   | $ | 0.03 |   | $ | 0.06 |   | $ | 0.01 |   |
|      Diluted                                            |   | $                           |  0.05                |   | $ | 0.03 |   | $ |  0.06 |   | $ | 0.01 |   |
|                                                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                        |   |                        |                      |   |   |   |   |   |   |   |   |   |   |
|      Basic                                              |   |                        | 9,988,000                 |   |   | 9,988,000 |   |   | 9,988,000 |   |   | 9,988,000 |   |
|      Diluted                                            |   |                        |  9,988,000           |   |   | 9,988,000 |   |   | 9,988,000 |   |   | 9,988,000 |   |
| Dividends per share                                                         |   | $                           | -                         |   | $ | - |   | $ | - |   | $ | - |   |

----

|                                               |         |      |    |    | Additional     |   |                      |       |   Other |    |       |   |
|----------------------------------------------------|--------------|-----------|---------|---------|----------------|--------|---------------------------|------------|-------------------|---------|------------|--------|
|                                               | Common Stock |      | Paid-In |    |  Retained |   |   Comprehensive |       |              |    |
|                                               | Shares       |      | Amount  |    | Capital        |   | Deficit                   |       | (Loss) Income     |    | Total      |   |
| Balance, October 31, 2010                          |         | 9,987,913 |    |  $ | 9,987,913      |   |  $                   | 22,768,610 |              |  $ | (9,334,249 | )      |  $ | - |   |  $ | 23,422,274 |   |
|                                               |         |      |    |    |           |   |                      |       |              |    |       |   |   |   |   |   |   |   |
| Comprehensive income:                              |         |      |    |    |           |   |                      |       |              |    |       |   |   |   |   |   |   |   |
|   Net Income                        |         | -         |    |    | -              |   |                      | -          |              |    | 565,933    |   |   |  - |   |   | 565,933 |   |
|     Total comprehensive income |         | -         |    |    | -              |   |                      | -          |              |    | 565,933    |   |   | - |   |   | 565,933 |   |
|                                               |         |      |    |    |           |   |                      |       |              |    |       |   |   |   |   |   |   |   |
|                                               |         |      |    |    |           |   |                      |       |              |    |       |   |   |   |   |   |   |   |
| Balance, April 30, 2011                  |         | 9,987,913 |    | $       | 9,987,913      |   | $                         | 22,768,610 |              | $       | (8,768,316 | )      | $ | - |   | $ | 23,988,207 |   |

----

|                                                                               |   | Six Months Ended April 30, |             |
|------------------------------------------------------------------------------------|--------|----------------------------|------------------|
|                                                                               |   |                       |             |   |   |
|                                                                               |   | 2011                       |             | 2010 |   |
| Cash flows from operating activities:                                              |   |                       |             |   |   |
| Net income                                                                         |   | $                          | 565,933          |   | $ | 120,775 |   |
| Adjustments to reconcile net income to cash provided by operating activities:      |   |                       |             |   |   |   |   |
|   Depreciation and amortization                                          |   |                       | 2,017,602        |   |   | 2,188,029 |   |
|  (Gain) Loss on sale of assets                                           |   |                       | (13,901          | ) |   | 10,686 |   |
|   Deferred income taxes                                                  |   |                       | 419,041          |   |   | 119,082 |   |
|   Deferred financing costs                                          |   |                       | 211,060          |   |   | 161,550 |   |
|   Bad debt expense                                                       |   |                       | 10,367           |   |   | 201,298 |   |
|      Gain on hedging agreements                                |   |                       |  -          |   |   | (284,079 | ) |
|      Restructuring charges                                     |   |                       | 249,509          |   |   | - |   |
|      Changes in assets and liabilities:                        |   |                       |             |   |   |   |   |
|    Accounts receivable                                                   |   |                       | 1,165,340        |   |   | 342,622 |   |
|    Inventories                                                      |   |                       | 455,083          |   |   | 665,562 |   |
|    Other current assets                                                  |   |                       |  (56,980    | ) |   | (383,997 | ) |
|        Accounts payable                              |   |                       |  (1,698,531 | ) |   | 131,517 |   |
|            Deferred revenue |   |                       | 113,753          |   |   | 163,686 |   |
|        Accrued payroll                          |   |                       |  (755,524   | ) |   | (307,805 | ) |
|    Taxes accrued and withheld                                       |   |                       | (59,383          | ) |   | 228,887 |   |
|    Income taxes                                                          |   |                       | 36,293           |   |   | (63,280 | ) |
|    Accrued expenses                                                 |   |                       | (470,027         | ) |   | (42,681 | ) |
|    Other liabilities                                                |   |                       | (900             | ) |   | (900 | ) |
|      Net cash provided by operating activities                 |   |                       | 2,188,735        |   |   | 3,250,952 |   |
|                                                                               |   |                       |             |   |   |   |   |
| Cash flows from investing activities:                                              |   |                       |             |   |   |   |   |
| Purchases of property and equipment                                                |   |                       | (263,911         | ) |   | (179,393 | ) |
| Proceeds from sales of property                                                    |   |                       | 75,765           |   |   | 20,192 |   |
| Change in other assets                                                        |   |                       | 2,583            |   |   | 5,584 |   |
|      Net cash used in investing activities                     |   |                       |  (185,563   | ) |   | (153,617 | ) |
|                                                                               |   |                       |             |   |   |   |   |
| Cash flows from financing activities:                                              |   |                       |             |   |   |   |   |
| Borrowings on line of credit                                                       |   |                       | 25,880,000       |   |   | 20,440,000 |   |
| Payments on line of credit                                                         |   |                       | (26,340,000      | ) |   | (19,060,000 | ) |
| Increase in negative book cash balances                                       |   |                       | 1,263,063        |   |   | 1,298,725 |   |
| Principal payments on long-term debt                                               |   |                       | (2,806,235       | ) |   | (6,663,527 | ) |
| Payments on debt amendment costs                                                   |   |                       | -           |   |   | (271,815 | ) |
|     Net cash used in financing activities                           |   |                       | (2,003,172       | ) |   | (4,256,617 | ) |
| Net decrease in cash and cash equivalents                                     |   |                       | -                |   |   | (1,159,282 | ) |
| Cash and cash equivalents, beginning of period                                     |   |                       | -           |   |   | 1,159,282 |   |
| Cash and cash equivalents, end of period                                           |   | $                          | -                |   | $ | - |   |

----

----

|                                                                                    |  April 30,2011 |            | October 31,2010 |
|-----------------------------------------------------------------------------------------|---------------------|-----------------|-----------------|
|  Printing and newspaper:                                                           |                |            |            |   |   |
|             Raw materials        |  $             | 2,611,780       |            |  $ |  2,897,036 |
|             Work in process |                |  1,373,592 |            |   |  1,130,291 |
|             Finished goods       |                | 3,005,932       |            |   |  3,451,815 |
|  Office products and office furniture                                              |                |  2,243,946 |            |   |  2,211,191 |
|                                                                                    |  $             |  9,235,250 |            |  $ |  9,690,333 |

|                                                 |   | April 30, |       | October 31, |    |
|------------------------------------------------------|--------|----------------|------------|-------------|---------|
|                                                 |   | 2011           |       | 2010        |    |
| Installment notes payable to banks & shareholder |   |  $        | 4,318,850  |        |  $ | 4,300,364 |   |
| Term loan facility with syndicate of banks           |   |           | 40,607,978 |        |    | 43,057,978 |   |
|                                                 |   |           | 44,926,828 |        |    | 47,358,342 |   |
| Less current portion                                 |   |           | 5,584,155  |        |    | 5,484,842 |   |
| Long-term debt, net of current portion               |   | $              | 39,342,673 |        | $       | 41,873,500 |   |

----

| ·   | a $17,000,000 revolving credit facility with a sublimit of up to $3,000,000 for letters of credit and $3,000,000 for swing line loans. Outstanding borrowings, thereunder, may not exceed the sum of (1) up to 85% of eligible receivable plus (b) up to the lesser of $6,000,000 or 50% of eligible inventory. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | at the Company's option, interest at a LIBOR Rate, so long as no default exists. |
|--------------------|----------------------------------------------------------------------------------|

| ·   | post-default increase in interest rate of 2%. |
|--------------------|-----------------------------------------------|

| ·   | amendment of various financial covenants. |
|--------------------|-------------------------------------------|

| ·   | fixed charge coverage ratio is required to be 1.0:1.0 through January 31, 2011; 1.1:1.0 through January 31, 2012 and 1.20:1.00 thereafter |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | leverage ratio shall not be greater then 6.5:1.00 at April 30, 2010 with 0.5:1.00 step-downs quarterly through April 30, 2011 and 0.25:1.00 quarterly step-downs through April 30, 2012. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | minimum EBITDA pursuant to a quarterly build up commencing with the three months ended April 30, 2010 of $2,700,000, the six months ended July 31, 2010 of $5,400,000, the nine months ended October 31, 2010 of $8,900,000 and the twelve months ended January 31, 2011 of $11,800,000, thereafter varying quarterly step-ups culminating in twelve months trailing EBITDA of $14,300,000 at October 31, 2012. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | maximum capital expenditures are limited to $2,000,000 per fiscal year for the years ended October 31, 2010 and 2011 and $2,500,000 thereafter. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | enhanced reporting by the Company to Administrative Agent, including monthly reports and conference calls, quarterly reports by the Company's independent auditors of restructuring charges and organizational expense reductions. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | application of the Company's income tax refunds applied to reduce indebtedness under the Credit Agreement. |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | Restrictions on payment of dividends based on various covenant compliance thresholds. |
|--------------------|---------------------------------------------------------------------------------------|

----

----

|                            |   | Payments Due by Fiscal Year |
|---------------------------------|--------|-----------------------------|
| Contractual Obligations         |   | 2011                        |   | 2012 |   | 2013 |   | 2014 |   | 2015 |   |        Residual |   |   | Total |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cancelable operating leases |   | $                           | 660,319 |   | $ | 1,212,050 |   | $ | 1,119,892 |   |  $ |  441,655 |   |  $ |  51,640 |   |  $ | - |   |  $ |  3,485,556 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revolving line of credit        |   |                        | - |   |   | 9,941,742 |   |   | - |   |   | - |   |   | - |   |   |  - |   |   | 9,941,742 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Term debt                       |   |                        | 2,884,966 |   |   | 5,466,449 |   |   | 33,505,398 |   |   | 3,070,015 |   |   | -  |   |   |  - |   |   | 44,926,828 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   | $                           | 3,545,285 |   | $ | 16,620,241 |   | $ |  34,625,290 |   | $ |  3,511,670 |   |  $ | 51,640 |   |  $ | - |   |  $ | 58,354,126 |   |

----

| 2011 Quarter 2                      |   | Printing |             | Office Products & Furniture |   | Newspaper       |   | Total  |             |
|-------------------------------------|--------|----------|------------------|---------------------------------|--------|-----------------|--------|--------|------------------|
|                                |   |     |             |                            |   |            |   |   |             |
| Revenues                            |   | $        | 20,854,240       |                            | $      | 9,571,166       |   | $      | 3,469,820        |   | $ | 33,895,226 |   |
| Elimination of intersegment revenue |   |     |  (1,194,335 | )                               |   | (1,610,300      | )      |   |  -          |   |   |  (2,804,635 | ) |
| Consolidated revenues               |   | $        |  19,659,905 |                            | $      | 7,960,866       |   | $      |  3,469,820  |   | $ |  31,090,591 |   |
|                                |   |     |             |                            |   |            |   |   |             |   |   |   |   |
| Operating income                    |   |     | 937,625          |                            |   |  473,211   |   |   | 388,249          |   |   | 1,799,085 |   |
| Depreciation & amortization     |   |     |  689,480    |                            |   | 33,852          |   |   |  283,940    |   |   |  1,007,272 |   |
| Capital expenditures                |   |     | 278,018          |                            |   |  37,900    |   |   |  12,218     |   |   | 328,136 |   |
| Identifiable assets                 |   |     | 38,396,677       |                            |   |  6,584,288 |   |   | 34,450,016       |   |   | 79,430,981 |   |
| Goodwill                            |   |     |  2,226,837  |                            |   | 1,230,485       |   |   |  11,874,961 |   |   |  15,332,283 |   |
|                                |   |     |             |                            |   |            |   |   |             |   |   |   |   |
| 2010 Quarter 2                      |   | Printing |             | Office Products & Furniture |   | Newspaper       |   | Total  |             |
|                                |   |     |             |                            |   |            |   |   |             |   |   |   |   |
| Revenues                            |   | $        | 24,535,723       |                            | $      | 9,954,527       |   | $      | 3,670,371        |   | $ | 38,160,621 |   |
| Elimination of intersegment revenue |   |     | (2,819,328       | )                               |   | (1,601,948      | )      |   | -                |   |   | (4,421,276 | ) |
| Consolidated revenues               |   | $        | 21,716,395       |                            | $      | 8,352,579       |   | $      | 3,670,371        |   | $ | 33,739,345 |   |
|                                |   |     |             |                            |   |            |   |   |             |   |   |   |   |
| Operating income                    |   |     | 646,608          |                            |   | 582,585         |   |   | 708,258          |   |   | 1,937,451 |   |
| Depreciation & amortization     |   |     | 766,334          |                            |   | 31,103          |   |   | 172,951          |   |   | 970,388 |   |
| Capital expenditures                |   |     | 141,388          |                            |   | 5,442           |   |   | 18,088           |   |   | 164,918 |   |
| Identifiable assets                 |   |     | 42,584,807       |                            |   | 7,140,092       |   |   | 35,861,620       |   |   | 85,586,519 |   |
| Goodwill                            |   |     | 2,226,837        |                            |   | 1,230,485       |   |   | 11,874,961       |   |   | 15,332,283 |   |

----

| 2011 Year to Date                   |   |  Printing |          | Office Products& Furniture |   |  Newspaper  |   | Total   |                                                                                                                                                                                                                                              |
|-------------------------------------|--------|----------------|---------------|--------------------------------|--------|------------------|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                |   |           |          |                           |   |             |   |    |                                                                                                                                                                                                                                              |   |   |   |   |
| Revenues                            |   | $              | 41,936,821    |                           | $      | 19,564,168       |   | $  | 7,477,495                                                                                                                                                                                                                                         |   | $ | 68,978,484 |   |
| Elimination of intersegment revenue |   |           | (2,718,737    | )                              |   |  (3,264,001 | )      |    |                                         - |   |   | (5,982,738 | ) |
| Consolidated revenues               |   | $              | 39,218,084    |                           | $      |  16,300,167 |   | $  | 7,477,495                                                                                                                                                                                                                                         |   | $ | 62,995,746 |   |
|                                |   |           |          |                           |   |             |   |    |                                                                                                                                                                                                                                              |   |   |   |   |
| Operating income                    |   |           | 827,973       |                           |   | 818,939          |   |    | 1,224,458                                                                                                                                                                                                                                         |   |   | 2,871,370 |   |
| Depreciation & amortization     |   |           | 1,381,809     |                           |   | 67,724           |   |    | 568,069                                                                                                                                                                                                                                           |   |   | 2,017,602 |   |
| Capital expenditures                |   |           |  530,230 |                           |   | 55,457           |   |    | 29,191                                                                                                                                                                                                                                            |   |   |  614,878 |   |
| Identifiable assets                 |   |           | 38,396,677    |                           |   | 6,584,288        |   |    | 34,450,016                                                                                                                                                                                                                                        |   |   | 79,430,981 |   |
| Goodwill                            |   |           | 2,226,837     |                           |   | 1,230,485        |   |    | 11,874,961                                                                                                                                                                                                                                        |   |   | 15,332,283 |   |

| 2010 Year to Date                   |   |  Printing |       | Office Products& Furniture |   |  Newspaper |   | Total   |       |
|-------------------------------------|--------|----------------|------------|--------------------------------|--------|-----------------|--------|---------|------------|
|                                |   |           |       |                           |   |            |   |    |       |   |   |   |   |
| Revenues                            |   | $              | 46,931,754 |                           | $      | 19,846,919      |   | $  | 8,046,432  |   | $ | 74,825,105 |   |
| Elimination of intersegment revenue |   |           | (5,465,888 | )                              |   | (3,232,626      | )      |    | -          |   |   | (8,698,514 | ) |
| Consolidated revenues               |   | $              | 41,465,866 |                           | $      | 16,614,293      |   | $  | 8,046,432  |   | $ | 66,126,591 |   |
|                                |   |           |       |                           |   |            |   |    |       |   |   |   |   |
| Operating income                    |   |           | 152,045    |                           |   | 951,837         |   |    | 1,723,169  |   |   | 2,827,051 |   |
| Depreciation & amortization     |   |           | 1,552,524  |                           |   | 68,936          |   |    | 566,569    |   |   | 2,188,029 |   |
| Capital expenditures                |   |           | 322,467    |                           |   | 9,488           |   |    | 43,429     |   |   | 375,384 |   |
| Identifiable assets                 |   |           | 42,584,807 |                           |   | 7,140,092       |   |    | 35,861,620 |   |   | 85,586,519 |   |
| Goodwill                            |   |           | 2,226,837  |                           |   | 1,230,485       |   |    | 11,874,961 |   |   | 15,332,283 |   |

|                                    |   | Three months | Six months   |
|-----------------------------------------|--------|--------------|--------------|
|                                    |   |         | 2011         |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
| Revenues:                               |   |         |         |   |   |   |   |   |   |   |   |   |   |
| Total segment revenues                  |   | $            | 33,895,226   |   | $ | 38,160,621 |   | $ | 68,978,484 |   | $ | 74,825,105 |   |
| Elimination of intersegment revenue     |   |         | (2,804,635   | ) |   | (4,421,276 | ) |   | (5,982,738 | ) |   | (8,698,514 | ) |
| Consolidated revenue                    |   | $            | 31,090,591   |   | $ | 33,739,345 |   | $ |  62,995,746 |   | $ | 66,126,591 |   |
|                                    |   |         |         |   |   |   |   |   |   |   |   |   |   |
| Operating income:                       |   |         |         |   |   |   |   |   |   |   |   |   |   |
| Total segment operating income          |   | $            | 1,799,085    |   | $ | 1,937,451 |   | $ | 2,871,370 |   | $ | 2,827,051 |   |
| Interest income                         |   |         | -            |   |   | - |   |   | - |   |   | - |   |
| Interest expense                        |   |         | (945,776     | ) |   | (1,362,639 | ) |   |  (1,914,598 | ) |   | (2,932,450 | ) |
| Other income                            |   |         |  28,832 |   |   | 7,085 |   |   |  45,513 |   |   | 311,666 |   |
| Consolidated income before income taxes |   | $            | 882,141      |   | $ | 581,897 |   | $ | 1,002,285 |   | $ | 206,267 |   |
|                                    |   |         |         |   |   |   |   |   |   |   |   |   |   |
| Identifiable assets:                    |   |         |         |   |   |   |   |   |   |   |   |   |   |
| Total segment identifiable assets       |   | $            | 79,430,981   |   | $ | 85,586,519 |   | $ | 79,430,981 |   | $ | 85,586,519 |   |
| Assets not allocated to a segment       |   |         | 9,095,629    |   |   | 11,561,459 |   |   | 9,095,629 |   |   | 11,561,459 |   |
| Total consolidated assets               |   | $            | 88,526,610   |   | $ | 97,147,978 |   | $ |  88,526,610 |   | $ | 97,147,978 |   |

----

|                               |   |  Fair Value Measurements as of April 30, 2011 and 2010  |          |
|------------------------------------|--------|------------------------------------------------------------------------|---------------|
|  Liabilities:                 |   |  Level 1                                                          |          |   |  Level 2 |   |   |  Level 3 |   |   |  Total |   |
|  Interest rate swap at (2011) |   |  $                                                                |  -  |   |   |  $ | -  |   |   |  $  |  -  |   |   | $  |  - |   |
|  Interest rate swap at (2010) |   |  $                                                                | -             |   |   | $ | 442,560 |   |   |  $ | - |   |   | $ | 442,560 |   |

----

|                                                               |    |                                              |    |                             |    |                                       |    |                                       |    |                            |
|--------------------------------------------------------------------|---------|---------------------------------------------------|---------|----------------------------------|---------|--------------------------------------------|---------|--------------------------------------------|---------|---------------------------------|
|                                                               |    |  Three Months EndedApril 30, 2011  |    | Three Months EndedApril 30, 2010 |    |   Six Months EndedApril 30, 2011 |    |  Six Months  EndedApril 30, 2010 |    |  Cumulative Total          |
|  Occupancy and equipment related costs                        |  $ | -                                            |  $ | -                                |  $ |  123,553                              |  $ |  -                                    |  $ | 1,296,728                  |
|  Costs incurred to streamline production, personnel and other |    | -                                            |    | 139,084                          |    |  97,105                               |    |  139,084                              |    |     564,726 |
|  Inventory                                               |    | -                                                 |    |   -                    |    |  28,851                               |    |  -                                    |    |     200,380      |
|  Total                                                        |  $ | -                                            |  $ |  139,084                    |  $ |  249,509                              |  $ |  139,084                              |  $ |  2,061,834                 |
|                                                               |    |                                              |    |                             |    |                                       |    |                                       |    |                            |

|                                  |    |  Occupancy and equipment related costs  |    |  Costs incurred to streamline production, personnel and other |    |  Total      |
|---------------------------------------|---------|---------------------------------------------------|---------|--------------------------------------------------------------------|---------|-----------------------|
|                                  |    |                                              |    |                                                               |    |                  |
| Balance at October 31, 2010           |  $ | 1,037,548                                         |  $ |   8,462                                                  | $  |  1,046,010       |
|  2011 expenses                   |    |  123,553                                |    |  97,105                                                       |    |  220,658         |
|  Paid in 2011                    |    |   (254,403)                        |    |  (154,559)                                                    |    |   (408,962) |
|  Reclassifications               |    |  (139,503)                                   |    |  139,503                                                      |    |  -               |
|                                  |    |                                              |    |                                                               |    |                  |
|  Balance at April 30, 2011  |  $ |  767,195                                     |  $ |  90,511                                                  |  $ |  857,706    |

----

|                                                           |   | Percentage of Total Revenues |
|----------------------------------------------------------------|--------|------------------------------|
|                                                           |   | Three Months EndedApril 30,  | Six Months EndedApril 30, |
|                                                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |
|                                                           |   |                         | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
| Revenues:                                                      |   |                         |   |   |   |   |   |   |   |   |   |                    |   |
|          Printing      |   |                         | 63.2 | % |   | 64.4 | % |   | 62.2 | % |   | 62.7 | % |
|    Office products and office furniture         |   |                         | 25.6 |   |   | 24.8 |   |   |  25.9 |   |   | 25.1 |   |
|          Newspaper     |   |                         | 11.2 |   |   | 10.8 |   |   |  11.9 |   |   | 12.2 |   |
|     Total revenues                         |   |                         | 100.0 |   |   | 100.0 |   |   | 100.0 |   |   | 100.0 |   |
|                                                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Cost of sales and newspaper operating costs:              |   |                         |   |   |   |   |   |   |   |   |   |   |   |
|          Printing |   |                         | 46.8 |   |   | 45.9 |   |   |  47.2 |   |   | 45.7 |   |
|     Office products and office furniture        |   |                         |  17.7 |   |   | 17.3 |   |   |  18.4 |   |   | 17.7 |   |
|    Newspaper cost of sales and operating costs  |   |                         |  6.7 |   |   | 6.0 |   |   |  6.7 |   |   | 6.3 |   |
|    Total cost of sales and newspaper operating costs |   |                         | 71.2 |   |   | 69.2 |   |   |  72.3 |   |   | 69.7 |   |
|         Gross profit        |   |                         | 28.8 |   |   | 30.8 |   |   | 27.7 |   |   | 30.3 |   |
| S  Selling, general and administrative expenses      |   |                         |  23.0 |   |   | 24.7 |   |   | 22.8 |   |   | 25.8 |   |
| Restructuring charge                                           |   |                         | 0.0 |   |   | 0.4 |   |   | 0.4 |   |   | 0.2 |   |
| Income from operations                                         |   |                         |  5.8 |   |   | 5.7 |   |   |  4.5 |   |   | 4.3 |   |
|      Interest income                       |   |                         |  0.0 |   |   | 0.0 |   |   | 0.0 |   |   | 0.0 |   |
|      Interest expense                      |   |                         |  (3.0 | ) |   | (4.0 | ) |   |  (3.0 | ) |   | (4.4 | ) |
|      Other income                     |   |                         |  0.1 |   |   | 0.0 |   |   | 0.1 |   |   | 0.4 |   |
|                                                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income before taxes                                            |   |                         |  2.9 |   |   | 1.7 |   |   | 1.6 |   |   | 0.3 |   |
|      Income tax expense                    |   |                         | (1.3 | ) |   | (0.7 | )  |   |  (0.7 | ) |   | (0.1 | ) |
| Net income                                                     |   |                         |  1.6 | % |   | 1.0 | % |   |  0.9 | % |   | 0.2 | % |

----

----

----

----

----

|   | a)     | Exhibits: |
|--------|--------|-----------|
|   |   |      |

| (31.1) | Principal Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley act of 2002 - Marshall T. Reynolds                                        |   | Exhibit 31.1 Page Exhibit 31.1-p1 |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|
| (31.2) | Principal Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley act of 2002 - Todd R. Fry                                                 |   | Exhibit 31.2 Page Exhibit 31.2-p1 |
| (31.3) | Principal Operating Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley act of 2002 - Toney K. Adkins                                             |   | Exhibit 31.3 Page Exhibit 31.3-p1 |
| (32)   | Marshall T. Reynolds, Todd R. Fry and Toney K. Adkins Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley act of 2002 |   | Exhibit 32 Page Exhibit 32-p1     |

----

| Date: June 14, 2011 | /s/ Marshall T. Reynolds                          |
|--------------------------|---------------------------------------------------|
|                     | Marshall T. Reynolds                              |
|                     | Chief Executive Officer                           |
|                     |                                              |
|                     |                                              |
| Date: June 14, 2011 | /s/ Toney K. Adkins                               |
|                     | Toney K. Adkins                                   |
|                     | President and Chief Operating Officer             |
|                     |                                              |
|                     |                                              |
| Date: June 14, 2011 | /s/ Todd R. Fry                                   |
|                     | Todd R. Fry                                       |
|                     | Senior Vice President and Chief Financial Officer |

----