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

|  Largeaccelerated filer o |  Acceleratedfiler o   |  Non-acceleratedfiler o                       | Smaller reportingcompany þ |
|--------------------------------|--------------------------------------|----------------------------------------------------|---------------------------------|
|                           |                                 |  (Donot check if a smaller reporting company) |                            |

|  Class                                   |   |  Outstanding at July 31, 2009 |
|-----------------------------------------------|--------|------------------------------------|
|  Common stock, $1.00 par value per share |   |  9,987,913 shares             |

----

|                                                                                                                      |  PageNo. |
|---------------------------------------------------------------------------------------------------------------------------|---------------|
|  PartI.   Financial Information                                                                       |          |
|   Item1.  Financial Statements                                                                             |          |
|     ConsolidatedBalance Sheets (Unaudited)                                                            | 3             |
|     ConsolidatedStatements of Income (Unaudited)                                                 | 5             |
|  ConsolidatedStatements of Shareholders' Equity (Unaudited)                                                          | 6             |
|     ConsolidatedStatements of Cash Flows (Unaudited)                                                  | 7             |
|     Notesto Consolidated Financial Statements                                                         | 8             |
|   Item2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17            |
|   Item3a.  Quantitative and Qualitative Disclosure About Market Risk                                       |  22      |
|   Item4T.  Controls and Procedures                                                                         | 22            |
|  PartII. Other Information                                                                                      |          |
|   Item1A.  Risk Factors                                                                                    | 23            |
|   Item6.  Exhibits                                                                                         | 23            |
|  Signatures                                                                                                          | 24            |

----

| ASSETS                                                                                    |   | July31,         |   |   |    | October31,    |   |
|-------------------------------------------------------------------------------------------|--------|-----------------|--------|--------|---------|---------------|--------|
|                                                                                      |   | 2009(Unaudited) |   |   |    | 2008(Audited) |   |
| Current assets:                                                                           |   |            |   |   |    |          |   |
|      Cash and cash equivalents                                        | $      | 106,347         |   |   | $  | -        |   |
|     Accountsreceivable, net of allowance of $1,143,000 and $1,851,000 |   | 16,886,964      |   |   |    | 23,888,688    |   |
|      Inventories                                                 |   | 10,597,010      |   |   |    | 12,014,118    |   |
|  Incometax refund                                                                    |   | 2,482,286       |   |   |    | 711,096       |   |
|      Other current assets                                             |   | 1,161,905       |   |   |    | 833,066       |   |
|      Deferred income tax assets                                       |   | 937,832         |   |   |    | 1,130,742     |   |
|      Totalcurrent assets                                         |   | 32,172,344      |   |   |    | 38,577,710    |   |
|                                                                                      |   |            |   |   |    |          |   |
|      Property and equipment, at cost:                                 |   |            |   |   |    |          |   |
|      Land                                                        |   | 2,120,689       |   |   |    | 2,120,689     |   |
|      Buildingsand improvements                                   |   | 12,144,389      |   |   |    | 12,110,480    |   |
|      Machineryand equipment                                      |   | 57,311,282      |   |   |    | 55,407,620    |   |
|      Furnitureand fixtures                                       |   | 4,163,854       |   |   |    | 4,089,466     |   |
|      Vehicles& other                                         |   | 3,153,493       |   |   |    | 3,144,682     |   |
|                                                                                      |   | 78,893,707      |   |   |    | 76,872,937    |   |
|      Lessaccumulated depreciation                                |   | (52,628,226     | )      |   |    | (49,764,709   | )      |
|                                                                                      |   | 26,265,481      |   |   |    | 27,108,228    |   |
|                                                                                      |   |            |   |   |    |          |   |
|     Cash surrender value of officers’ life insurance            |   | 353,567         |   |   |    | 874,397       |   |
|     Goodwill                                                          |   | 38,894,778      |   |   |    | 38,894,778    |   |
| Deferredfinancing costs                                                                   |   | 1,276,566       |   |   |    | 1,508,669     |   |
|     Other intangibles, net of accumulated amortization                |   | 14,951,919      |   |   |    | 15,730,841    |   |
|   Trademark& masthead                                                       |   | 18,515,316      |   |   |    | 18,515,316    |   |
|      Other assets                                                     |   | 56,030          |   |   |    | 68,906        |   |
|                                                                                      |   | 74,048,176      |   |   |    | 75,592,907    |   |
|     Totalassets                                                       | $      | 132,486,001     |   |   | $       | 141,278,845   |   |

----

| LIABILITIESAND SHAREHOLDERS’ EQUITY                                                                                            | July31,         |            | October31,    |    |
|--------------------------------------------------------------------------------------------------------------------------------------|-----------------|-----------------|---------------|---------|
|                                                                                                                                 | 2009(Unaudited) |            | 2008(Audited) |    |
|  Current liabilities:                                                                                                           |            |            |          |    |   |   |
|      Notes Payable, line of credit                                                                               |  $         | 8,725,496  |          |  $ | -  |   |
|      Negative book cash balances                                                                            |            | -          |          |    | 986,704  |   |
|     Accounts payable                                                                                             |            | 2,802,233       |          |    | 4,844,725 |   |
|     Accrued payroll                                                                                              |            | 2,138,403       |          |    | 2,726,911 |   |
|     Taxes accrued and withheld                                                                                   |            | 1,526,871       |          |    | 987,385 |   |
|     Accrued expenses                                                                                             |            | 1,741,604       |          |    | 1,546,055 |   |
|     Current portion of long-term debt:                                                                           |            |            |          |    |   |   |
|  Notespayable                                                                                                                   |            | 58,175,644      |          |    |  7,118,543 |   |
|      Totalcurrent liabilities                                                                               |            | 75,110,251      |          |    | 18,210,323 |   |
| Long-term debt, net of current portion:                                                                                              |            |            |          |    |   |   |
| Line of credit                                                                                                                       |            | -               |          |    | 9,125,496 |   |
| Notes payable, term                                                                                                                  |            | 848,100         |          |    | 57,206,307 |   |
| Other liabilities                                                                                                                    |            | 1,133,075       |          |    | 939,006 |   |
| Deferred income tax liabilities                                                                                                      |            | 3,874,054       |          |    | 3,937,658 |   |
|      Totalliabilities                                                                                       |            | 80,965,480      |          |    | 89,418,790 |   |
| Shareholders’ equity:                                                                                                          |            |            |          |    |   |   |
|   Commonstock, $1 par value, 20,000,000 shares authorized;  9,987,913and 9,987,913 shares issued and outstanding |            | 9,987,913       |          |    | 9,987,913 |   |
|   Additionalpaid-in capital                                                                                                |            | 22,768,610      |          |    | 22,768,610 |   |
|   Retainedearnings                                                                                                         |            | 19,439,163      |          |    | 19,661,445 |   |
|   Othercomprehensive loss                                                                                                  |            | (675,165        | )             |    | (557,913 | ) |
| Totalshareholders’ equity                                                                                                      |            | 51,520,521      |          |    | 51,860,055 |   |
|  Totalliabilities and shareholders’ equity                                                                                | $               | 132,486,001     |          | $       | 141,278,845 |   |

----

|                                                                     |   | ThreeMonths EndedJuly31, | Nine MonthsEndedJuly31, |   |
|--------------------------------------------------------------------------|--------|--------------------------|------------------------------|--------|
|                                                                     |   |                     | 2009                         |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
| Revenues:                                                                |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
|   Printing                                                     |   | $                        | 20,943,727                   |   | $ | 25,310,637 |   | $ | 65,816,855 |   | $ | 76,773,926 |   |
|   Officeproducts and office furniture                          |   |                     | 9,025,837                    |   |   | 9,796,451 |   |   | 27,369,084 |   |   | 28,314,705 |   |
|   Newspaper                                                    |   |                     | 3,899,621                    |   |   | 4,609,131 |   |   | 12,273,927 |   |   | 14,192,580 |   |
|     Totalrevenues                                    |   |                     | 33,869,185                   |   |   | 39,716,219 |   |   | 105,459,866 |   |   | 119,281,211 |   |
|                                                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
| Cost of sales and newspaper operating costs:                             |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
|   Printing                                                     |   |                     | 15,864,454                   |   |   | 18,211,453 |   |   | 49,543,157 |   |   | 54,480,388 |   |
|   Officeproducts and office furniture                          |   |                     | 6,256,070                    |   |   | 6,804,811 |   |   | 19,377,572 |   |   | 19,824,259 |   |
|   Newspapercost of sales and operating costs                   |   |                     | 2,082,670                    |   |   | 2,428,051 |   |   | 6,655,320 |   |   | 7,037,662 |   |
|     Totalcost of sales and newspaper operating costs |   |                     | 24,203,194                   |   |   | 27,444,315 |   |   | 75,576,049 |   |   | 81,342,309 |   |
| Gross profit                                                             |   |                     | 9,665,991                    |   |   | 12,271,904 |   |   | 29,883,817 |   |   | 37,938,902 |   |
|                                                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
|     Selling,general and administrative expenses      |   |                     | 8,758,148                    |   |   | 9,846,190 |   |   | 27,387,608 |   |   | 29,235,077 |   |
|  Hurricane and relocation costs, net recoveries                     |   |                     | -                       |   |   | -  |   |   | (38,673 | ) |   | -  |   |
| Income from operations                                                   |   |                     | 907,843                      |   |   | 2,425,714 |   |   | 2,534,882 |   |   | 8,703,825 |   |
|                                                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
| Other income benefit (expenses):                                         |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
|      Interest income                                 |   |                     | -                            |   |   | 9,880 |   |   | 2,771 |   |   | 61,115 |   |
|      Interest expense                                |   |                     | (1,449,210                   | )      |   | (1,270,690 | ) |   | (3,718,527 | ) |   | (4,385,648 | ) |
|      Other                                           |   |                     | 14,081                       |   |   | 16,820 |   |   | 48,847 |   |   | 49,734 |   |
|                                                                     |   |                     | (1,435,129                   | )      |   | (1,243,990 | ) |   | (3,666,909 | ) |   | (4,274,799 | ) |
|                                                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
| Income (Loss) before income taxes                                        |   |                     | (527,286                     | )      |   | 1,181,724 |   |   | (1,132,027 | ) |   | 4,429,026 |   |
|      Income tax benefit (expense)                    |   |                     | 561,275                      |   |   | (114,809 | )  |   | 1,509,024 |   |   | (688,947 | ) |
| Net income                                                               |   | $                        | 33,989                       |   | $ | 1,066,915 |   | $ | 376,997 |   | $ | 3,740,079 |   |
|                                                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
| Earnings per share                                                       |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
|      Basic                                           |   | $                        | 0.00                         |   | $ | 0.11 |   | $ | 0.04 |   | $ | 0.37 |   |
|      Diluted                                         |   | $                        | 0.00                         |   | $ | 0.11 |   | $ | 0.04 |   | $ | 0.37 |   |
|                                                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                     |   |                     |                         |   |   |   |   |   |   |   |   |   |   |
|      Basic                                           |   |                     | 9,988,000                    |   |   | 9,988,000 |   |   | 9,988,000 |   |   | 9,986,000 |   |
|      Diluted                                         |   |                     | 9,988,000                    |   |   | 10,023,000 |   |   | 9,988,000 |   |   | 10,036,000 |   |
| Dividends per share                                                      |   | $                        | 0.00                    |   | $ | 0.06 |   | $ | 0.06 |   | $ | 0.18 |   |

----

|                                              |         |      |    |    | Additional |   |                      |       |   Other |    |       |    |
|---------------------------------------------------|--------------|-----------|---------|---------|------------|--------|---------------------------|------------|-------------------|---------|------------|---------|
|                                              | Common Stock |      | Paid-In |    | Retained   |   |   Comprehensive |       |              |    |
|                                              | Shares       |      | Amount  |    | Capital    |   | Earnings                  |       |   Loss  |    | Total      |    |
| Balance,October 31, 2008                          |         | 9,987,913 |    |  $ | 9,987,913  |   |  $                   | 22,768,610 |              |  $ | 19,661,445 |    |  $ | (557,913 | ) |  $ | 51,860,055 |   |
|                                              |         |      |    |    |       |   |                      |       |              |    |       |    |   |   |   |   |   |   |
| Comprehensive income:                             |         |      |    |    |       |   |                      |       |              |    |       |    |   |   |   |   |   |   |
|   Netincome for 2009                    |         | -         |    |    | -          |   |                      | -          |              |    | 376,997    |    |   |  - |   |   | 376,997 |   |
| Other comprehensive loss (net of tax)             |         | -         |    |    | -          |   |                      | -          |              |    | -          |    |   | (117,252 | ) |   | (117,252 | ) |
|     Totalcomprehensive income |         | -         |    |    | -          |   |                      | -          |              |    | 376,997    |    |   | (117,252 | ) |   | 259,745 |   |
|                                              |         |      |    |    |       |   |                      |       |              |    |       |    |   |   |   |   |   |   |
|   Dividends($0.06 per share)            |         | -         |    |    | -          |   |                      | -          |              |    | (599,279   | )  |   |  - |   |   | (599,279 | )  |
|                                              |         |      |    |    |       |   |                      |       |              |    |       |    |   |   |   |   |   |   |
| Balance, July 31, 2009                  |         | 9,987,913 |    | $       | 9,987,913  |   | $                         | 22,768,610 |              | $       | 19,439,163 |    | $ |  (675,165 | )  | $ | 51,520,521 |   |

----

|                                                                          |   | NineMonths Ended July 31, |       |
|-------------------------------------------------------------------------------|--------|---------------------------|------------|
|                                                                          |   | 2009                      |       | 2008 |   |
| Cashflows from operating activities:                                          |   |                      |       |   |   |
| Net income                                                                    |   | $                         | 376,997    |   | $ | 3,740,079 |   |
| Adjustments to reconcile net income to cash provided by operating activities: |   |                      |       |   |   |   |   |
|   Depreciationand amortization                                      |   |                      | 3,931,633  |   |   | 4,033,131 |   |
| Gainon sale of assets                                                         |   |                      | (14,943    | )  |   | (2,254 | ) |
| Deferredincome taxes                                                          |   |                      | 207,473    |   |   | 111,163 |   |
| Deferredfinancing costs                                                       |   |                      | 232,103    |   |   |  232,103 |   |
| Bad debt expense                                                              |   |                      | 619,966    |   |   | 358,244 |   |
| Changes in assets and liabilities:                                            |   |                      |       |   |   |   |   |
|     Accountsreceivable                                    |   |                      | 6,381,758  |   |   | 1,016,231 |   |
|     Inventories                                           |   |                      | 1,417,108  |   |   | (85,704 | ) |
|     Othercurrent assets                                   |   |                      | (328,839   | ) |   | (206,577 | ) |
|     Accountspayable                                       |   |                      | (2,042,492 | )  |   | (962,517 | ) |
|     Accruedpayroll                                        |   |                      | (588,508   | ) |   | 169,308 |   |
|     Taxesaccrued and withheld                             |   |                      | 539,486    |   |   | (304,745 | ) |
|     Incometaxes                                           |   |                      | (1,771,190 | ) |   | 365,844 |   |
|     Accruedexpenses                                       |   |                      | 195,549    |   |   | 19,156 |   |
|     Otherliabilities                                      |   |                      | (1,350     | ) |   | (1,350 | ) |
|     Net cash provided by operating activities                  |   |                      | 9,154,751  |   |   | 8,482,112 |   |
|                                                                          |   |                      |       |   |   |   |   |
| Cashflows from investing activities:                                          |   |                      |       |   |   |   |   |
| Purchases of property and equipment                                           |   |                      | (1,787,074 | ) |   | (2,107,847 | ) |
| Proceeds from sales of property                                               |   |                      | 83,808     |   |   | 148,749 |   |
| Businesses acquired                                                           |   |                      | -          |   |   | (1,616,823 | ) |
| Proceeds from cash surrender value of officers' life insurance                |   |                      | 520,830    |   |   | -  |   |
| Change in other assets                                                        |   |                      | 3,876      |   |   | 50,711 |   |
|      Net cash used in investing activities                |   |                      | (1,178,560 | ) |   | (3,525,210 | ) |
|                                                                          |   |                      |       |   |   |   |   |
| Cashflows from financing activities:                                          |   |                      |       |   |   |   |   |
| Borrowing on line of credit                                                   |   |                      | 600,000    |   |   | - |   |
| Payments on line of credit                                                    |   |                      | (1,000,000 | ) |   | (5,415,000 | ) |
| Proceeds from term debt and leases                                            |   |                      | -          |   |   | 767,852 |   |
| Principal payments on long-term debt                                          |   |                      | (5,883,861 | ) |   | (4,029,754 | ) |
| Proceeds from exercise of stock options                                       |   |                      | -          |   |   | 54,310 |   |
| Dividends paid                                                                |   |                      | (599,279   | ) |   | (1,797,589 | ) |
|      Net cash used in financing activities                |   |                      | (6,883,140 | ) |   | (10,420,181 | ) |
| Net increase (decrease) in cash and cash equivalents                          |   |                      | 1,093,051  |   |   | (5,463,279 | )  |
| Cash and cash equivalents, beginning of period                                |   |                      | (986,704   | ) |   | 5,793,120 |   |
| Cash and cash equivalents, end of period                                      |   | $                         | 106,347    |   | $ | 329,841 |   |

----

|               |   | Fair Value Measurements as of |   |
|--------------------|--------|-------------------------------|--------|
|               |   | July 31, 2009            |   |
|               |   | Level 1                       |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Liabilities:       |   |                          |   |   |   |   |   |   |   |   |   |   |
| Interest rate swap |   | $                             | -      |   |   | $ | 1,125,275 |   |   | $ | - |   |   | $ | 1,125,275 |   |

----

|                                   |   | July31,2009 |       | October31,2008 |   |
|----------------------------------------|--------|-------------|------------|----------------|--------|
| Printing and newspaper:                |   |        |       |           |   |
|     Rawmaterials   |   | $           | 2,816,403  |           | $      | 3,137,060 |   |
|     Workin process |   |        | 1,572,994  |           |   | 1,929,581 |   |
|     Finishedgoods  |   |        | 3,622,808  |           |   | 3,867,023 |   |
| Office products and office furniture   |   |        | 2,584,805  |           |   | 3,080,454 |   |
|                                   |   | $           | 10,597,010 |           | $      | 12,014,118 |   |

|                                   |   | July31,2009 |                                          | October31,2008 |    |
|----------------------------------------|--------|-------------|-----------------------------------------------|----------------|---------|
| Installment notes payable to banks     |   |  $     |       1,166,302 |           |  $ | 749,850 |   |
| Term loan facility with a bank         |   |        | 57,857,442                                    |           |    | 63,575,000 |   |
|                                   |   |        | 59,023,744                                    |           |    | 64,324,850 |   |
| Less current portion                   |   |        | 58,175,644                                    |           |    | 7,118,543 |   |
| Long-term debt, net of current portion |   | $           | 848,100                                       |           | $       | 57,206,307 |   |

----

|                            |   | Payments Due by Fiscal Year |
|---------------------------------|--------|-----------------------------|
| Contractual Obligations         |   | 2009                        |   | 2010 |   | 2011 |   | 2012 |   | 2013 |   |   | Residual |   | Total |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cancelable operating leases |   | $                           | 381,009 |   | $ | 1,098,549 |   | $ | 941,930 |   |  $ | 782,343 |   |  $ | 695,884 |   |  $ | 121,640 |   |  $ | 4,021,355 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revolving line of credit        |   |                        | 8,725,496 |   |   | - |   |   | - |   |   | - |   |   | - |   |   | - |   |   | 8,725,496 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Term debt                       |   |                        | 57,936,124 |   |   | 320,464 |   |   | 314,464 |   |   | 290,573 |   |   | 162,119 |   |   | - |   |   | 59,023,744 |   |
|                            |   | $                           | 67,042,629 |   | $ | 1,419,013 |   | $ | 1,256,394 |   | $ | 1,072,916 |   | $ | 858,003 |   |  $ |     121,640 |   | $ | 71,770,595 |   |

----

----

| 2009 Quarter 3                      | Printing |   |           | Office Products&Furniture |   |   | Newspaper                             |   | Total  |    |
|-------------------------------------|----------|--------|----------------|-------------------------------|--------|--------|---------------------------------------|--------|--------|---------|
|                                |     |   |           |                          |   |   |                                  |   |   |    |   |   |
| Revenues                            |     | $      | 23,421,174     |                          |   | $      | 10,575,598                            |   |   | $       | 3,899,621 |   |   | $ | 37,896,393 |   |
| Elimination of intersegment revenue |     |   | (2,477,447     | )                             |   |   | (1,549,761                            | )      |   |    | -  |   |   |   | (4,027,208 | ) |
| Consolidated revenues               |     | $      | 20,943,727     |                          |   |   | 9,025,837                        |   |   | $       | 3,899,621 |   |   | $ | 33,869,185 |   |
|                                |     |   |           |                          |   |   |                                  |   |   |    |   |   |   |   |   |   |
| Operating income (loss)             |     |   | (210,289       | )                             |   |   | 661,592                               |   |   |    | 456,540 |   |   |   | 907,843 |   |
| Depreciation & amortization     |     |   | 851,308        |                          |   |   | 30,880                                |   |   |    | 426,741 |   |   |   | 1,308,929 |   |
| Capital expenditures                |     |   | 809,359        |                          |   |   | 9,142                                 |   |   |    | 6,953 |   |   |   | 825,454 |   |
| Identifiable assets                 |     |   | 50,435,085     |                          |   |   | 526,240                               |   |   |    | 81,524,676 |   |   |   | 132,486,001 |   |
| Goodwill                            |     |   | 2,226,837      |                          |   |   | 1,230,485                             |   |   |    | 35,437,456 |   |   |   | 38,894,778 |   |
|                           |     |   |           |                          |   |   |                                  |   |   |    |   |   |   |   |   |   |
|                                |     |   |           |                          |   |   |                                  |   |   |    |
| 2008 Quarter 3                      |     |   | Printing  |                          |   |   | Office Products & Furniture  |   |   |    | Newspaper  |   |   |   | Total  |   |
| Revenues                            |     | $      | 28,577,242     |                          |   | $      | 11,803,597                            |   |   |  $ | 4,609,131 |   |   | $ | 44,989,970 |   |
| Elimination of intersegment revenue |     |   | (3,266,605     | )                             |   |   | (2,007,146                            | )      |   |    | - |   |   |   | (5,273,751 | ) |
| Consolidated revenues               |     | $      | 25,310,637     |                          |   | $      | 9,796,451                             |   |   |  $ | 4,609,131 |   |   | $ | 39,716,219 |   |
|                                |     |   |           |                          |   |   |                                  |   |   |    |   |   |   |   |   |   |
| Operating income                    |     |   | 990,242        |                          |   |   | 722,955                               |   |   |    | 712,517 |   |   |   | 2,425,714 |   |
| Depreciation & amortization     |     |   | 887,680        |                          |   |   | 51,952                                |   |   |    | 413,961 |   |   |   | 1,353,593 |   |
| Capital expenditures                |     |   | 910,128        |                          |   |   | 20,667                                |   |   |    | 141,935 |   |   |   | 1,072,730 |   |
| Identifiable assets                 |     |   | 55,413,704     |                          |   |   | 3,492,425                             |   |   |    | 81,137,206 |   |   |   | 140,043,335 |   |
| Goodwill                            |     |   | 2,226,837      |                          |   |   | 1,230,485                             |   |   |    | 35,397,042 |   |   |   | 38,854,364 |   |

----

|                                |   |     |       |
|-------------------------------------|--------|----------|------------|
|                                |   |     |       |
| 2009 Year to Date                   |   | Printing |       |   | Office Products & Furniture |   |   | Newspaper |   |   | Total |   |
|                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Revenues                            |   | $        | 73,665,217 |   |   | $ | 32,363,763 |   |   |  $ | 12,273,927 |   |   | $ | 118,302,907 |   |
| Elimination of intersegment revenue |   |     | (7,848,362 | ) |   |   | (4,994,679 | ) |   |   | -  |   |   |   | (12,843,041 | ) |
| Consolidated revenues               |   | $        | 65,816,855 |   |   | $ | 27,369,084 |   |   |  $ | 12,273,927 |   |   | $ | 105,459,866 |   |
|                                |   |     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)             |   |     | (428,709   | ) |   |   | 1,459,560 |   |   |   | 1,504,031 |   |   |   | 2,534,882 |   |
| Depreciation & amortization     |   |     | 2,525,565  |   |   |   | 126,837 |   |   |   | 1,279,231 |   |   |   | 3,931,633 |   |
| Capital expenditures                |   |     | 2,245,675  |   |   |   | 77,013 |   |   |   | 47,141 |   |   |   | 2,369,829 |   |
| Identifiable assets                 |   |     | 50,435,085 |   |   |   | 526,240 |   |   |   | 81,524,676 |   |   |   | 132,486,001 |   |
| Goodwill                            |   |     | 2,226,837  |   |   |   | 1,230,485 |   |   |   | 35,437,456 |   |   |   | 38,894,778 |   |

|                                |   |     |       |
|-------------------------------------|--------|----------|------------|
|                                |   |     |       |
| 2008 Year to Date                   |   | Printing |       |   | Office Products & Furniture |   |   | Newspaper |   |   | Total |   |
|                                |   |     |       |   |   |   |   |   |   |   |   |   |
| Revenues                            |   | $        | 86,709,185 |   |   | $ | 34,374,794 |   |   |  $ | 14,192,580 |   |   | $ | 135,276,559 |   |
| Elimination of intersegment revenue |   |     | (9,935,259 | ) |   |   | (6,060,089 | ) |   |   | -  |   |   |   | (15,995,348 | ) |
| Consolidated revenues               |   | $        | 76,773,926 |   |   | $ | 28,314,705 |   |   |  $ | 14,192,580 |   |   | $ | 119,281,211 |   |
|                                |   |     |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                    |   |     | 4,179,219  |   |   |   | 1,694,730 |   |   |   | 2,829,876 |   |   |   | 8,703,825 |   |
| Depreciation & amortization     |   |     | 2,647,183  |   |   |   | 163,244 |   |   |   | 1,222,704 |   |   |   | 4,033,131 |   |
| Capital expenditures                |   |     | 1,837,203  |   |   |   | 73,697 |   |   |   | 196,947 |   |   |   | 2,107,847 |   |
| Identifiable assets                 |   |     | 55,413,704 |   |   |   | 3,492,425 |   |   |   | 81,137,206 |   |   |   | 140,043,335 |   |
| Goodwill                            |   |     | 2,226,837  |   |   |   | 1,230,485 |   |   |   | 35,397,042 |   |   |   | 38,854,364 |   |

----

|                                             |   | Three months | Nine months             |
|--------------------------------------------------|--------|--------------|-------------------------|
|                                             |   |         | 2009                    |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
| Revenues:                                        |   |         |                    |   |   |   |   |   |   |   |   |   |   |
| Total segment revenues                           |   | $            | 37,896,393              |   | $ | 44,989,970 |   | $ | 118,302,907 |   | $ | 135,276,559 |   |
| Elimination of intersegment revenue              |   |         | (4,027,208              | ) |   | (5,273,751 | ) |   | (12,843,041 | ) |   | (15,995,348 | ) |
| Consolidated revenue                             |   | $            | 33,869,185              |   | $ | 39,716,219 |   | $ | 105,459,866 |   | $ | 119,281,211 |   |
|                                             |   |         |                    |   |   |   |   |   |   |   |   |   |   |
| Operating income:                                |   |         |                    |   |   |   |   |   |   |   |   |   |   |
|     Totalsegment operating income |   | $            | 907,843                 |   | $ | 2,425,714 |   | $ | 2,534,882 |   | $ | 8,703,825 |   |
|  Interestincome                             |   |         | -                       |   |   | 9,880 |   |   | 2,771 |   |   | 61,115 |   |
| Interest expense                                 |   |         | (1,449,210              | ) |   | (1,270,690 | ) |   | (3,718,527 | ) |   | (4,385,648 | ) |
| Other income                                     |   |         | 14,081                  |   |   | 16,820 |   |   | 48,847 |   |   | 49,734 |   |
| Consolidated income (loss) before income taxes   |   | $            | (527,286                | ) | $ | 1,181,724 |   | $ | (1,132,027 | ) | $ | 4,429,026 |   |
|                                             |   |         |                    |   |   |   |   |   |   |   |   |   |   |
| Identifiable assets:                             |   |         |                    |   |   |   |   |   |   |   |   |   |   |
| Total segment identifiable assets                |   | $            |   132,486,001 |   | $ | 140,043,335 |   | $ |   132,486,001 |   | $ | 140,043,335 |   |
| Elimination of intersegment assets               |   |         | -                       |   |   | - |   |   | - |   |   | - |   |
| Total consolidated assets                        |   | $            | 132,486,001             |   | $ | 140,043,335 |   | $ | 132,486,001 |   |  $ | 140,043,335 |   |

| Instrument      |   |    |  Notional AmountJuly 31, 2009 |  Maturity Date |   |    |  Fair Value at July 31, 2009 |    |    |  Fair Value at October 31, 2008 |   |    |  Gain (loss) in OCI for nine months ending July 31, 2009 |    |    | Balance in accrued liabilities and OCI as at July 31, 2009 (1) |
|------------------------------------------|--------|---------|------------------------------------|---------------------|--------|---------|-----------------------------------|---------|---------|--------------------------------------|--------|---------|---------------------------------------------------------------|---------|---------|--------------------------------------------------------------------------|
| Interest Rate Swap, net of tax      |   | $  | 21,900,000                    | October 29, 2010    |   | $  | (675,165                     | )       | $  |  (557,913)                      |   | $  | (117,252                                                 | )  | $  | (675,165)                                                           |
|  TOTAL                              |   | $  | 21,900,000                    |                |   | $  |  (675,165               | )  | $  |   (557,913)                |   | $  | (117,252                                                 | )  | $  | (675,165 )                                                          |

----

----

----

|                                                                                              |   |   Percentage of Total Revenues |
|---------------------------------------------------------------------------------------------------|--------|------------------------------------------|
|                                                                                              |   | Three Months EndedJuly 31,               | Nine Months EndedJuly 31, |
|                                                                                              |   |                                     | 2009 |   | 2008 |   | 2009 |   | 2008 |   |
| Revenues:                                                                                    |   |                                     |   |   |   |   |      |   |   |   |
|     Printing                                                                       |   |                                     | 61.8 | % | 63.7 | % | 62.4 | % | 64.4 | % |
|     Office products and office furniture                                           |   |                                     | 26.7 |   | 24.7 |   | 26.0 |   | 23.7 |   |
| Newspaper                                                                                         |   |                                     | 11.5 |   | 11.6 |   | 11.6 |   |   11.9 |   |
| Total revenues                                                                                    |   |                                     | 100.00 |   | 100.00 |   | 100.00 |   | 100.00 |   |
| Cost of sales and newspaper operating costs:                                                      |   |                                     |   |   |   |   |   |   |   |   |
|     Printing                                                                       |   |                                     | 46.8 |   | 45.9 |   | 47.0 |   | 45.7 |   |
|     Office products and office furniture                                           |   |                                     | 18.5 |   | 17.1 |   | 18.4 |   | 16.6 |   |
| Newspaper cost of sales and operating costs                                                       |   |                                     | 6.2 |   | 6.1 |   | 6.3 |   | 5.9 |   |
|         Total cost of sales and newspaper operating costs |   |                                     | 71.5 |   | 69.1 |   | 71.7 |   | 68.2 |   |
|     Gross profit                                                                   |   |                                     | 28.5 |   | 30.9 |   | 28.3 |   | 31.8 |   |
| Selling, general and administrative expenses                                                      |   |                                     | 25.8 |   | 24.8 |   | 26.0 |   | 24.5 |   |
| Hurricane and relocation costs, net of recoveries                                            |   |                                     | 0.0 |   |  0.0 |   | (0.1 | ) |  0.0 |   |
| Income from operations                                                                            |   |                                     | 2.7 |   | 6.1 |   | 2.4 |   | 7.3 |   |
| Interest income                                                                                   |   |                                     | 0.0 |   | 0.0 |   | 0.0 |   | 0.1 |   |
| Interest expense                                                                                  |   |                                     | (4.3 | )  | (3.2 | ) | (3.5 | ) | (3.7 | ) |
| Other income                                                                                      |   |                                     | 0.0 |   | 0.1 |   | 0.0 |   | 0.0 |   |
| Income (loss) before taxes                                                                        |   |                                     | (1.6 | )  | 3.0 |   | (1.1 | ) | 3.7 |   |
| Income tax benefit (expense)                                                            |   |                                     | 1.7 |   | (0.3 | ) | 1.5 |   | (0.6 | ) |
| Net income                                                                                        |   |                                     | 0.1 | % | 2.7 | % | 0.4 | % | 3.1 | % |

----

----

----

----

----

----

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

|   (10.1)        |  $600,000 Promissory Note between Champion Industries, Inc. and First Sentry Bank dated June 10, 2009                                                                   |   |  Exhibit 10.1 Page 10.1-p 1        |
|--------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|
|  (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: September 10, 2009  | /s/ Marshall T. Reynolds                          |
|--------------------------------|---------------------------------------------------|
|                           | Marshall T. Reynolds                         |
|                           | Chief Executive Officer                      |
|                           |                                              |
|                           |                                              |
| Date: September 10, 2009       | /s/ Toney K. Adkins                          |
|                           | Toney K. Adkins                              |
|                           | President and Chief Operating Officer        |
|                           |                                              |
|                           |                                              |
| Date: September 10, 2009  | /s/ Todd R. Fry                              |
|                           | Todd R. Fry                                  |
|                           | Senior Vice President and Chief Financial Officer |

----