| 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 January 31, 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 | 16             |
|   Item 3.  Quantitative and Qualitative Disclosure About Market Risk                                        | 20             |
|   Item 4.  Controls and Procedures                                                                          | 20             |
|  Part II. Other Information                                                                                      |           |
|   Item 1A.  Risk Factors                                                                                    | 21             |
|   Item 6.  Exhibits                                                                                         | 21             |
|  Signatures                                                                                                           | 22             |

----

| ASSETS                                                                                      |   | January 31,     |   |   |   | October 31,   |    |
|---------------------------------------------------------------------------------------------|--------|-----------------|--------|--------|--------|---------------|---------|
|                                                                                        |   | 2011(Unaudited) |   |   |   | 2010(Audited) |    |
| Current assets:                                                                             |   |            |   |   |   |          |    |
|      Accounts receivable, net of allowance of $1,099,000 and $1,297,000 | $      | 18,163,402      |   |   | $      | 18,133,748    |    |
|      Inventories                                                   |   | 9,288,266       |   |   |   | 9,690,333     |    |
|  Income tax refund                                                                     |   | -               |   |   |   | 36,293        |    |
|      Other current assets                                               |   | 1,375,938       |   |   |   | 652,178       |    |
|      Deferred income tax assets                                         |   | 1,144,519       |   |   |   | 1,144,519     |    |
|      Total current assets                                          |   | 29,972,125      |   |   |   | 29,657,071    |    |
|                                                                                        |   |            |   |   |   |          |    |
|      Property and equipment, at cost:                                   |   |            |   |   |   |          |    |
|      Land                                                          |   | 2,016,148       |   |   |   | 2,016,148     |    |
|      Buildings and improvements                                    |   | 11,860,349      |   |   |   | 11,843,376    |    |
|      Machinery and equipment                                       |   | 55,095,709      |   |   |   | 55,025,237    |    |
|      Furniture and fixtures                                        |   | 4,188,751       |   |   |   | 4,171,194     |    |
|      Vehicles                                                      |   | 3,308,978       |   |   |   | 3,266,898     |    |
|                                                                                        |   | 76,469,935      |   |   |   | 76,322,853    |    |
|      Less accumulated depreciation                                 |   | (54,731,538     | )      |   |   | (53,949,280   | )  |
|                                                                                        |   | 21,738,397      |   |   |   | 22,373,573    |    |
|                                                                                        |   |            |   |   |   |          |    |
|     Goodwill                                                            |   | 15,332,283      |   |   |   | 15,332,283    |    |
| Deferred financing costs                                                                    |   | 1,161,643       |   |   |   | 1,267,174     |    |
|     Other intangibles, net of accumulated amortization                  |   | 5,085,082       |   |   |   | 5,195,361     |    |
|   Trademark and masthead                                                     |   | 10,001,812      |   |   |   | 10,001,812    |    |
|     Deferred tax asset, net of current portion                          |   | 8,370,151       |   |   |   | 8,370,151     |    |
|     Other assets                                                             |   | 35,270          |   |   |   | 36,561        |    |
|                                                                                        |   | 39,986,241      |   |   |   | 40,203,342    |    |
|     Total assets                                                        | $      | 91,696,763      |   |   | $      | 92,233,986    |    |

----

| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                               | January 31,     |       | October 31,   |    |
|--------------------------------------------------------------------------------------------------------------------------|-----------------|------------|---------------|---------|
|                                                                                                                     | 2011(Unaudited) |       | 2010(Audited) |    |
| Current liabilities:                                                                                                     |            |       |          |    |   |   |
|     Negative book cash balances                                                                           |  $         | 2,202,315  |          |  $ | 1,013,713 |   |
|   Accounts payable                                                                                             |            | 3,328,994  |          |    | 4,116,087 |   |
|     Deferred revenue                                                                                      |            | 904,295    |          |    | 720,549  |   |
|   Accrued payroll and commissions                                                                              |            | 1,491,551  |          |    | 2,115,922 |   |
|   Taxes accrued and withheld                                                                                   |            | 1,040,198  |          |    | 1,125,726 |   |
|   Accrued expenses                                                                                             |            | 1,983,246  |          |    | 1,930,327 |   |
|     Accrued income taxes                                                                                  |            | 29,612     |          |    | - |   |
|   Current portion of long-term debt:                                                                           |            |       |          |    |   |   |
|      Notes payable                                                                                   |            | 5,519,903  |          |    | 5,484,842 |   |
|     Total current liabilities                                                                        |            | 16,500,114 |          |    | 16,507,166 |   |
|                                                                                                                     |            |       |          |    |   |   |
| Long-term debt, net of current portion:                                                                                  |            |       |          |    |   |   |
|     Line of credit                                                                                        |            | 11,101,742 |          |    | 10,425,496  |   |
|    Notes payable                                                                                               |            | 40,594,312 |          |    | 41,873,500 |   |
|     Other liabilities                                                                                     |            | 5,100      |          |    | 5,550 |   |
|     Total liabilities                                                                                |            | 68,201,268 |          |    | 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                                                                                             |            | (9,261,028 | )             |    | (9,334,249 | )  |
| Total shareholders’ equity                                                                                         |            | 23,495,495 |          |    | 23,422,274 |   |
|  Total liabilities and shareholders’ equity                                                                   | $               | 91,696,763 |          | $       | 92,233,986 |   |

----

|                                                                      |   | Three Months EndedJanuary 31, |           |
|---------------------------------------------------------------------------|--------|-------------------------------|----------------|
|                                                                      |   |                          | 2011           |   |   | 2010 |   |
| Revenues:                                                                 |   |                          |           |   |   |   |   |
|   Printing                                                      |   | $                             | 19,558,178     |   | $ | 19,749,471 |   |
|   Office products and office furniture                          |   |                          | 8,339,302      |   |   | 8,261,714 |   |
|   Newspaper                                                     |   |                          | 4,007,675      |   |   | 4,376,061 |   |
|     Total revenues                                    |   |                          | 31,905,155     |   |   | 32,387,246 |   |
|                                                                      |   |                          |           |   |   |   |   |
| Cost of sales and newspaper operating costs:                              |   |                          |           |   |   |   |   |
|   Printing                                                      |   |                          | 15,120,842     |   |   | 14,721,374 |   |
|   Office products and office furniture                          |   |                          | 6,099,486      |   |   | 5,931,021 |   |
|   Newspaper cost of sales and operating costs                   |   |                          | 2,175,222      |   |   | 2,128,606 |   |
|     Total cost of sales and newspaper operating costs |   |                          | 23,395,550     |   |   | 22,781,001 |   |
| Gross profit                                                              |   |                          | 8,509,605      |   |   | 9,606,245 |   |
|                                                                      |   |                          |           |   |   |   |   |
|     Selling, general and administrative expenses      |   |                          | 7,216,662      |   |   | 8,716,644 |   |
| Restructuring charges                                                     |   |                          |   220,658 |   |   | - |   |
|                                                                      |   |                          |           |   |   |   |   |
| Income from operations                                                    |   |                          | 1,072,285      |   |   | 889,601 |   |
|                                                                      |   |                          |           |   |   |   |   |
| Other income (expenses):                                                  |   |                          |           |   |   |   |   |
|      Interest expense                                 |   |                          | (968,822       | ) |   | (1,569,812 | ) |
|      Other                                            |   |                          | 16,681         |   |   | 304,581 |   |
|                                                                      |   |                          | (952,141       | ) |   | (1,265,231 | )  |
|                                                                      |   |                          |           |   |   |   |   |
| Income (loss) before income taxes                                    |   |                          | 120,144        |   |   | (375,630 | )  |
|      Income tax (expense) benefit                     |   |                          | (46,923        | ) |   | 162,944 |   |
| Net income (loss)                                                         |   | $                             | 73,221         |   | $ | (212,686 | )  |
|                                                                      |   |                          |           |   |   |   |   |
| Income (loss) per share                                                   |   |                          |           |   |   |   |   |
|      Basic                                            |   | $                             | 0.01           |   | $ | (0.02 | )  |
|      Diluted                                          |   | $                             | 0.01           |   | $ | (0.02 | )  |
|                                                                      |   |                          |           |   |   |   |   |
| Weighted average shares outstanding:                                      |   |                          |           |   |   |   |   |
|      Basic                                            |   |                          | 9,988,000      |   |   | 9,988,000 |   |
|      Diluted                                          |   |                          | 9,988,000      |   |   | 9,988,000 |   |
| Dividends per share                                                       |   | $                             | -              |   | $ | - |   |

----

|                                               |         |      |    |    | Additional |   |                      |       |   Other |    |       |   |
|----------------------------------------------------|--------------|-----------|---------|---------|------------|--------|---------------------------|------------|-------------------|---------|------------|--------|
|                                               | Common Stock |      | Paid-In |    | Retained   |   |   Comprehensive |       |              |    |
|                                               | Shares       |      | Amount  |    | Capital    |   | Deficit                   |       |   Loss  |    | Total      |   |
| Balance, October 31, 2010                          |         | 9,987,913 |    |  $ | 9,987,913  |   |  $                   | 22,768,610 |              |  $ | (9,334,249 | )      |  $ | - |   |  $ | 23,422,274 |   |
|                                               |         |      |    |    |       |   |                      |       |              |    |       |   |   |   |   |   |   |   |
| Comprehensive income:                              |         |      |    |    |       |   |                      |       |              |    |       |   |   |   |   |   |   |   |
|   Net Income                        |         | -         |    |    | -          |   |                      | -          |              |    | 73,221     |   |   |  - |   |   | 73,221 |   |
|     Total comprehensive income |         | -         |    |    | -          |   |                      | -          |              |    | 73,221     |   |   | - |   |   | 73,221 |   |
|                                               |         |      |    |    |       |   |                      |       |              |    |       |   |   |   |   |   |   |   |
|                                               |         |      |    |    |       |   |                      |       |              |    |       |   |   |   |   |   |   |   |
| Balance, January 31, 2011                |         | 9,987,913 |    | $       | 9,987,913  |   | $                         | 22,768,610 |              | $       | (9,261,028 | )      | $ | - |   | $ | 23,495,495 |   |

----

|                                                                                                |   | Three Months Ended January 31, |        |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------|-------------|
|                                                                                                |   | 2011                                |        | 2010 |   |
| Cash flows from operating activities:                                                               |   |                                |        |   |   |
| Net income (loss)                                                                                   |   | $                                   | 73,221      |   | $ | (212,686 | ) |
| Adjustments to reconcile net income (loss) to cash (used in) provided by operating activities: |   |                                |        |   |   |   |   |
|   Depreciation and amortization                                                           |   |                                | 1,010,330   |   |   | 1,217,641 |   |
| (Gain) on sale of assets                                                                            |   |                                | (2,459      | ) |   | (1,075 | ) |
|     Deferred income taxes                                                            |   |                                | -           |   |   | 455,333 |   |
| Deferred financing costs                                                                            |   |                                | 105,530     |   |   | 77,368 |   |
| Bad debt expense                                                                                    |   |                                | 21,497      |   |   | 102,966 |   |
|     Restructuring charges                                                            |   |                                | 249,509     |   |   | - |   |
|    (Gain) on hedging agreements                                                      |   |                                | -           |   |   | (284,079) |   |
|     Changes in assets and liabilities:                                          |   |                                |        |   |   |   |   |
|     Accounts receivable                                                         |   |                                | (51,150)    |   |   | 629,633 |   |
|     Inventories                                                                 |   |                                | 402,067     |   |   | 581,920 |   |
|     Other current assets                                                        |   |                                | (723,760    | ) |   | (336,060 | ) |
|     Accounts payable                                                            |   |                                | (2,009,202  | ) |   | 1,656,570 |   |
|     Accrued payroll and commission                                              |   |                                | (624,372    | ) |   | (665,595 | ) |
|             Deferred revenue            |   |                                | 51,522      |   |   |   |   |
|     Taxes accrued and withheld                                                  |   |                                | (85,528     | ) |   | 302,904 |   |
|     Income taxes                                                                |   |                                | 65,905      |   |   | (610,892 | ) |
|     Accrued expenses                                                            |   |                                | 1,157,743   |   |   | 119,172 |   |
|     Other liabilities                                                           |   |                                | (450        | ) |   | (450 | ) |
|      Net cash (used in) provided by operating activities                        |   |                                | (359,597    | ) |   | 3,032,670 |   |
|                                                                                                |   |                                |        |   |   |   |   |
| Cash flows from investing activities:                                                               |   |                                |        |   |   |   |   |
| Purchases of property and equipment                                                                 |   |                                | (150,546    | ) |   | (107,203 | ) |
| Proceeds from sales of fixed assets                                                                 |   |                                | 24,326      |   |   | 9,392 |   |
| Change in other assets                                                                              |   |                                | 1,291       |   |       | 1,292 |   |
|      Net cash used in investing activities                                      |   |                                | (124,929    | ) |   | (96,519 | ) |
|                                                                                                |   |                                |        |   |   |   |   |
| Cash flows from financing activities:                                                               |   |                                |        |   |   |   |   |
| Borrowing on line of credit                                                                         |   |                                | 14,860,000  |   |   | 8,520,000 |   |
| Payments on line of credit                                                                          |   |                                | (14,160,000 | ) |   | (7,960,000 | ) |
| Increase in negative book cash balances                                                             |   |                                | 1,188,603   |   |   | 670,812 |   |
| Principal payments on long-term debt                                                                |   |                                | (1,404,077  | ) |   | (5,326,245 | ) |
| Dividends paid                                                                                      |   |                                | -           |   |   | - |   |
|      Net cash provided by (used in) financing activities                        |   |                                | 484,526     |   |   | (4,095,433 | ) |
| 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                                                            |   | $                                   | -           |   | $ | - |   |

----

----

|                                                                                    |  January 31,2011 |            | October 31,2010 |
|-----------------------------------------------------------------------------------------|-----------------------|-----------------|-----------------|
|  Printing and newspaper:                                                           |                  |            |            |   |   |
|             Raw materials        |  $               |  2,543,686 |            |  $ |  2,897,036 |
|             Work in process |                  |  1,149,234 |            |   |  1,130,291 |
|             Finished goods       |                  |  3,262,605 |            |   |  3,451,815 |
|  Office products and office furniture                                              |                  |  2,332,741 |            |   |  2,211,191 |
|                                                                                    |  $               |  9,288,266 |            |  $ |  9,690,333 |

|                                                 |   | January 31, |       | October 31, |    |
|------------------------------------------------------|--------|-------------|------------|-------------|---------|
|                                                 |   | 2011        |       | 2010        |    |
| Installment notes payable to banks & shareholder |   |  $     | 4,281,237  |        |  $ | 4,300,364 |   |
| Term loan facility with syndicate of banks           |   |        | 41,832,978 |        |    | 43,057,978 |   |
|                                                 |   |        | 46,114,215 |        |    | 47,358,342 |   |
| Less current portion                                 |   |        | 5,519,903  |        |    | 5,484,842 |   |
| Long-term debt, net of current portion               |   | $           | 40,594,312 |        | $       | 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 |   | $                           |     926,431 |   | $ | 1,042,154  |   | $ | 1,036,454  |   |  $ | 887,296  |   |  $ | 313,052  |   |  $ | 5,620  |   |  $ | 4,211,007  |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revolving line of credit        |   |                        | - |   |   | 11,101,742 |   |   | - |   |   | - |   |   | - |   |   |  - |   |   | 11,101,742 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Term debt                       |   |                        | 4,158,224 |   |   | 5,402,893 |   |   | 33,483,083 |   |   | 3,070,015 |   |   | -  |   |   |  - |   |   | 46,114,215  |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   | $                           |    5,084,655  |   | $ | 17,546,789  |   | $ | 34,519,537  |   | $ | 3,957,311  |   |  $ | 313,052  |   |  $ | 5,620  |   |  $ | 61,426,964  |   |

----

| 2011 Quarter 1                      |   | Printing |       |   | Office Products & Furniture |   |       | Newspaper |   |   | Total      |   |
|-------------------------------------|--------|----------|------------|--------|---------------------------------|--------|------------|-----------|--------|--------|------------|--------|
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |
| Revenues                            |   | $        | 21,082,580 |   |                            | $      | 9,993,003  |      |   | $      | 4,007,675  |   |   | $ | 35,083,258 |   |
| Elimination of intersegment revenue |   |     | (1,524,402 | )      |                            |   | (1,653,701 | )         |   |   | -          |   |   |   | (3,178,103 | ) |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
| Consolidated revenues               |   | $        | 19,558,178 |   |                            | $      | 8,339,302  |      |   | $      | 4,007,675  |   |   | $ | 31,905,155 |   |
| Operating income (loss)             |   |     | (109,653   | )      |                            |   | 345,729    |      |   |   | 836,209    |   |   |   | 1,072,285 |   |
| Depreciation & amortization     |   |     | 692,329    |   |                            |   | 33,872     |      |   |   | 284,129    |   |   |   | 1,010,330 |   |
| Capital expenditures                |   |     | 252,212    |   |                            |   | 17,557     |      |   |   | 16,973     |   |   |   | 286,742 |   |
| Identifiable assets                 |   |     | 39,222,493 |   |                            |   | 6,660,642  |      |   |   | 35,241,161 |   |   |   | 81,124,296 |   |
| Goodwill                            |   |     | 2,226,837  |   |                            |   | 1,230,485  |      |   |   | 11,874,961 |   |   |   | 15,332,283 |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
| 2010 Quarter1                       |   | Printing |       |   | Office Products and Furniture   |   |       | Newspaper |   |   | Total      |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
| Revenues                            |   | $        | 22,396,030 |   |                            | $      | 9,892,392  |      |   | $      | 4,376,061  |   |   | $ | 36,664,483 |   |
| Elimination of intersegment revenue |   |     | (2,646,559 | )      |                            |   | (1,630,678 | )         |   |   | -          |   |   |   | (4,277,237 | ) |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
| Consolidated revenues               |   | $        | 19,749,471 |   |                            | $      | 8,261,714  |      |   | $      | 4,376,061  |   |   | $ | 32,387,246 |   |
| Operating income (loss)             |   |     | (494,561   | )      |                            |   | 369,251    |      |   |   | 1,014,911  |   |   |   | 889,601 |   |
| Depreciation & amortization     |   |     | 786,190    |   |                            |   | 37,833     |      |   |   | 393,618    |   |   |   | 1,217,641 |   |
| Capital expenditures                |   |     | 181,079    |   |                            |   | 4,046      |      |   |   | 25,341     |   |   |   | 210,466 |   |
| Identifiable assets                 |   |     | 42,942,206 |   |                            |   | 6,987,433  |      |   |   | 36,478,631 |   |   |   | 86,408,270 |   |
| Goodwill                            |   |     | 2,226,837  |   |                            |   | 1,230,485  |      |   |   | 11,874,961 |   |   |   | 15,332,283 |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |
|                                |   |     |       |   |                            |   |       |      |   |   |       |   |   |   |   |   |

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|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|-----------------------------------------------------|--------|--------------------------------|-------------------------------------------------------------------------------|--------|--------|--------|-------------------------------------------------------------------------------|---------|
|                                                |   | Three months ended January 31, |                                                                          |
|                                                |   |                           |              2011 |   |   |   |              2010 |    |
| Revenues:                                           |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Total segment revenues                  |   | $                              | 35,083,258                                                                    |   |   | $      | 36,664,483                                                                    |    |
|   Elimination of intersegment revenue     |   |                           | (3,178,103                                                                    | )      |   |   | (4,277,237                                                                    | )  |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Consolidated revenue                    |   | $                              | 31,905,155                                                                    |   |   | $      | 32,387,246                                                                    |    |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
| Operating Income:                                   |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Total segment operating income          |   | $                              | 1,072,285                                                                     |   |   | $      | 889,601                                                                       |    |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Interest income                         |   |                           | -                                                                             |   |   |   | -                                                                             |    |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Interest expense                        |   |                           | (968,822                                                                      | )      |   |   | (1,569,812                                                                    | )  |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Other income                            |   |                           | 16,681                                                                        |   |   |   | 304,581                                                                       |    |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
| Consolidated income (loss) before income taxes |   | $                              | 120,144                                                                       |   |   | $      | (375,630                                                                      | )  |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
| Identifiable assets:                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Total segment identifiable assets       |   | $                              | 81,124,296                                                                    |   |   | $      | 86,408,270                                                                    |    |
|   Assets not allocated to a segment       |   |                           | 10,572,467                                                                    |   |   |   | 11,537,289                                                                    |    |
|                                                |   |                           |                                                                          |   |   |   |                                                                          |    |
|   Total consolidated assets               |   | $                              | 91,696,763                                                                    |   |   | $      | 97,945,559                                                                    |    |

----

|                               |   |  Fair Value Measurements as of January 31, 2011 and 2010  |          |
|------------------------------------|--------|---------------------------------------------------------------------|---------------|
|  Liabilities:                 |   |  Level 1                                                       |          |   |  Level 2 |   |   |  Level 3 |   |   |  Total |   |
|  Interest rate swap at (2011) |   |  $                                                             |  -  |   |   |  $ | -  |   |   |  $  |  -  |   |   | $  |  - |   |
|  Interest rate swap at (2010) |   |  $                                                             | -             |   |   | $ | 678,814 |   |   |  $ | - |   |   | $ | 678,814 |   |

|                                                               |    |                                           |    |                               |    |                       |
|--------------------------------------------------------------------|---------|------------------------------------------------|---------|------------------------------------|---------|----------------------------|
|                                                               |    |  Three Months EndedJanuary 31, 2011  |    | Three Months EndedJanuary 31, 2010 |    |  Cumulative Total     |
|  Occupancy related costs                                      |  $ |  123,553                                  |  $ |  -                            |  $ |  1,296,728            |
|  Costs incurred to streamline production, personnel and other |    |    97,105                            |    |  -                            |    |     564,726 |
|  Inventory                                               |    |    28,851                       |    |  -                            |    |     200,380 |
|  Total                                                        |  $ | 249,509                                        |  $ |  -                            |  $ |  2,061,834            |
|                                                               |    |                                           |    |                               |    |                       |

|                                    |    |  Occupancy 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                      |    |    (88,291)               |    | (79,413)                                                           |    |    (167,704) |
|                                    |    |                                |    |                                                               |    |                   |
|  Balance at January 31, 2011  |  $ | 1,072,810                           |  $ | 26,154                                                             |  $ |  1,098,964        |

----

|                                                                                              |   | Three Months Ended January 31($ In thousands) |
|---------------------------------------------------------------------------------------------------|--------|-----------------------------------------------|
|                                                                                              |   |                                          | 2011 |   |   | 2010 |   |
| Revenues:                                                                                         |   |                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Printing                                                                       |   | $                                             | 19,558 |   |   | 61.3 | % | $ | 19,749 |   |   | 61.0 |  % |
|     Office products and office furniture                                           |   |                                          | 8,339 |   |   | 26.1 |   |   | 8,262 |   |   | 25.5 |   |
|     Newspaper                                                                      |   |                                          | 4,008 |   |   | 12.6 |   |   | 4,376 |   |   | 13.5 |   |
| Total revenues                                                                                    |   |                                          | 31,905 |   |   | 100.0 |   |   | 32,387 |   |   | 100.0 |   |
| Cost of sales and newspaper operating costs:                                                      |   |                                          |   |   |   |   |   |   |   |   |   |   |   |
|     Printing                                                                       |   |                                          | 15,121 |   |   | 47.4 |   |   | 14,721 |   |   | 45.4 |   |
|     Office products and office furniture                                           |   |                                          | 6,099 |   |   | 19.1 |   |   | 5,931 |   |   | 18.3 |   |
| Newspaper cost of sales and operating costs                                                       |   |                                          | 2,175 |   |   | 6.8 |   |   | 2,129 |   |   | 6.6 |   |
|         Total cost of sales and newspaper operating costs |   |                                          | 23,395 |   |   | 73.3 |   |   | 22,781 |   |   | 70.3  |   |
|     Gross profit                                                                   |   |                                          | 8,510 |   |   | 26.7 |   |   | 9,606 |   |   | 29.7 |   |
| Selling, general and administrative expenses                                                      |   |                                          | 7,216 |   |   | 22.6 |   |   | 8,717 |   |   | 26.9 |   |
| Restructuring charges                                                                             |   |                                          |  221 |   |   |  0.7 |   |   | - |   |   |  - |   |
| Income from operations                                                                            |   |                                          | 1,073 |   |   | 3.4 |   |   | 889 |   |   | 2.8 |   |
|     Interest expense                                                               |   |                                          |  (969 | )  |   |  (3.0 | )  |   |  (1,570 | )  |   |  (4.9 | )  |
| Other income                                                                                      |   |                                          | 16 |   |   | 0.0 |   |   | 305 |   |   | 0.9 |   |
| Income (loss) before taxes                                                                        |   |                                          | 120 |   |   | 0.4 |   |   | (376 | ) |   | (1.2 | ) |
| Income tax (expense) benefit                                                                      |   |                                          | (47 | )  |   | (0.2 | ) |   | 163 |   |   | 0.5 |   |
| Net income (loss)                                                                                 |   |  $                                       | 73 |   |   | 0.2 | % |  $ | (213 | ) |   | (0.7 | )% |

----

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|   | 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: March 11, 2011 | /s/ Marshall T. Reynolds                          |
|----------------------|---------------------------------------------------|
|                 | Marshall T. Reynolds                              |
|                 | Chief Executive Officer                           |
|                 |                                              |
|                 |                                              |
| Date: March 11, 2011 | /s/ Toney K. Adkins                               |
|                 | Toney K. Adkins                                   |
|                 | President and Chief Operating Officer             |
|                 |                                              |
|                 |                                              |
| Date: March 11, 2011 | /s/ Todd R. Fry                                   |
|                 | Todd R. Fry                                       |
|                 | Senior Vice President and Chief Financial Officer |

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