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

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

|  Class                                   |   |  Outstanding at July 31, 2010 |
|-----------------------------------------------|--------|------------------------------------|
|  Common stock, $1.00 par value per share |   |  9,987,913 shares             |

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|                                                                                                                       |  Page No. |
|----------------------------------------------------------------------------------------------------------------------------|----------------|
|  Part I.   Financial Information                                                                       |           |
|   Item 1.  Financial Statements                                                                             |           |
|     Consolidated Balance Sheets (Unaudited)                                                            | 3              |
|     Consolidated Statements of Operations (Unaudited)                                             | 5              |
|  Consolidated Statements of Shareholders' Equity (Unaudited)                                                          | 6              |
|     Consolidated Statements of Cash Flows (Unaudited)                                                  | 7              |
|     Notes to Consolidated Financial Statements                                                         | 8              |
|   Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17             |
|   Item 3a.  Quantitative and Qualitative Disclosure About Market Risk                                       | 23             |
|   Item 4T.  Controls and Procedures                                                                         | 23             |
|  Part II. Other Information                                                                                      |           |
|   Item 1A.  Risk Factors                                                                                    | 24             |
|   Item 6.  Exhibits                                                                                         | 24             |
|  Signatures                                                                                                           | 25             |

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| ASSETS                                                                                     |   | July 31,        |   |   |    | October 31,     |   |
|--------------------------------------------------------------------------------------------|--------|-----------------|--------|--------|---------|-----------------|--------|
|                                                                                       |   | 2010(Unaudited) |   |   |    | 2009(Audited)   |   |
| Current assets:                                                                            |   |            |   |   |    |            |   |
|      Cash and cash equivalents                                         | $      |            |   |   | $  | 1,159,282  |   |
|     Accounts receivable, net of allowance of $1,293,000 and $1,353,000 |   | 17,482,262      |   |   |    | 18,424,310      |   |
|      Inventories                                                  |   | 9,991,977       |   |   |    | 11,161,977      |   |
|  Income tax refund                                                                    |   | 178,263         |   |   |    | 1,911,400       |   |
|      Other current assets                                              |   | 926,906         |   |   |    | 925,120         |   |
|      Deferred income tax assets                                        |   | 1,555,366       |   |   |    | 1,000,847       |   |
|      Total current assets                                         |   | 30,134,774      |   |   |    | 34,582,936      |   |
|                                                                                       |   |            |   |   |    |            |   |
|      Property and equipment, at cost:                                  |   |            |   |   |    |            |   |
|      Land                                                         |   | 2,016,148       |   |   |    | 2,016,148       |   |
|      Buildings and improvements                                   |   | 11,840,452      |   |   |    | 11,806,238      |   |
|      Machinery and equipment                                      |   | 56,967,326      |   |   |    | 57,481,742      |   |
|      Furniture and fixtures                                       |   | 4,145,100       |   |   |    | 4,129,537       |   |
|      Vehicles & other                                         |   | 3,116,338       |   |   |    | 3,145,772       |   |
|                                                                                       |   | 78,085,364      |   |   |    | 78,579,437      |   |
|      Less accumulated depreciation                                |   | (55,095,513     | )      |   |    | (53,170,108     | )      |
|                                                                                       |   | 22,989,851      |   |   |    | 25,409,329      |   |
|                                                                                       |   |            |   |   |    |            |   |
|     Goodwill                                                           |   | 15,332,283      |   |   |    | 15,332,283      |   |
| Deferred financing costs                                                                   |   | 1,372,704       |   |   |    | 1,199,199       |   |
|     Other intangibles, net of accumulated amortization                 |   | 5,307,891       |   |   |    | 5,645,078       |   |
|   Trademark & masthead                                                       |   | 10,001,812      |   |   |    | 10,001,812      |   |
|      Deferred tax asset, net of current portion                        |   | 8,438,539       |   |   |    | 8,799,518  |   |
|      Other assets                                                      |   | 37,854          |   |   |    | 51,738          |   |
|                                                                                       |   | 40,491,083      |   |   |    | 41,029,628      |   |
|     Total assets                                                       | $      | 93,615,708      |   |   | $       | 101,021,893     |   |

----

| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                | July 31,        |        | October 31,   |    |
|---------------------------------------------------------------------------------------------------------------------------|-----------------|-------------|---------------|---------|
|                                                                                                                      | 2010(Unaudited) |        | 2009(Audited) |    |
|  Current liabilities:                                                                                                |            |        |          |    |   |   |
|      Notes Payable, line of credit                                                                    |  $         | -           |          |  $ | 8,725,496  |   |
|      Negative book cash balances                                                                 |            | 2,058,264   |          |    | -  |   |
|      Accounts payable                                                                                 |            | 5,437,496   |          |    | 4,637,199 |   |
|      Accrued payroll and commissions                                                                  |            | 1,937,666   |          |    | 2,392,971 |   |
|      Taxes accrued and withheld                                                                       |            | 1,288,634   |          |    | 1,391,718 |   |
|      Accrued expenses                                                                                 |            | 1,680,314   |          |    | 2,027,266 |   |
|      Other current liabilities                                                                   |            | 223,229     |          |    | 962,893 |   |
|      Current portion of long-term debt:                                                               |            |        |          |    |   |   |
|       Notes payable                                                                              |            | 5,407,864   |          |    |  57,024,424 |   |
|      Total current liabilities                                                                   |            | 18,033,467  |          |    | 77,161,967 |   |
| Long-term debt, net of current portion:                                                                                   |            |        |          |    |   |   |
| Line of credit                                                                                                            |            | 9,745,496   |          |    | - |   |
| Notes payable, term                                                                                                       |            | 43,073,077  |          |    | 918,436 |   |
|         Other liabilities                                                              |            | 6,000       |          |    | 7,350 |   |
|      Total liabilities                                                                           |            | 70,858,040  |          |    | 78,087,753 |   |
| 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                                                                                              |            | (10,272,206 | )             |    | (9,822,383 | ) |
|   Other comprehensive income                                                                                    |            | 273,351     |          |    | - |   |
| Total shareholders’ equity                                                                                          |            | 22,757,668  |          |    | 22,934,140 |   |
|  Total liabilities and shareholders’ equity                                                                    | $               | 93,615,708  |          | $       | 101,021,893 |   |

----

|                                                                      |   | Three Months EndedJuly 31, | Nine Months EndedJuly 31, |   |
|---------------------------------------------------------------------------|--------|----------------------------|--------------------------------|--------|
|                                                                      |   |                       |                           |   |   |  (Restated) |   |   |   |   |   |  (Restated) |   |
|                                                                      |   |                       | 2010                           |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Revenues:                                                                 |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
|   Printing                                                      |   | $                          | 19,660,226                     |   | $ | 21,430,743 |   | $ | 61,126,093 |   | $ | 67,743,875 |   |
|   Office products and office furniture                          |   |                       | 8,643,039                      |   |   | 9,025,837 |   |   | 25,257,332 |   |   | 27,369,084 |   |
|   Newspaper                                                     |   |                       | 3,585,861                      |   |   | 3,899,621 |   |   | 11,632,293 |   |   | 12,273,927 |   |
|     Total revenues                                    |   |                       | 31,889,126                     |   |   | 34,356,201 |   |   | 98,015,718 |   |   | 107,386,886 |   |
|                                                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
| Cost of sales and newspaper operating costs:                              |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
|   Printing                                                      |   |                       | 14,540,953                     |   |   | 16,351,470 |   |   | 44,752,169 |   |   | 51,470,177 |   |
|   Office products and office furniture                          |   |                       | 6,260,691                      |   |   | 6,256,070 |   |   | 18,009,192 |   |   | 19,377,572 |   |
|   Newspaper cost of sales and operating costs                   |   |                       | 2,058,988                      |   |   | 2,082,670 |   |   | 6,210,296 |   |   | 6,655,320 |   |
|     Total cost of sales and newspaper operating costs |   |                       | 22,860,632                     |   |   | 24,690,210 |   |   | 68,971,657 |   |   | 77,503,069 |   |
| Gross profit                                                              |   |                       | 9,028,494                      |   |   | 9,665,991 |   |   | 29,044,061 |   |   | 29,883,817 |   |
|                                                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
|     Selling, general and administrative expenses      |   |                       | 7,317,348                      |   |   | 8,564,413 |   |   | 24,366,779 |   |   | 27,155,200 |   |
| Restructuring charges                                                     |   |                       | 1,398,061                      |   |   | 193,735 |   |   | 1,537,145 |   |   | 193,735 |   |
| Income from operations                                                    |   |                       | 313,085                        |   |   | 907,843 |   |   | 3,140,137 |   |   | 2,534,882 |   |
|                                                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
| Other income benefit (expenses):                                          |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
|      Interest income                                  |   |                       | -                              |   |   | - |   |   | - |   |   | 2,771 |   |
|      Interest expense                                 |   |                       | (1,232,003                     | )      |   | (1,449,210 | ) |   | (4,164,454 | ) |   | (3,718,527 | ) |
|      Other                                            |   |                       | 10,805                         |   |   | 14,081 |   |   | 322,471 |   |   | 48,847 |   |
|                                                                      |   |                       | (1,221,198                     | )      |   | (1,435,129 | ) |   | (3,841,983 | ) |   | (3,666,909 | ) |
|                                                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
| (Loss) before income taxes                                                |   |                       | (908,113                       | )      |   | (527,286 | ) |   | (701,846 | ) |   | (1,132,027 | ) |
|      Income tax benefit                               |   |                       | 337,515                        |   |   | 220,294 |   |   | 252,023 |   |   | 486,082 |   |
| Net loss                                                                  |   | $                          | (570,598)                      |   | $ | (306,992 | ) | $ | (449,823) |   | $ | (645,945 | ) |
|                                                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
| Loss per share                                                       |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
|      Basic                                            |   | $                          | (0.06)                         |   | $ | (0.03 | )  | $ | (0.05 | ) | $ | (0.06 | )  |
|      Diluted                                          |   | $                          | (0.06)                         |   | $ | (0.03 | ) | $ | (0.05 | ) | $ | (0.06 | )  |
|                                                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                                      |   |                       |                           |   |   |   |   |   |   |   |   |   |   |
|      Basic                                            |   |                       | 9,988,000                      |   |   | 9,988,000 |   |   | 9,988,000 |   |   | 9,988,000 |   |
|      Diluted                                          |   |                       | 9,988,000                      |   |   | 9,988,000 |   |   | 9,988,000 |   |   | 9,988,000 |   |
| Dividends per share                                                       |   | $                          | 0.00                      |   | $ | 0.00 |   | $ | 0.00 |   | $ | 0.06 |   |

----

|                                             |         |      |    |    | Additional |   |                      |       |   Other |    |         |    |
|--------------------------------------------------|--------------|-----------|---------|---------|------------|--------|---------------------------|------------|-------------------|---------|--------------|---------|
|                                             | Common Stock |      | Paid-In |    | Retained   |   |   Comprehensive |       |              |    |
|                                             | Shares       |      | Amount  |    | Capital    |   | Deficit                   |       | Income            |    | Total        |    |
| Balance, October 31, 2009                        |         | 9,987,913 |    |  $ | 9,987,913  |   |  $                   | 22,768,610 |              |  $ | (9,822,383   | )  |  $ | - |   |  $ | 22,934,140 |   |
|                                             |         |      |    |    |       |   |                      |       |              |    |         |    |   |   |   |   |   |   |
| Comprehensive loss:                              |         |      |    |    |       |   |                      |       |              |    |         |    |   |   |   |   |   |   |
|   Net loss for 2010               |         | -         |    |    | -          |   |                      | -          |              |    | (449,823     | )  |   |  - |   |   | (449,823 | )  |
| Other comprehensive income (net of tax)          |         | -         |    |    | -          |   |                      | -          |              |    | -            |    |   | 273,351 |   |   | 273,351 |   |
|     Total comprehensive loss |         | -         |    |    | -          |   |                      | -          |              |    | (449,823     | )       |   | 273,351 |   |   | (176,472 | )  |
|                                             |         |      |    |    |       |   |                      |       |              |    |         |    |   |   |   |   |   |   |
|                                             |         |      |    |    |       |   |                      |       |              |    |         |    |   |   |   |   |   |   |
| Balance, July 31, 2010                 |         | 9,987,913 |    | $       | 9,987,913  |   | $                         | 22,768,610 |              | $       | (10,272,206) |    | $ | 273,351 |   | $ | 22,757,668 |   |

----

|                                                                             |   | Nine Months Ended July 31, |                        |
|----------------------------------------------------------------------------------|--------|----------------------------|-----------------------------|
|                                                                             |   |                       |                        |  (Restated) |   |
|                                                                             |   | 2010                       |                        | 2009 |   |
| Cash flows from operating activities:                                            |   |                       |                        |   |   |
| Net loss                                                                    |   | $                          | (449,823                    | ) | $ | (645,946 | ) |
| Adjustments to reconcile net loss to cash provided by operating activities: |   |                       |                        |   |   |   |   |
|   Depreciation and amortization                                        |   |                       | 3,248,043                   |   |   | 3,931,633 |   |
| Gain on sale of assets                                                           |   |                       | 15,796                      |   |   | (14,943 | ) |
| Deferred income taxes                                                            |   |                       | (375,774                    | ) |   | 1,230,416 |   |
| Deferred financing costs                                                         |   |                       | 267,081                     |   |   |  232,103 |   |
| Bad debt expense                                                                 |   |                       | 309,600                     |   |   | 619,966 |   |
|     Gain on hedging agreements                                    |   |                       | (284,079                    | ) |   | - |   |
|     Restructuring charges                                         |   |                       | 1,708,674                   |   |   | 193,735 |   |
| Changes in assets and liabilities:                                               |   |                       |                        |   |   |   |   |
|     Accounts receivable                                      |   |                       | 632,448                     |   |   | 6,381,758 |   |
|     Inventories                                              |   |                       | 1,170,000                   |   |   | 1,417,108 |   |
|     Other current assets                                     |   |                       | (1,786                      | ) |   | (328,839 | ) |
|     Accounts payable                                         |   |                       | (908,376                    | ) |   | (2,042,492 | ) |
|     Accrued payroll and commissions                          |   |                       | (455,305                    | ) |   | (782,243 | ) |
|     Taxes accrued and withheld                               |   |                       | (103,084                    | ) |   | 539,486 |   |
|     Income taxes                                             |   |                       | 1,733,137                   |   |   | (1,771,190 | ) |
|     Accrued expenses                                         |   |                       | (346,953                    | ) |   | 195,549 |   |
|     Other liabilities                                        |   |                       | (1,350                      | ) |   | (1,350 | ) |
|     Net cash provided by operating activities                     |   |                       | 6,158,249                   |   |   | 9,154,751 |   |
|                                                                             |   |                       |                        |   |   |   |   |
| Cash flows from investing activities:                                            |   |                       |                        |   |   |   |   |
| Purchases of property and equipment                                              |   |                       | (304,073                    | ) |   | (1,787,074 | ) |
| Proceeds from sales of property                                                  |   |                       | 25,306                      |   |   | 83,808 |   |
| Proceeds from cash surrender value of officers' life insurance                   |   |                       | -                      |   |   | 520,830 |   |
| Change in other assets                                                           |   |                       | 6,452                       |   |   | 3,876 |   |
|      Net cash used in investing activities                   |   |                       | (272,315                    | ) |   | (1,178,560 | ) |
|                                                                             |   |                       |                        |   |   |   |   |
| Cash flows from financing activities:                                            |   |                       |                        |   |   |   |   |
| Borrowings on line of credit                                                     |   |                       | 35,020,000                  |   |   | 600,000 |   |
| Payments on line of credit                                                       |   |                       | (34,000,000                 | ) |   | (1,000,000 | ) |
| Increase (decrease) in negative book cash balances                          |   |                       | 2,058,264                   |   |   | (986,704 | ) |
| Principal payments on long-term debt                                             |   |                       | (9,682,895                  | ) |   | (5,883,861 | ) |
| Payments on debt amendment costs                                                 |   |                       |     (440,585 | ) |   | - |   |
| Dividends paid                                                                   |   |                       | -                           |   |   | (599,279 | ) |
|      Net cash used in financing activities                   |   |                       | (7,045,216                  | ) |   | (7,869,844 | ) |
| Net increase (decrease) in cash and cash equivalents                             |   |                       | (1,159,282                  | ) |   | 106,347 |   |
| Cash and cash equivalents, beginning of period                                   |   |                       | 1,159,282                   |   |   | - |   |
| Cash and cash equivalents, end of period                                         |   | $                          | -                           |   | $ | 106,347 |   |

----

----

|                                    |   | July 31, |      | October 31, |   |
|-----------------------------------------|--------|---------------|-----------|-------------|--------|
|                                    |   | 2010          |      | 2009        |   |
| Printing and newspaper:                 |   |          |      |        |   |
|     Raw materials   |   | $             | 2,981,318 |        | $      | 2,854,938 |   |
|     Work in process |   |          | 1,078,681 |        |   | 1,405,320 |   |
|     Finished goods  |   |          | 3,337,962 |        |   | 3,765,244 |   |
| Office products and office furniture    |   |          | 2,594,016 |        |   | 3,136,475 |   |
|                                    |   | $             | 9,991,977 |        | $      | 11,161,977 |   |

|                                                 |   | July 31, |       | October 31, |    |
|------------------------------------------------------|--------|----------|------------|-------------|---------|
|                                                 |   | 2010     |       | 2009        |    |
| Installment notes payable to banks & shareholder |   |  $  | 4,197,963  |        |  $ | 1,310,418 |   |
| Term loan facility with a bank                  |   |     | 44,282,978 |        |    | 56,632,442 |   |
|                                                 |   |     | 48,480,941 |        |    | 57,942,860 |   |
| Less current portion                                 |   |     | 5,407,864  |        |    | 57,024,424 |   |
| Long-term debt, net of current portion               |   | $        | 43,073,077 |        | $       | 918,436 |   |

----

        -  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 receivables plus (b) up to the lesser of $6,000,000 or 50% of eligible inventory.  
        -  at Champion'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 Champion to Administrative Agent, including monthly reports and conference calls, quarterly reports by Champion's independent auditors of restructuring charges and organizational expense reductions. 
        -  application of Champion's income tax refunds applied to reduce indebtedness under the Credit Agreement. 

----

|                            |   | Payments Due by Fiscal Year |
|---------------------------------|--------|-----------------------------|
| Contractual Obligations         |   | 2010                        |   | 2011 |   | 2012 |   | 2013 |   | 2014 |   |   |  Residual |   | Total |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cancelable operating leases |   | $                           | 401,763 |   | $ | 1,103,683 |   | $ | 939,836 |   | $ | 853,378 |   | $ | 279,133 |   | $ |  5,620 | nmj  $ | 3,583,413 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revolving line of credit        |   |                        | - |   |   | - |   |   |  9,745,496 |   |   | - |   |   | - |   |   | -  |   |  9,745,496 |   |
|                            |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Term debt                       |   |                        | 1,368,079 |   |   | 5,371,842 |   |   | 5,226,589 |   |   |  33,444,416 |   |   | 3,070,015 |   |   | -  |   | 48,480,941 |   |
|                            |   | $                           | 1,769,842 |   | $ | 6,475,525 |   | $ | 15,911,921 |   | $ | 34,297,794 |   | $ | 3,349,148 |   | $ |  5,620 | $ | 61,809,850 |   |

----

| 2010 Quarter 3                      |   | Printing |       | Office Products & Furniture |   | Newspaper  |   | Total  |       |
|-------------------------------------|--------|----------|------------|---------------------------------|--------|------------|--------|--------|------------|
|                                |   |     |       |                            |   |       |   |   |       |
| Revenues                            |   | $        | 21,645,833 |                            | $      | 9,966,618  |   | $      | 3,585,861  |   | $ | 35,198,312 |   |
| Elimination of intersegment revenue |   |     | (1,985,607 | )                               |   | (1,323,579 | )      |   | -          |   |   | (3,309,186 | ) |
| Consolidated revenues               |   | $        | 19,660,226 |                            | $      | 8,643,039  |   | $      | 3,585,861  |   | $ | 31,889,126 |   |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |
| Operating income (loss)             |   |     | (904,214   | )                          |   | 504,691    |   |   | 712,608    |   |   | 313,085 |   |
| Depreciation & amortization     |   |     | 741,510    |                            |   | 33,851     |   |   | 284,653    |   |   | 1,060,014 |   |
| Capital expenditures                |   |     | 124,492    |                            |   | 10,121     |   |   | 15,052     |   |   | 149,665 |   |
| Identifiable assets                 |   |     | 40,336,859 |                            |   | 6,715,239  |   |   | 35,393,686 |   |   | 82,445,784 |   |
| Goodwill                            |   |     | 2,226,837  |                            |   | 1,230,485  |   |   | 11,874,961 |   |   | 15,332,283 |   |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |
| 2009 Quarter 3                      |   | Printing |       | Office Products & Furniture |   | Newspaper  |   | Total  |       |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |
| Revenues                            |   | $        | 23,908,190 |                            | $      | 10,575,598 |   | $      | 3,899,621  |   | $ | 38,383,409 |   |
| Elimination of intersegment revenue |   |     | (2,477,447 | )                               |   | (1,549,761 | )      |   | -          |   |   | (4,027,208 | ) |
| Consolidated revenues               |   | $        | 21,430,743 |                            | $      | 9,025,837  |   | $      | 3,899,621  |   | $ | 34,356,201 |   |
|                                |   |     |       |                            |   |       |   |   |       |   |   |   |   |
| 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                 |   |     | 45,233,660 |                            |   | 6,965,923  |   |   | 77,804,132 |   |   | 130,003,715 |   |
| Goodwill                            |   |     | 2,226,837  |                            |   | 1,230,485  |   |   | 35,437,456 |   |   | 38,894,778 |   |

----

| 2010 Year to Date                   |   |  Printing |       | Office Products& Furniture |   |  Newspaper |   | Total   |       |
|-------------------------------------|--------|----------------|------------|--------------------------------|--------|-----------------|--------|---------|------------|
|                                |   |           |       |                           |   |            |   |    |       |   |   |   |   |
| Revenues                            |   | $              | 68,577,588 |                           | $      | 29,813,537      |   | $  | 11,632,293 |   | $ | 110,023,418 |   |
| Elimination of intersegment revenue |   |           | (7,451,495 | )                              |   | (4,556,205      | )      |    | -          |   |   | (12,007,700 | ) |
| Consolidated revenues               |   | $              | 61,126,093 |                           | $      | 25,257,332      |   | $  | 11,632,293 |   | $ | 98,015,718 |   |
|                                |   |           |       |                           |   |            |   |    |       |   |   |   |   |
| Operating income (loss)             |   |           | (1,212,079 | )                              |   | 1,456,527       |   |    | 2,895,689  |   |   | 3,140,137 |   |
| Depreciation & amortization     |   |           | 2,294,034  |                           |   | 102,787         |   |    | 851,222    |   |   | 3,248,043 |   |
| Capital expenditures                |   |           | 446,959    |                           |   | 19,609          |   |    | 58,481     |   |   | 525,049 |   |
| Identifiable assets                 |   |           | 40,336,859 |                           |   | 6,715,239       |   |    | 35,393,686 |   |   | 82,445,784 |   |
| Goodwill                            |   |           | 2,226,837  |                           |   | 1,230,485       |   |    | 11,874,961 |   |   | 15,332,283 |   |

| 2009 Year to Date                   |   |  Printing |       | Office Products& Furniture |   |  Newspaper |   | Total   |       |
|-------------------------------------|--------|----------------|------------|--------------------------------|--------|-----------------|--------|---------|------------|
|                                |   |           |       |                           |   |            |   |    |       |   |   |   |   |
| Revenues                            |   | $              | 75,592,237 |                           | $      | 32,363,763      |   | $  | 12,273,927 |   | $ | 120,229,927 |   |
| Elimination of intersegment revenue |   |           | (7,848,362 | )                              |   | (4,994,679      | )      |    | -          |   |   | (12,843,041 | ) |
| Consolidated revenues               |   | $              | 67,743,875 |                           | $      | 27,369,084      |   | $  | 12,273,927 |   | $ | 107,386,886 |   |
|                                |   |           |       |                           |   |            |   |    |       |   |   |   |   |
| 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                 |   |           | 45,233,660 |                           |   | 6,965,923       |   |    | 77,804,132 |   |   | 130,003,715 |   |
| Goodwill                            |   |           | 2,226,837  |                           |   | 1,230,485       |   |    | 35,437,456 |   |   | 38,894,778 |   |

----

|                                    |   | Three months | Nine months |
|-----------------------------------------|--------|--------------|------------------|
|                                    |   |         | 2010             |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Revenues:                               |   |         |             |   |   |   |   |   |   |   |   |   |   |
| Total segment revenues                  |   | $            | 35,198,312       |   | $ | 38,383,409 |   | $ | 110,023,418 |   | $ | 120,229,927 |   |
| Elimination of intersegment revenue     |   |         | (3,309,186       | ) |   | (4,027,208 | ) |   | (12,007,700 | ) |   | (12,843,041 | ) |
| Consolidated revenue                    |   | $            | 31,889,126       |   | $ | 34,356,201 |   | $ | 98,015,718 |   | $ | 107,386,886 |   |
|                                    |   |         |             |   |   |   |   |   |   |   |   |   |   |
| Operating income:                       |   |         |             |   |   |   |   |   |   |   |   |   |   |
| Total segment operating income          |   | $            | 313,085          |   | $ | 907,843 |   | $ | 3,140,137 |   | $ | 2,534,882 |   |
| Interest income                         |   |         | -                |   |   | - |   |   | - |   |   | 2,771 |   |
| Interest expense                        |   |         | (1,232,003       | ) |   | (1,449,210 | ) |   | (4,164,454 | ) |   | (3,718,527 | ) |
| Other income                            |   |         | 10,805           |   |   | 14,081 |   |   | 322,471 |   |   | 48,847 |   |
| Consolidated (loss) before income taxes |   | $            | (908,113         | ) | $ | (527,286) |   | $ | (701,846 | ) | $ | (1,132,027) |   |
|                                    |   |         |             |   |   |   |   |   |   |   |   |   |   |
| Identifiable assets:                    |   |         |             |   |   |   |   |   |   |   |   |   |   |
| Total segment identifiable assets       |   | $            | 82,445,784       |   | $ | 130,003,715 |   | $ | 82,445,784 |   | $ | 130,003,715 |   |
| Assets not allocated to a segment       |   |         | 11,169,924       |   |   | 2,482,286 |   |   | 11,169,924 |   |   | 2,482,286 |   |
| Total consolidated assets               |   | $            | 93,615,708       |   | $ | 132,486,001 |   | $ | 93,615,708 |   | $ | 132,486,001 |   |

----

|               |   | Fair Value Measurements as of |                                         |
|--------------------|--------|-------------------------------|----------------------------------------------|
|               |   | July 31, 2010                 |                                         |
|               |   | Level 1                       |                                         |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Liabilities:       |   |                          |                                         |   |   |   |   |   |   |   |   |   |
| Interest rate swap |   | $                             |         - |   |   | $ | 223,000 |   |   | $ |         - |   |   | $ | 223,000 |   |

|               |   | 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 |

----

|                                                               |    | July 31, 2010                  |
|--------------------------------------------------------------------|---------|--------------------------------|
|                                                               |    |  Three Months Ended  |   | Nine Months Ended |
|                                                               |    |                           |   |   |
|  Occupancy related costs                                      |  $ |  1,173,175                |  $ |  1,173,175 |
|  Costs incurred to streamline production, personnel and other |    |  224,887                  |   |  363,970 |
|  Inventory                                                    |    |  171,529                  |   |  171,529 |
|  Total                                         |  $ |  1,569,591                |  $ | 1,708,674  |

|                              |    |  Occupancy related costs |    |  Costs incurred to streamline production, personnel and other |    |  Total     |
|-----------------------------------|---------|-------------------------------|---------|--------------------------------------------------------------------|---------|-----------------|
|                              |    |                          |    |                                                               |    |            |
|  Balance at October 31, 2009 |  $ |  -                       |  $ |  -                                                            |  $ |  -         |
|  2010 expenses               |    |  1,173,175               |    |  363,970                                                      |    |  1,537,145 |
|  Paid in 2010                |    |  (42,451)                |    |  (355,282)                                                    |    |  (397,733) |
|  Balance at July 31, 2010    |  $ |  1,130,724               |  $ |  8,688                                                        |  $ |  1,139,412 |

----

|                                                                                              |   |   Percentage of Total Revenues |
|---------------------------------------------------------------------------------------------------|--------|------------------------------------------|
|                                                                                              |   | Three Months EndedJuly 31,               | Nine Months EndedJuly 31, |
|                                                                                              |   |                                     |   |   |  (Restated) |   |   |   |  (Restated) |   |
|                                                                                              |   |                                     | 2010 |   | 2009 |   | 2010 |   | 2009 |   |
| Revenues:                                                                                    |   |                                     |   |   |   |   |      |   |   |   |
|     Printing                                                                       |   |                                     | 61.7 | % | 62.4 | % | 62.4 | % | 63.1 | % |
|     Office products and office furniture                                           |   |                                     | 27.1 |   | 26.3 |   | 25.8 |   | 25.5 |   |
| Newspaper                                                                                         |   |                                     | 11.2 |   | 11.3 |   | 11.8 |   |   11.4 |   |
| Total revenues                                                                                    |   |                                     | 100.00 |   | 100.00 |   | 100.00 |   | 100.00 |   |
| Cost of sales and newspaper operating costs:                                                      |   |                                     |   |   |   |   |   |   |   |   |
|     Printing                                                                       |   |                                     | 45.6 |   | 47.6 |   | 45.7 |   | 47.9 |   |
|     Office products and office furniture                                           |   |                                     | 19.6 |   | 18.2 |   | 18.4 |   | 18.1 |   |
| Newspaper cost of sales and operating costs                                                       |   |                                     | 6.5 |   | 6.1 |   | 6.3 |   | 6.2 |   |
|         Total cost of sales and newspaper operating costs |   |                                     | 71.7 |   | 71.9 |   | 70.4 |   | 72.2 |   |
|     Gross profit                                                                   |   |                                     | 28.3 |   | 28.1 |   | 29.6 |   | 27.8 |   |
| Selling, general and administrative expenses                                                      |   |                                     | 22.9 |   | 24.9 |   | 24.9 |   | 25.3 |   |
| Restructuring charges                                                                             |   |                                     | 4.4 |   | 0.6 |   | 1.5 |   |  0.2 |   |
| Income from operations                                                                            |   |                                     | 1.0 |   | 2.6 |   | 3.2 |   | 2.3 |   |
| Interest income                                                                                   |   |                                     | 0.0 |   | 0.0 |   | 0.0 |   | 0.0 |   |
| Interest expense                                                                                  |   |                                     | (3.9 | )  | (4.1 | ) | (4.2 | ) | (3.5 | ) |
| Other income                                                                                      |   |                                     | 0.0 |   | 0.0 |   | 0.3 |   | 0.0 |   |
| (Loss) before taxes                                                                               |   |                                     | (2.9 | )  | (1.5 | )  | (0.7 | ) | (1.2 | ) |
| Income tax benefit                                                                      |   |                                     | 1.1 |   | 0.6 |   | 0.3 |   | 0.5 |   |
| Net loss                                                                                          |   |                                     | (1.8 | )% | (0.9 | )% | (0.4 | )% | (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: September 10, 2010  | /s/ Marshall T. Reynolds                          |
|--------------------------------|---------------------------------------------------|
|                           | Marshall T. Reynolds                         |
|                           | Chief Executive Officer                      |
|                           |                                              |
|                           |                                              |
| Date: September 10, 2010       | /s/ Toney K. Adkins                          |
|                           | Toney K. Adkins                              |
|                           | President and Chief Operating Officer        |
|                           |                                              |
|                           |                                              |
| Date: September 10, 2010  | /s/ Todd R. Fry                              |
|                           | Todd R. Fry                                  |
|                           | Senior Vice President and Chief Financial Officer |

----