| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| West Virginia                                                        |   | 55-0717455                                           |
|----------------------------------------------------------------------|--------|------------------------------------------------------|
| (State or other jurisdiction of  incorporation or organization) |   | (I.R.S. Employer Identification No.)                 |
|                                                                 |   |                                                 |
| 2450 First AvenueP.O. Box 2968Huntington, West Virginia              |   |   25728                                    |
| (Address of Principal Executive Offices)                        |   | (Zip Code)        |

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| Registrant's telephone number, including area code: (304) 528-2700                          |                                                                    |
|---------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|
|  Securities registered pursuant to Section 12(b) of Act: Common Stock, $1.00 par value | The NASDAQ Stock Market, LLC(Name of each exchange on which registered) |
|   Securities registered pursuant to Section 12(g) of Act: None                         |                                                                    |

|   | Yes oNo x |
|--------|-----------|

|   | Yes oNo x |
|--------|-----------|

|   | Yes xNo o |
|--------|-----------|

|   |  Yes xNo o |
|--------|-----------------|

|   |  o |
|--------|---------|

| Large accelerated filer o  | Accelerated filer o              |
|---------------------------------|----------------------------------|
| Non-accelerated filter o        | Smaller reporting company x |

|   | Yes oNo x |
|--------|-----------|

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| Explanatory Note |
|------------------|

| ·   | Revised disclosure under Part I introductory paragraph to Form 10-K. |
|--------------------|----------------------------------------------------------------------|

| ·   | Enhanced disclosure regarding critical accounting policies associated with deferred tax assets within Item 7- Management’s discussion and analysis of financial condition and results of operations ("MD&A") |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Enhanced discussion and analysis in the MD&A liquidity and capital resources section to address a comprehensive management assessment of the Company’s debt situation. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Revised disclosure under Part I introductory paragraph to Form 10-K. |
|--------------------|----------------------------------------------------------------------|

| ·   | Enhanced disclosure regarding critical accounting policies associated with deferred tax assets within Item 7- Management’s discussion and analysis of financial condition and results of operations (MD&A) |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Enhanced discussion and analysis in the MD&A liquidity and capital resources section to address a comprehensive management assessment of the Company’s debt situation. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                               |   | Year Ended October 31, |    |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                                               |   | ($ In thousands)       |    |
|                                                                                                               |   | 2011                   |    |   | 2010 |   |   | 2009 |   |
| Revenues:                                                                                                          |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Printing                                                                                        |   | $                      | 79,092  |   |   | 61.5 | % |   | $ | 80,971 |   |   | 62.3 | % |   | $ | 88,990 |   |   | 63.0 | % |
|     Office products and office furniture                                                            |   |                   | 34,546  |   |   | 26.9 |   |   |   | 33,438 |   |   | 25.7 |   |   |   | 35,874 |   |   | 25.4 |   |
|     Newspaper                                                                                       |   |                   | 14,883  |   |   | 11.6 |   |   |   | 15,525 |   |   | 12.0 |   |   |   | 16,394 |   |   | 11.6  |   |
|     Total revenues                                                                                  |   |                   | 128,521 |   |   | 100.0 |   |   |   | 129,934 |   |   | 100.0 |   |   |   | 141,258 |   |   | 100.0 |   |
| Cost of sales & newspaper operating costs:                                                                     |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Printing                                                                                   |   |                   | 58,601  |   |   | 45.6 |   |   |   | 59,351 |   |   |  45.7 |   |   |   | 66,856 |   |   | 47.3 |   |
|     Office products and office furniture                                                            |   |                   | 24,521  |   |   | 19.1 |   |   |   | 23,633 |   |   | 18.2 |   |   |   | 24,859 |   |   | 17.6 |   |
| Newspaper cost of sales & operating costs                                                                      |   |                   | 8,590   |   |   | 6.7 |   |   |   | 8,327 |   |   |  6.4 |   |   |   | 8,715 |   |   | 6.2 |   |
|     Total cost of sales & newspaper operating     costs                |   |                   | 91,712  |   |   | 71.4 |   |   |   | 91,311 |   |   | 70.3 |   |   |   | 100,430 |   |   | 71.1 |   |
| Gross profit                                                                                                       |   |                   | 36,809  |   |   | 28.6 |   |   |   | 38,623 |   |   | 29.7 |   |   |   | 40,828 |   |   | 28.9 |   |
|                                                                                                               |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Selling, general and administrative expenses                                                    |   |                   | 31,229  |   |   | 24.3 |   |   |   | 31,609 |   |   | 24.3 |   |   |   | 37,126 |   |   | 26.2 |   |
|     Restructuring / asset impairment costs                                                     |   |                   | 9,369   |   |   | 7.3 |   |   |   | 1,641 |   |   | 1.3 |   |   |   | 41,334 |   |   | 29.3 |   |
|     Hurricane and relocation costs, net of recoveries                                               |   |                   | -       |   |   | - |   |   |   | - |   |   | - |   |   |   | (39 | )  |   | (0.0 | )  |
|    (Loss) income from operations                                                                         |   |                   | (3,789  | )  |   | (3.0 | ) |   |   | 5,373 |   |   | 4.1 |   |   |   | (37,593 | ) |   | (26.6 | ) |
| Other income (expense):                                                                                            |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Interest income                                                                                 |   |                   | -       |   |   | - |   |   |   | - |   |   |  - |   |   |   | 3 |   |   | 0.0 |   |
|     Interest expense - related party                                                           |   |                   | (65     | )  |   | (0.0 | ) |   |   | (82 | )  |   | (0.1 | )  |   |   | - |   |   | - |   |
|     Interest expense                                                                                |   |                   | (3,824  | ) |   | (3.0 | ) |   |   | (5,332 | ) |   | (4.1 | ) |   |   | (5,185 | ) |   | (3.7 | ) |
|     Gain on early extinguishment of debt from    a related party |   |                   | 1,338   |   |   | 1.0 |   |   |   | - |   |   | - |   |   |   | - |   |   | - |   |
|     Other income                                                                                    |   |                   | 99      |   |   | 0.1 |   |   |   | 1,013 |   |   | 0.8 |   |   |   | (476 | ) |   | (0.3 | ) |
|                                                                                                               |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     (Loss) income  before income taxes                                                         |   |                   | (6,241  | )  |   | (4.9 | ) |   |   | 972 |   |   | 0.7 |   |   |   | (43,251 | ) |   | (30.6 | ) |
| Income tax benefit (expense)                                                                                       |   |                   | 2,265   |   |   | 1.8 |   |   |   | (484 | ) |   | (0.3 | ) |   |   | 15,730 |   |   | 11.1 |   |
| Net (loss) income                                                                                             |   | $                      | (3,976  | )  |   | (3.1 | )% |   | $ | 488 |   |   | 0.4 | % |   | $ | (27,521 | ) |   | (19.5 | )% |
|                                                                                                               |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| Payments Due by Fiscal Year     |
|---------------------------------|
| Contractual Obligations         |   |   |   | 2012 |   |   | 2013 |   |   | 2014 |   |   | 2015 |   |   |  2016 |   |   | Residual |   |   | Total |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-cancelable operating leases |   |   |   | $ | 1,280,450 |   |   | $ | 1,104,692 |   |   | $ | 489,156 |   |   | $ | 207,198 |   |   |  $ | -  |   |   | $ | -  |   |   | $ | 3,081,496 |   |   |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revolving line of credit        |   |   |   |   | 9,725,496 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | -  |   |   |   | 9,725,496 |   |   |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Term debt                       |   |   |   |   | 38,629,011 |   |   |   | 360,982 |   |   |   | 70,015 |   |   |   | - |   |   |   | - |   |   |   | -  |   |   |   | 39,060,008 |   |   |
|                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                            |   |   |   | $ | 49,634,957 |   |   | $ | 1,465,674 |   |   | $ | 559,171 |   |   | $ | 207,198 |   |   |  $ |  - |   |   |  $ | -  |   |   | $ | 51,867,000 |   |   |

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| (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 |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|--------|--------------|--------|----------------------|

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|   | Champion Industries, Inc.                                                                                                                                                                                                                                                                                                             |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                  |
|   | By /s/ Marshall T. Reynolds                                                                                                             |
|   | Marshall T. Reynolds                                                                                                                                                                                                                                                                                                                  |
|   | Chief Executive Officer                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                  |
|   | By /s/ Todd R. Fry                                                     |
|   | Todd R. Fry                                                                                                                                                                                                                                                                                                                           |
|   | Senior Vice President and Chief Financial Officer                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                  |
|   | Date:  May 21, 2012                                                                                                                                                                                                                                                                                                              |

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|  SIGNATURE AND TITLE                                                                                                                                                                         |   |  DATE              |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|
|                                                                                                                                                                                              |   |                    |
|  /s/ Gregory D. Adkins                                                                                                                                                                       |   |  May 21, 2012 |
|  Gregory D. Adkins, Controller                                                                                                                                                          |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Louis J. Akers                                                                                                                                                                          |   |  May 21, 2012      |
| Louis J. Akers, Director                                                                                                                                                                          |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Philip E. Cline                             |   |  May 21, 2012      |
| Philip E. Cline, Director                                                                                                                                                                         |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Todd R. Fry                                                                                                                                                                             |   | May 21, 2012            |
| Todd R. Fry, Senior Vice President and Chief Financial Officer                                                                                                                                    |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Harley F. Mooney, Jr.                                                                    |   |  May 21, 2012      |
| Harley F. Mooney, Jr., Director                                                                                                                                                                   |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ A. Michael Perry                                           |   |  May 21, 2012      |
| A. Michael Perry, Director                                                                                                                                                                        |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Marshall T. Reynolds                                                                |   |  May 21, 2012      |
| Marshall T. Reynolds, Director, Chairman of the Board and Chief Executive Officer                                                                                                                 |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Neal W. Scaggs                                   |   |  May 21, 2012      |
| Neal W. Scaggs, Director                                                                                                                                                                          |   |                    |
|                                                                                                                                                                                              |   |                    |
|  /s/ Glenn W. Wilcox, Sr.                                                                |   |  May 21, 2012      |
| Glenn W. Wilcox, Sr., Director                                                                                                                                                                    |   |                    |

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