The Internet Burns One More Paper-Based Business: the Envelope Maker
- Cenveo, North America’s market leader, files for bankruptcy
- ‘World passing them by’ as ‘snail mail’ advertising declines
A mailbox in Fairfax, Virginia.
Photographer: Andrew Harrer/Bloomberg
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After 99 years of making envelopes that carried America’s junk mail, Cenveo Inc. filed for bankruptcy, blaming a shift by marketers from your mailbox to the internet.
Just as online advertising began growing, Cenveo started spending on traditional print media, boosting debt it now says it can’t afford to pay.