CCI Sourcing shuts doors

Ad production outsourcing firm CCI Sourcing abruptly ceased operations Thursday.

“We certainly did not enter this market with this conclusion in mind,” said Stibo A/S Chief Executive Officer Hans Damgaard. “Given the speed of the North American market in adopting offshore ad production, the rate of return on our 18-month investment leaves us no option but to close.”

CCI Sourcing was founded last year by Stibo, which owns CCI Europe, and The Hindu newspaper in India . It had signed up a number of clients in Europe, and earlier this year picked up its first U.S. newspaper, the Anderson (S.C.) Independent-Mail.

Jeff Rogers, CCI Sourcing’s former vice president of North American sales, told Newspapers & Technology he’s working with the Independent-Mail to find a suitable alternative.

CCI Sourcing’s European customers, meantime, will be serviced by Danish production firm Mindworking, Rogers said.

Newspapers & Technology will have more information about CCI Sourcing’s shutdown in the June issue.