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      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
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      <OtherChangesInNetAssetsAmt>-90</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleC documentId="RetDoc2">
      <SubstantiallyAllDuesNondedInd>true</SubstantiallyAllDuesNondedInd>
      <OnlyInHouseLobbyingInd>true</OnlyInHouseLobbyingInd>
      <AgreeCarryoverPriorYearInd>false</AgreeCarryoverPriorYearInd>
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    <IRS990ScheduleD documentId="RetDoc3">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>52718</OtherCostOrOtherBasisAmt>
        <BookValueAmt>52718</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>339542</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>280431</DepreciationAmt>
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      <EquipmentGrp>
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        <DepreciationAmt>1347825</DepreciationAmt>
        <BookValueAmt>4387</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>23763</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>23673</DepreciationAmt>
        <BookValueAmt>90</BookValueAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>116306</TotalBookValueLandBuildingsAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>873628</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>173368</NetUnrealizedGainsInvstAmt>
      <OtherRevenueAmt>261684</OtherRevenueAmt>
      <RevenueNotReportedAmt>435052</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>438576</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>438576</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>741195</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>261686</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>261686</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>479509</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>479509</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE INCOME TAX ACCOUNTING GUIDANCE INCLUDED IN THE FASB ASC. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX EFFECT FROM AN UNCERTAIN INCOME TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAX AUTHORITIES. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XI, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>COST OF FABRICATION SALES 277,063 INVESTMENT MANAGEMENT FEES -15,377 ROUNDING -2</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>COST OF FABRICATION SALES 277,063 INVESTMENT MANAGEMENT FEES -15,377</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="RetDoc6">
      <GrantRecordsMaintainedInd>false</GrantRecordsMaintainedInd>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>GRAND CAYMAN</RegionTxt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>FABRICATION SALES</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>1697</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>JAMAICA</RegionTxt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>TRAINING AND FAB</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>8922</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>BAHAMAS</RegionTxt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>TRAINING AND FAB</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>18525</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>BARBADOS</RegionTxt>
        <TypeOfActivitiesConductedTxt>PRGORAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>FABRICATION SALES</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>74589</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>KINGSTOWN</RegionTxt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>FABRICATION SALES</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>2921</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>CANADA</RegionTxt>
        <TypeOfActivitiesConductedTxt>PROGRAM SERVICES</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>FABRICATION SALES</SpecificServicesProvidedTxt>
        <RegionTotalExpendituresAmt>3798</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <SubtotalSpentAmt>110452</SubtotalSpentAmt>
      <TotalSpentAmt>110452</TotalSpentAmt>
      <TransferToForeignCorpInd>false</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>false</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE F, PAGE 1, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>GRAND CAYMAN 1,697 0 JAMAICA 8,922 0 BAHAMAS 18,525 0 BARBADOS 74,589 0 KINGSTOWN 2,921 0 CANADA 3,798 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleF>
    <IRS990ScheduleL documentId="RetDoc4">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>FRANK BOURLON</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>FATHER OF E.D.</RelationshipDescriptionTxt>
        <TransactionAmt>86875</TransactionAmt>
        <TransactionDesc>EMPLOYMENT</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>COMMUNITY NEWSPAPER HOLDINGS</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>197714</TransactionAmt>
        <TransactionDesc>FABRUCATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>SOUTHERN NEWSPAPERS</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>13395</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>GANNETT</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>7998</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>REID NEWSPAPERS INC</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>4089</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>ADAMS PUBLISHING GROUP</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>26971</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>HORIZON PUBLICATIONS</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>9942</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>OGDEN NEWPAPERS</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>1032</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>MICHAEL TRAYNOR</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>8678</TransactionAmt>
        <TransactionDesc>FABRICATION/TRAINING</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>TO ESTABLISH AN ASSOCIATION OR LEAGUE OF PUBLISHERS OF NEWSPAPERS AND OTHER PUBLISHED AND PRINTED MATTER TO THE END THAT THE PUBLISHING INDUSTRY MIGHT DEVELOP SOUND AND ECONOMICAL PRODUCTION METHODS THROUGH ACQUAINTING MEMBERS OF THE PUBLISHING INDUSTRY WITH THE DEVELOPMENTS AND USE OF EFFICIENT EQUIPMENT AND PRODUCTION METHODS, AND THROUGH COOPERATION WITH EMPLOYEES OF PUBLISHERS BY ASSISTING IN THEIR TRAINING AND DEVELOPMENT BY ACQUAINTING SUCH EMPLOYEES WITH ECONOMICAL AND EFFICIENT PRODUCTION METHODS AND THE USE OF NEW AND IMPROVED METHODS AND EQUIPMENT, AND THE CONDUCT OF TRAINING PROGRAMS FOR PUBLISHERS AND EMPLOYEES TO THE END THAT THOSE ENGAGED IN THE PUBLISHING INDUSTRY SHALL HAVE AVAILABLE TO THEM, AND TO THEIR EMPLOYEES, KNOWLEDGE AND INFORMATION AS TO THE MOST EFFICIENT AND ECONOMICAL PRODUCTION METHODS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>OTHER</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>UNDER THE CORPORATE CHARTER, MEMBER ORGANIZATIONS ARE REQUIRED TO PURCHASE ONE VOTING SHARE OF STOCK AT ITS 10.00 PER SHARE PAR VALUE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBER ORGANIZATIONS ELECT INDIVIDUAL MEMBERS TO THE GOVERNING BODY - BOARD OF DIRECTORS - BY VOTE, EACH MEMBER ORGANIZATION HAVING ONE VOTE. BOARD MEMBERS SERVE STAGGERED THREE YEAR TERMS WITH APPROXIMATELY 1/3RD OF THE BOARD BEING ELECTED EACH YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE 990 IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR REVIEW PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>ANNUALLY THE BOARD OF DIRECTORS CONSIDERING THE ADVICE OF THE PERSONNEL COMMITTEE SETS THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR AND GENERALLY ALL OTHER PERSONNEL, NONE OF WHICH ARE BY DEFINITION OFFICERS OR KEY EMPLOYEES. THE COMMITTEE AND BOARD OF DIRECTORS BEING MEMBERS OF VARIOUS NEWSPAPER ORGANIZATIONS DETERMINE THE EXECUTIVE DIRECTORS COMPENSATION BY REFERENCE TO COMPENSATION PACKAGES PROVIDED TO SENIOR PRODUCTION MANAGERS IN NEWSPAPER ORGANIZATIONS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERSHIP STOCK REDEMPTIONS, NET OF ADDITIONS -90</ExplanationTxt>
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    </IRS990ScheduleO>
  </ReturnData>
</Return>