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BANTA FINALIZES SALE OF EDITEL

 BANTA FINALIZES SALE OF EDITEL
 MENASHA, Wis., May 7 /PRNewswire/ -- Banta Corporation


(NASDAQ: BNTA) today announced it has completed the sale of its Editel operations in New York City, Los Angeles and Chicago to Unitel Video, Inc., New York. An agreement in principle involving sale of the operations was announced Oct. 3, 1991.
 The purchase price was $17.5 million, consisting of $12 million in cash, a seven-year $2.5 million subordinated seller note, $3 million of 6 percent convertible preferred shares, plus the assumption of certain liabilities.
 Banta chairman Calvin W. Aurand, Jr. said the transaction places the three Editel operations into a corporate environment that can maximize their potential within the video communications industry. "Our intent from the beginning has been to find a buyer that can assure the long-term viability of these operations," says Aurand. "Unitel is such an organization. This creates a good situation for the Editel businesses and for their employees."
 Unitel is a leading supplier of video services to the broadcast and cable industries. The Editel operations provide high-end video post-production, computer graphics and special effects services for television commercials, music videos and network programming.
 Banta Corporation is one of the nation's leading graphic arts companies, offering diverse printing and graphic services. It serves publishers of educational and general books, special-interest magazines, consumer and business catalogs, and direct marketing materials. Its other businesses offer prepress services, multimedia and software packages, point-of-purchase materials, and single-use products.
 -0- 5/7/92
 /CONTACT: Mark A. Fleming, corporate communications of Banta Corporation, 414-722-7777/
 (BNTA) CO: Banta Corporation ST: Wisconsin IN: PUB SU:


KK -- CL015 -- 7587 05/07/92 11:36 EDT
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Publication:PR Newswire
Date:May 7, 1992
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