Small printers (95% of United States print population) will network. Either in franchises like AlphaGraphics, or via websites like Webmart.com in the UK, or through organizations like the PSDA or the new MPS organization or the thing that's going on in Australia, or pull printing MPS in the UK.
Globals should probably get smaller instead of bigger. Give every clear business unit it's own P&L or spin them off. Roll ups should figure out a way to get the benefit of scale, without destroying the DNA of the printers they roll up. Anderson is good example of how Cenveo got it very, very wrong.
It's the user network economy. Andy McCourt has an awesome, closely argued and well written description of the printernet in the current Print 21 print edition. As soon as I get a link, I'll post it here to see what some one in the game has to say about it.
But in the meantime, all you have to do is get the signal through the noise.
WhatTheyThink and New Direction Partners to offer new Merger & Acquisition resource News :
"Lexington, KY and Berwyn, PA -- WhatTheyThink, the provider of online graphic arts news and market intelligence, and New Direction Partners, the leading investment banking and financial advisory firm serving the printing industry, jointly announced today that their two firms have partnered together to create an online community for printing executives dedicated to merger and acquisition (M&A) content."