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I have been getting this issue off and on for the past month. Ive tried all the fixes ive seen on the forums, most of them saying to uninstall and reinstall the program. Ive gone into the registry to fully delete every bit of it I can, ive tried messing with the default printer and other things as well. I am simply out of ideas and I need help.
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Hope you are doing well. Sorry for your experience with Acrobat Reader and the delayed response.
Would you mind trying the steps mentioned in the Microsoft support page: Print processors initialization failed - Microsoft Q&A
Also, we suggest using the latest version of Acrobat Reader DC.
Let us know if this works for you.
-Souvik.