Thursday, December 1, 2011

Sun Chemical Increases Prices on Press Blankets

Sun Chemical’s Rycoline Division to Increase Prices on Blanket Lines: PARSIPPANY, NJ—Dec. 1, 2011—Due to continued increases in the costs of key raw materials such as textiles and rubber compounds, Sun Chemical’s Rycoline Group will raise prices in North America by 5 percent on most blanket lines,...

Warren Buffet, Former News Boy, Buys Newspaper

Berkshire Hathaway to acquire Omaha World-Herald Co.: Omaha, Neb.—Berkshire Hathaway has announced plans to acquire Omaha World-Herald Co., which publishes the World-Herald and other daily and weekly newspapers in Nebraska and Iowa.

GamePro Magazine Shuttered

IDG Folds GamePro Magazine to Focus on Custom Projects: One of the last of the U.S. print magazines on video gaming left in the market is folding as IDG announced yesterday GamePro ceases publication with the current Winter issue.

USPS Will Fix Delay in Magazine Deliveries

USPS Promises to Fix ‘Unacceptable’ Flats Processing Delays:On-time performance levels for one-to-two day periodicals delivery have slumped to as low as 44 percent this year as USPS expanded its use of automated flats sequencing systems as a way of improving efficiency in processing flats immediately prior to delivery.

Online Ad Revenue Up 22% in Q3

Online ad revenue in Q3 nears $8 billion: New York—Internet ad revenue in the U.S. reached $7.9 billion in the third quarter, up 22% over the year-earlier period, according to the Interactive Advertising Bureau and PricewaterhouseCoopers.

Reuters Interview with Hearst CEO: Digital, New Time CEO

NEW YORK November30 (Reuters) - Hearst Magazines expects to reach one million digital subscriptions by the end of next year...Magazine companies are facing unprecedented challenges as a growing number of people choose to read content on digital devices like tablet computers and smart phones instead of in traditional print format.
http://www.reuters.com/article/2011/11/30/us-media-summit-hearst-idUSTRE7AT2FB20111130

Publishers; Digital Good for Audience Development, Maybe Not Advertising

The State of the Digital Edition Industry in 2011:
Nxtbook Media [1] recently wrapped its 2011 State of the Digital Edition survey, which looked at audience development and revenue growth, as well as where mobile fits in...Publishers are less satisfied with digital editions as an advertising tool than as an audience tool.

Consumer Confidence Index Improves

Consumer Confidence Index Improves: The Conference Board Consumer Confidence Index®, which had declined in October, improved in November. The Index now stands at 56.0 (1985=100), up from 40.9 in October.

Progress on IP/Temple-Inland Deal

Temple-Inland settles shareholder lawsuits over sale to International Paper:
Austin-based packaging and building products maker Temple-Inland Inc. has settled multiple shareholder lawsuits over the company's planned $3.7 billion sale to International Paper Co., according to a securities filing.

Fibrek Recats to Resolute (AbitibiBowater) Bid

Fibrek reviews take-over bid from Resolute
The Board of Directors fears that Resolute’s unsolicited offer undervalues Fibrek and its future prospects. “The consideration offered under the Resolute proposal does not capture Fibrek’s true value for its shareholders”, said Pierre Gabriel Côté, President and Chief Executive Officer of Fibrek.