The FFIF has signed a collective bargaining contract with three Finnish unions representing 94% of forest workers in the country. Paperiliitto, Pro and the Federation of Professional and Managerial Staff have agreed to a wage increase of 4.3% over the 25-month length of the contract. The white-collar workers of Pro had held several strikes last spring during negotiations.
Friday, December 9, 2011
Transcontinental Inc. Reports 2011 Earnings
Transcontinental announced FY 2011 revenues of $2.044 billion, up 1% over last year. Earnings were driven by its Printing sector as a result of new contracts and increased volume. Adjusted operating income was $252.7 million, also up 1%. Revenues for the fourth quarter were $537.5 million, down -3% as compared to the same quarter last year. Adjusted operating income was $86.3 million, a decrease of -3%.
Magazines Feature More QR Codes
GfK MRI Starch released a report showing that QR codes, or snap tags, appeared in 5% of magazine ads from January through August this year, as compared to 1.3% last year. Still unproven is the effectiveness of the QR codes; there isn’t evidence as yet that they bring additional consumer attention.
Magazine Roudup
Source Link Media has named Jim Adolph as publisher of its American Motorcycle Group. Mr. Adolph was formerly publisher of Car Craft and Dog Racing magazines. The Group includes Hot Bike, Hot Bike Baggers and Street Choppers magazines.
McGraw-Hill, which announced in September that the company was splitting into McGraw-Hill Financial and McGraw-Hill Education, has reported that it is cutting 10% of its workers, 550 employees, at the latter. The move is part of a plan to decrease annual costs by $100 million.
Bonnier Corp. has acquired four hunting expos from Target Communications. Terms of the deal were not disclosed. Bonnier publishes Field & Stream and Outdoor Life.
Publisher Get Married Media is shutting down its Get Married magazine and website this month.
Hoffman Media will no longer publish Semi-Homemade magazine, with Food Network celebrity chef Sandra Lee, after the January/February edition. A Sandra Lee spokesperson said the magazine would be restarted as part of a “multiplatform brand reorganization.”
Future Publishing is merging its UK and U.S. operations and creating a single global product line. The company produces gamer, music and technology enthusiast brands. Rachelle Considine has been promoted to chief operating officer.
Resolute and West Fraser Announce Pulp Price Cuts
Resolute Forest Products (Resolute) announced its list prices on five key grades of market pulp to North American customers this week, effective December 1 until further notice. For softwood kraft grades it slated price decreases of $30/tonne.
West Fraser informed North American customers that its northern bleached softwood kraft (NBSK) pulp price will decrease to $890/tonne, effective December 1 until further notice.
Voith Chairman Leaving Company
Peter Edelmann (52), Chairmann of the Management Board of Voith Turbo GmbH & Co. KG and Member of the Corporate Management Board of Voith GmbH is leaving the company upon his own request and by mutual agreement on the last day of the year.
IBM to acquire marketing analytics company DemandTec
IBM Corp. plans to acquire DemandTec Inc., whose cloud-based analytics service aids companies in setting price, promotion and merchandising tactics. The price is $440 million.
McGraw-Hill to cut 550 jobs in education business
McGraw-Hill Cos. has announced plans to cut 550 jobs, or 10% of its workforce, at McGraw-Hill Education. That move was among a number of initiatives McGraw-Hill unveiled Wednesday in an update on its plan, announced in September, to separate into two independent companies: McGraw-Hill Financial and McGraw-Hill Education.
Global Ad Spending Up 2011
Global ad expenditures will end the year at $464 billion, 3.5% higher than 2010, according to ZenithOptimedia, a Publicis Groupe company, then accelerate through 2014.
Heidelberg:Future Print Volumes
Heidelberg held its traditional end-of-year press briefing this week against a backdrop of extraordinary events in the industry and beyond.
With the situation at insolvent rival Manroland in flux, and the ongoing crisis in the Eurozone yet to be resolved, the world’s largest printing equipment manufacturer reaffirmed its confidence in the future of the industry.
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