Time Hires Bain, Two Exec.s Leaving

http://adage.com/print/233200

Time Inc., which publishes magazines from People to Sports Illustrated, has hired consultant Bain & Co. to help it find ways to grow. Two top executives are also leaving Time Inc.: Steve Sachs, the exec VP in charge of consumer marketing, and Chief Marketing Officer Stephanie George.

Still Working on Sale of St. Mary's

http://www.saultthisweek.com/ArticleDisplay.aspx?e=3492769

A sales process to find a new buyer or sell off assets for bankrupt St. Marys Paper is still underway although the final closing date to finalize the process passed by on Friday, March 2.

Alex Morrison, court appointed receiver for Ernst and Young said from Toronto Monday: “All I can tell you is we are still involved with the sales process..."

Appleton CEO on Cut Backs

http://www.daytondailynews.com/business/ceo-no-veto-power-for-appleton-union-1339478.html

The United Steelworkers can't "veto" a paper-supply agreement between Appleton and Domtar, a pact that will allow Appleton to cut 330 jobs from its West Carrollton mill, Appleton executives told industry analysts in a conference call Tuesday.

Quad/Graphics to Close Plant

Quad/Graphics to Close Its Plant in Jonesboro, AR: Quad/Graphics Inc. announced it will cease production at its Jonesboro, AR, facility in the fourth quarter 2012 as it continues to consolidate work onto its most efficient and competitive manufacturing platforms. The plant encompasses approximately 600,000 square feet and currently employs approximately 600 people.

Senator Critical of PRC

Regulators Criticized Over Review of USPS Network Cutbacks: Tom Carper, the Senator for Delaware and a leading voice in Congress pushing for major postal reforms, said that it was “unclear” why the Postal Regulatory Commission was expecting to take until this summer to produce its advisory opinion on USPS downsizing plans. Carper said if the Commission cannot produce even preliminary findings by May, it could find itself sidelined as USPS looks to begin plant closures as soon as possible.