Thursday, February 28, 2013
Verso Increases Coated Freesheet Price
Verso Paper has announced an increase in coated freesheet paper on all orders shipping on or after April 1. The change applies to all coated freesheet grades, base weights, bulks and finsihes, including Influence and Velocity, the price of which will rise $2.50 per cwt.
Two More Mills Announce Pulp Hikes
Domtar announced to North American customers that its
northern bleached softwood kraft (NBSK) market pulp prices would increase
$30/tonne, effective March 1 until further notice.
Montreal-headquartered Domtar told domestic customers its
NBSK list price would increase to $930/tonne on Mar. 1.
NewPage informed North American customers today that it is
increasing market pulp prices on two key grades of bleached hardwood kraft
(BHK) by $30/tonne, effective with all new orders entered March 1.
Miamisburg, Ohio-headquartered NewPage told customers its
northern bleached hardwood kraft (NBHK) pulp price would increase to
$815/tonne.
B.C. Releases Forest Inventory Plan
A 10-year forest inventory plan
was released today with an average annual investment of $8 million over the
life of the plan, Forests, Lands and Natural Resource Operations Minister Steve
Thomson announced today.
Over the next decade, the annual
funding increase to $8 million will ensure 35 million hectares are inventoried
in mountain pine beetle affected and other priority areas. The plan outlines
nine goals, each with five- and 10-year targets, ensuring no forest cover data
is older than 30 years, while integrating 100 per cent of harvest,
reforestation and fire information updates into the inventory.
RR Donnelley Announces Debt Offering
RR Donnelley Announces $350 Million Debt Offering: R.R. Donnelley & Sons Company announced today that it plans to offer $350 million of senior notes due 2021 in an underwritten public offering. RR Donnelley intends to use the net proceeds from this offering, along with borrowings under its revolving credit facility, (1) to fund tender offers for up to $400 million aggregate principal amount of the company's 6.125 percent Notes due 2017, 8.600 percent Notes due 2016 and 7.25 percent Notes due 2018 based on prices to be determined and (2) to pay premiums in connection with those tender offers. If there are any remaining proceeds from the notes, RR Donnelley intends to use those proceeds to repay borrowings under its revolving credit facility and for general corporate purposes. Amounts repaid under its revolving credit facility may be reborrowed for general corporate purposes, including the repayment or redemption of other indebtedness. RR Donnelley expects to announce that it is commencing these tender offers in a separate press release issued upon commencing the tender offers. The completion of each tender offer will be subject to customary closing conditions.
Cenveo Reports 2012, Q4 Results
Cenveo Reports Decrease in Net Sales for Q4: Cenveo Inc. announced results for the three months and full year ended December 29, 2012. The company generated net sales of $451.8 million for the three months ended December 29, 2012, compared to $486.5 million for the same period last year. The company generated net sales of $1.8 billion for the year ended December 29, 2012, compared to $1.9 billion for the prior year.
Southern Living Partners With Southern Coterie
Southern Living Partners With Southern-Focused Social Network:
From Augusta to Austin, the south has its own distinct traditions and regional culture—both online and offline—which is why Time Inc.’s Southern Living magazine is partnering with The Southern Coterie, a southern-focused online social network.
From Augusta to Austin, the south has its own distinct traditions and regional culture—both online and offline—which is why Time Inc.’s Southern Living magazine is partnering with The Southern Coterie, a southern-focused online social network.
Wells Media Launches New Website
Wells Media Launches New Website:
In a particularly digital-first way, Wells Media, a San Diego-based b-to-b publisher serving the property/casualty insurance market, has launched CarrierManagement.com, which, for now, does not have a print counterpart and focuses on management issues for property/casualty insurance executives.
The site is intended to be a sister site to Wells' Insurance Journal brand, relying less on a news-focus and more on the trends in corporate management issues specific to insurance companies.
In a particularly digital-first way, Wells Media, a San Diego-based b-to-b publisher serving the property/casualty insurance market, has launched CarrierManagement.com, which, for now, does not have a print counterpart and focuses on management issues for property/casualty insurance executives.
The site is intended to be a sister site to Wells' Insurance Journal brand, relying less on a news-focus and more on the trends in corporate management issues specific to insurance companies.
This Old House Leverages Its Content
How This Old House Leverages Its Video Content:
For a magazine brand like Time Inc.'s This Old House, video is clearly a valuable asset, especially since it started out as a television show.
The magazine has ported a bunch of its video content to YouTube, which had about 93,000 views from mid-January through mid-February. Video on the site itself—which attracts about 2.9 million monthly uniques—notched close to 450,000 views last December. About 54,000 videos were watched on a mobile device during that same month.
Here, FOLIO: checks in with This Old House magazine editor Scott Omelianuk to trace the brand's video content evolution.
For a magazine brand like Time Inc.'s This Old House, video is clearly a valuable asset, especially since it started out as a television show.
The magazine has ported a bunch of its video content to YouTube, which had about 93,000 views from mid-January through mid-February. Video on the site itself—which attracts about 2.9 million monthly uniques—notched close to 450,000 views last December. About 54,000 videos were watched on a mobile device during that same month.
Here, FOLIO: checks in with This Old House magazine editor Scott Omelianuk to trace the brand's video content evolution.
Wednesday, February 27, 2013
EURO-GRAPH Reports January Coated & SC Ships
EURO-GRAPH has reported European shipments of coated mechanical paper declined -3.2% in January. Demand fell -1.1% and exports decreased -9.2%. Coated woodfree shipments rose by +1.1%, demand was down -2.7% and exports were up +14.6%. Shipments of Supercalendered paper increased +3.2% and demand rose +5.4%. Exports fell -8.9%.
More Mills Announce Pulp Price Increase
Tembec announced to customers in
North America and China that it is increasing northern bleached softwood kraft
(NBSK) pulp prices, effective March 1.
Tembec said its NBSK list price
would rise to $930/tonne, up $30/tonne on Mar. 1 in North America.
Canfor Pulp announced to US
customers today that it would increase northern bleached softwood kraft (NBSK)
pulp prices by $30/tonne, effective April 1, industry contacts told RISI. In
addition, the firm set $20-30/tonne price increases in China and Europe for
March business.
Harbor Paper Making Changes
Harbor Paper announced that they are cutting back production
heavily while they adjust their management.
In a release they say that when the Elliott Rust Companies
acquired Harbor Paper, the vision was clear. They wanted to build a highly
successful provider and producer of recycled papers utilizing renewable energy.
They say that "Harbor Paper remains dedicated to this vision-paper made
from paper".
Catalyst Paper Reaches CGW Milestone, Announces Newsprint Strategy
Catalyst Paper’s Port Alberni, BC, mill reaches 10-year year milestone as coated mechanical paper supplier for Rolling Stone Magazine: Catalyst Paper's Port Alberni mill is marking 10 years as the supplier of coated mechanical paper for Rolling Stone Magazine, Wenner Media's flagship publication. As the only producer of coated mechanical paper in Western North America , Catalyst's Port Alberni mill also supplies paper for the popular Men's Journal, and the Westcoast edition of Us Weekly.
Catalyst Paper (TSX:CYT) is taking a major step forward in its Latin American market development strategy with the launch of Marathon Lite - a high-performing newsprint grade with an industry-leading basis weight of only 40 grams per square metre (gsm).
Growing Catalyst's long-standing presence in Latin America is a focus of its emerging markets strategy and leverages freight-logical proximity to serve this market from its Pacific coast manufacturing facilities.
Growing Catalyst's long-standing presence in Latin America is a focus of its emerging markets strategy and leverages freight-logical proximity to serve this market from its Pacific coast manufacturing facilities.
More Details on NewPage Cuts
Thirteen employees at NewPage paper mill in West Duluth have
been laid off, the result of the companywide reduction of 300 employees.
NewPage Corp., owner of the Duluth mill and seven other mills
in the United States, is eliminating 300 of its 6,000 positions at its eight
U.S. paper mills because of rising costs and declining demand for its paper
products.
Boise Reports 2012, Q4 Results
Boise Inc. today reported net income of $13.5 million, or
$0.13 per diluted share, for fourth quarter 2012, compared with net income of
$16.3 million, or $0.15 per diluted share, for fourth quarter 2011. Net income
for the year ended 2012 was $52.2 million, or $0.52 per diluted share, compared
with $75.2 million, or $0.70 per diluted share, for the year ended 2011. Net income
excluding special items for the year ended 2012 was $71.6 million, compared
with $79.9 million for the year ended 2011.
2012
Highlights
Record annual sales of $2.56 billion, a 6% increase over 2011
Lecta Raises Coated Woodfree Price
Lecta, the second largest European coated woodfree
paper-manufacturing group, made up of Condat, Cartiere del Garda and
Torraspapel, informs its customers that the company will continue implementing
the announced price increase of 5 to 6% on its CWF paper in all the channels
and markets justified by the high level prices of main raw materials, transport
and energy.
AF&PA Reports January Paperboard Ships
The American Forest & Paper Association has released its
January 2013 U.S. Paperboard Report.
Total boxboard production increased by 0.9 percent compared to January 2012 and increased 1.7 percent from last month. Unbleached Kraft Boxboard production increased over the same month last year and increased compared to last month.
Total boxboard production increased by 0.9 percent compared to January 2012 and increased 1.7 percent from last month. Unbleached Kraft Boxboard production increased over the same month last year and increased compared to last month.
US Kraft Shipments Up 19%
US Kraft paper shipments increased substantially
According to the American Forest & Paper Association newly released January 2013 Kraft Paper Report, total Kraft paper shipments were 140.5 thousand tons, an increase of 19 percent compared to the prior month.
According to the American Forest & Paper Association newly released January 2013 Kraft Paper Report, total Kraft paper shipments were 140.5 thousand tons, an increase of 19 percent compared to the prior month.
U.S. Lumber Coalition Concerned with BC Policy
U.S. Lumber Coalition concerned by log export policy changes in British Columbia:
The U.S. Lumber Coalition has released the following press release:
The U.S. Lumber Coalition is seriously concerned by the recent announcement of log export policy changes in British Columbia (BC), particularly an increase in the “fee in lieu of domestic manufacturing” applied to many log exports that will take effect on March 1.
Log export restrictions have the effect of insulating BC lumber mills from world market prices for logs, which have increased significantly in recent years as China and other countries have increased their demand for North American logs. The recent announcement of measures to tighten log export restrictions on the BC Coast will allow BC lumber producers to pay even further below-market prices for their log inputs.
The U.S. Lumber Coalition has released the following press release:
The U.S. Lumber Coalition is seriously concerned by the recent announcement of log export policy changes in British Columbia (BC), particularly an increase in the “fee in lieu of domestic manufacturing” applied to many log exports that will take effect on March 1.
Log export restrictions have the effect of insulating BC lumber mills from world market prices for logs, which have increased significantly in recent years as China and other countries have increased their demand for North American logs. The recent announcement of measures to tighten log export restrictions on the BC Coast will allow BC lumber producers to pay even further below-market prices for their log inputs.
Quad/Graphics Reports Preliminary Q4, 2012 Results
Quad/Graphics Reports Preliminary Q4 and Full-Year 2012 Results: Quad/Graphics Inc. reported preliminary unaudited fourth quarter and full-year 2012 results in advance of management's attendance at the 2013 Baird Business Solutions Conference in New York City on February 27, 2013. For reconciliation of Adjusted EBITDA and Recurring Free Cash flow to U.S. generally accepted accounting principles (GAAP) measures, please see the accompanying information.
Bloomberg Pursuits Redesigns, Increases Frequency
Bloomberg Pursuits Redesigns and Ups Frequency:
“We’re competing in an attention economy—building an audience has never been more difficult,” Paul Bascobert, president of Bloomberg Businessweek, said at the 2012 American Magazine Conference in San Francisco this past October.
Now, Bloomberg Markets spin-off and luxury magazine Bloomberg Pursuits is doubling its frequency to four times a year and has redesigned itself—all moves to better compete in the “attention economy."
“We’re competing in an attention economy—building an audience has never been more difficult,” Paul Bascobert, president of Bloomberg Businessweek, said at the 2012 American Magazine Conference in San Francisco this past October.
Now, Bloomberg Markets spin-off and luxury magazine Bloomberg Pursuits is doubling its frequency to four times a year and has redesigned itself—all moves to better compete in the “attention economy."
Are These Ads Worth the Paper They’re Not Printed On?
Are These Ads Worth the Paper They’re Not Printed On?:
A campaign to promote the value of using paper is turning to everyday situations to make its point after spending more than two years at the office.
The switch in subject matter began last week, when the Domtar Corporation and its agency, the Charlotte, N.C., office of Eric Mower & Associates, added four video clips-cum-commercials to the campaign, which carries the theme “Paper because.” The humorous videos are billed as entries in a series of “Really, Really Short Films” that started with the introduction of the campaign, which is aimed at so-called thought leaders in fields like business and education, in September 2010.
A campaign to promote the value of using paper is turning to everyday situations to make its point after spending more than two years at the office.
The switch in subject matter began last week, when the Domtar Corporation and its agency, the Charlotte, N.C., office of Eric Mower & Associates, added four video clips-cum-commercials to the campaign, which carries the theme “Paper because.” The humorous videos are billed as entries in a series of “Really, Really Short Films” that started with the introduction of the campaign, which is aimed at so-called thought leaders in fields like business and education, in September 2010.
The first batch of videos, as well as the second, released in December 2011, offered viewers wacky vignettes that occurred at a workplace where a crusade to go “paperless” was carried to extremes. For instance, in one video, titled “Black Market,” an office worker begs her colleague for “more of that stuff you got me last week,” which turns out to be 20 sheets of paper.
Folio: People On The Move
People On The Move | 2.27.13: Everyday Health has promoted Paul Slavin as chief operating officer. Slavin was serving the publication as its senior vice president and general manager of global news.
Meredith has named Stan Pavlosky as senior vice president of Meredith National Media Group and president of AllRecipes.com. Pavlosky was previously vice president of ecommerce at Drugstore.com.
And more...
Meredith has named Stan Pavlosky as senior vice president of Meredith National Media Group and president of AllRecipes.com. Pavlosky was previously vice president of ecommerce at Drugstore.com.
And more...
Everyday Food Shifts Focus
Now, four months later, the publication has released the first of what will be five themed supplements to accompany Martha Stewart Living. While the print product--a 36-page, digest-sized folio--has less content that it did as a standalone 10-issue-per-year book, the brand's emphasis has changed, says Sarah Carey, editor-in-chief of Everyday Food.
Transition of Forbes Ad Revenue Model
The reinvention of Forbes Media extends well
beyond its content
model. The business side of the house is in transition as well as the
business publisher seeks to diversify its ad products and keep pace with the
growth of the digital audience.
Forbes is building out both its advertising products and its operations as it seeks to capitalize on a steady rise of website visitors. In a phone interview, Chief Revenue Officer Meredith Levien talked about the growth of Forbes’ digital business and the opportunities that lie ahead in areas such as native advertising and mobile.
Forbes is building out both its advertising products and its operations as it seeks to capitalize on a steady rise of website visitors. In a phone interview, Chief Revenue Officer Meredith Levien talked about the growth of Forbes’ digital business and the opportunities that lie ahead in areas such as native advertising and mobile.
Variety Shutters Daily Edition
Just a few months after being
sold to Deadline.com owner Jay Penske, Variety is making some big
changes. Beginning on March 18, the 108-year-old Hollywood trade
publication will no longer publish is daily broadsheet, The Daily Variety. The
Variety weekly magazine will stay in print, but with a new publishing
schedule—Tuesdays rather than weekends—and a new look, debuting on March 26.
Variety will also publish additional special editions.
In Thrifty Times for Publishers, Food Finds Success
Instead, the magazine, Delish, did well enough with its first issue in November, according to its publisher, Hearst Magazines, that it is being expanded this year to quarterly frequency. It will publish issues dated February, May, August and November.
Five Closed Quad/Graphics Plants Sold
http://thewritingfiendatlarge.files.wordpress.com/2013/02/new-mill-capital-llc-of-los-angeles-acquires-five-property-quad-graphics-portfolio-looking-to-reinvest-in-facilities-tenants-and-jobs-2-25-13-press-release.pdf
The five-facility transaction closed Friday, Feb. 22, for an undisclosed price, with New Mill Capital (NMC) already selling off one piece on closing day: a former Quad/Graphics printing plant in Jonesboro, Ark., to a confidential buyer, a national brand in the packaging industry committed to creating new jobs via expanded packaging lines. The four remaining Quad/Graphics properties, including a spectacular printing plant in Virginia, are being recast in signature IRG/NMC mode of adaptive reuse, to maximize value for client(s), buyers, sellers and communities alike.
The five-facility transaction closed Friday, Feb. 22, for an undisclosed price, with New Mill Capital (NMC) already selling off one piece on closing day: a former Quad/Graphics printing plant in Jonesboro, Ark., to a confidential buyer, a national brand in the packaging industry committed to creating new jobs via expanded packaging lines. The four remaining Quad/Graphics properties, including a spectacular printing plant in Virginia, are being recast in signature IRG/NMC mode of adaptive reuse, to maximize value for client(s), buyers, sellers and communities alike.
MSLO Reports 2012 Results
Martha Stewart Living
Omnimedia, Inc. (NYSE: MSO)
today announced its results for the fourth quarter and full year ended December
31, 2012. The Company reported revenue for the fourth quarter and full year of
$56.4 million and $197.6 million, respectively.
Abercrombie & Fitch to Close More Stores
Teen retailer Abercrombie & Fitch said
Friday it plans to close 40 to 50 of its U.S. stores this year as the company’s
shares took a nosedive following lukewarm sales over the holiday shopping
season, a crucial time for retail chains.
Comparable store sales at Abercrombie’s U.S.
stores fell 1 per cent in the fourth quarter, furthering previous declines in
the company’s selling power.
Tribune Takes Next Step for Newspaper Sales
The sale of Tribune’s newspaper properties -- including the Chicago Tribune, Los Angeles Times, The Baltimore Sun, and five other daily newspapers -- was widely expected as a follow-up to the company’s bankruptcy reorganization plan. Ownership passed to creditors, including Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan at the end of last year.
Conference Board Consumer Confidence Index Up
The Conference Board Consumer Confidence Index Rebounds in February: The Conference Board Consumer Confidence Index®, which had declined in January, rebounded in February. The Index now stands at 69.6 (1985=100), up from 58.4 in January. The Present Situation Index increased to 63.3 from 56.2. The Expectations Index improved to 73.8 from 59.9 last month.
Tuesday, February 26, 2013
A.T. Clayton Names CEO
Peter Harding
has been appointed to the position of Chief Executive Officer of A.T. Clayton
and Co. Mr. Harding, formerly Vice
President of Domtar’s Business Paper Group, joined ATC as President in
September of 2012.
Mark Vallely
will continue his service to A.T. Clayton and its sister companies, J.S.
Eliezer and Continuum, in the role of Chairman.
Mr. Harding
has promoted Francis Donelan and David Schmerzler, each to the position of Vice
President, Sales. Both men have been
with A.T. Clayton for more than a decade.
They will oversee sales, with a focus on
business development.
North American Coated & SC January Ships
North American January shipments of coated mechanical paper fell -5.7%, demand decreased slightly by -0.4%, but imports rose sharply by +23.8%. The operating rate was 90%. Coated woodfree shipments for the month increased +3.4%, demand was up 1.1% and imports declined -11.9%. The operating rate was 90%. Supercalendered paper shipments rose +19.5%, demand was up +13%, but imports fell -10.6%. The operating rtae was 91%. SC-A/SC-A+ demand increased by 25.5%.
Great Northern Millinocket Mill Razed
Great Northern Paper will raze the Millinocket mill site, preserving
PM 11; one of two PMs running full at East Millinocket.
Most
of the old Great Northern Paper Co.'s buildings will be razed as the new GNP
and its parent company prep the Katahdin Avenue mill site for an industrial
park, a company spokesman said Saturday.
|
Pulp Hikes Scheduled for Europe
Mercer International will raise its price for northern
bleached softwood kraft (NBSK) pulp in Europe to $860/tonne effective March 1.
Brazilian pulp producer Cenibra has begun informing
customers that it will raise its price for bleached eucalyptus kraft (BEK) pulp
in all regions effective March 1.
The increase will bring Cenibra's price for BEK in Europe to
$820/tonne, in China to $720/tonne and in North America to $870/tonne.
Stora
Enso today began informing its clients that it will increase its northern
bleached softwood kraft (NBSK) pulp prices to $860/tonne in the European
market, effective Mar. 1, which means a $20/tonne price hike. The company's
last price hike was announced in January, when values moved up to $840/tonne in
Europe.
Brazilian Fibria, world's largest bleached eucalyptus kraft
(BEK) pulp producer, today told RISI that is implementing a $20/tonne price
hike in all regions, effective Mar. 1. Prices in Europe will move to
$820/tonne, to $870/tonne in NA and $720/tonne in Asia.
Södra will raise the price of its softwood pulp to US$
860.00 and hardwood pulp to USD 820.00 per tonne in Europe effective from 1st
March 2013.
China Launches Anti-Dumping Investigation
China launches dissolving pulp anti-dumping investigation against Canada, Brazil, and USA:
China has initiated an anti-dumping investigation into the dissolving pulp exported from Canada, Brazil, and the USA.
The probe has started at the request of Chinese pulp, paper, textile and cotton product producers.
China has initiated an anti-dumping investigation into the dissolving pulp exported from Canada, Brazil, and the USA.
The probe has started at the request of Chinese pulp, paper, textile and cotton product producers.
RRD Reports 2012 and Q4 Results
R.R.
Donnelley & Sons Co. today reported a 2012 fourth-quarter net loss
attributable to common shareholders of $849.0 million, or $4.70 per diluted
share, on net sales of $2.7 billion compared to a net loss of $326.7 million,
or $1.78 per diluted share, on net sales of $2.7 billion in the fourth quarter
of 2011. The fourth-quarter net loss attributable to common shareholders
included pre-tax net charges, primarily related to non-cash impairment,
totaling $1.0 billion in 2012 and $483.9 million in 2011. The non-cash
impairment charges followed our annual impairment test of indefinite-lived
assets.
Girl Scouts Sell Magazine Subscriptions
Girl Scouts to Sell Magazine Subs:
When Girl Scout troops knock on your door this year, they may have more than just cookies for sale.
Magazine subscription agency M2 Media Group has entered into a licensing agreement with Girl Scouts of the United States of America to provide a new product sales program opportunity for Girl Scout councils nationwide. M2 will partner with local Girl Scout councils to provide members the opportunity to sell magazines and digital subscriptions, utilizing both an online marketplace and face-to-face sales.
When Girl Scout troops knock on your door this year, they may have more than just cookies for sale.
Magazine subscription agency M2 Media Group has entered into a licensing agreement with Girl Scouts of the United States of America to provide a new product sales program opportunity for Girl Scout councils nationwide. M2 will partner with local Girl Scout councils to provide members the opportunity to sell magazines and digital subscriptions, utilizing both an online marketplace and face-to-face sales.
Infographic: Magazine Editorial Salaries
Infographic: A Five-Year Look at Magazine Editorial Salaries: Every year FOLIO: conducts a nationwide survey with mid and executive-level editors. The survey maps out salary ranges across a number of demographics including gender, age, location, company size, education and more. The infographic below provides an interactive breakdown on several key trends that have occurred over the last five years.
New Social Networks for Publishers
Beyond the Big Three: New Social Networks for Publishers:
Social media is a direct extension of your editorial voice and brand. For many, your publication doesn’t exist outside of the social world—until they find you in it. For instance, I was introduced to the Pulitzer Prize-winning site Pro Publica via Tumblr. Their “Officials Say the Darnest Things” Tumblog is focused and funny. Now I’m hooked.
Think of social as the front porch to your brand: It should have curb appeal and be inviting.
While it’s important to stay active within the Big Three (Facebook, Twitter and Pinterest), there are untapped audiences for content publishers in the social universe. Consider activating one of these “new” social media communities as you build your online strategy.
Some of these may not be for all of you, but the idea here is to think of unique avenues for growing your audience.
Social media is a direct extension of your editorial voice and brand. For many, your publication doesn’t exist outside of the social world—until they find you in it. For instance, I was introduced to the Pulitzer Prize-winning site Pro Publica via Tumblr. Their “Officials Say the Darnest Things” Tumblog is focused and funny. Now I’m hooked.
Think of social as the front porch to your brand: It should have curb appeal and be inviting.
While it’s important to stay active within the Big Three (Facebook, Twitter and Pinterest), there are untapped audiences for content publishers in the social universe. Consider activating one of these “new” social media communities as you build your online strategy.
Some of these may not be for all of you, but the idea here is to think of unique avenues for growing your audience.
Pearson Reports 2012 Results
Financial highlights
Sales up 5% at CER to £6.1bn (with digital and services businesses contributing 50% of sales)
Adjusted operating profit 1% higher at £936m
Adjusted EPS of 84.2p (86.5p in 2011)
Operating cash flow of £788m (£983m in 2011)
Return on invested capital of 9.1% (9.1% in 2011)
Dividend raised 7% to 45.0p.
Sales up 5% at CER to £6.1bn (with digital and services businesses contributing 50% of sales)
Adjusted operating profit 1% higher at £936m
Adjusted EPS of 84.2p (86.5p in 2011)
Operating cash flow of £788m (£983m in 2011)
Return on invested capital of 9.1% (9.1% in 2011)
Dividend raised 7% to 45.0p.
Buffett Buys Another Newspaper
The privately held Tulsa newspaper has a daily circulation of 95,000. The sale was reported Monday by the Tulsa World and Berkshire’s Omaha World-Herald, whose executives oversee the company’s newspapers.
Terms of the deal, which is expected to close in March, weren’t disclosed.
NYT Renames International Herald Tribune
The New York Times Co. has renamed the iconic
126-year-old International Herald Tribune.
It's now the International New York Times, reports The Wrap, which will be introduced later this year as
a multiplatform version of the NYT. According to a NYT story on the renaming, the fate of the IHT's staffers is unclear. Half of the newspaper’s
staff work in Paris, and the rest operate across the globe. Founded in 1887 as
the European edition of the New York Herald, the
paper has been headquartered in Paris ever since.
Xerox Acquiring Impika
Xerox Strengthens Leadership in Production Color Printing Through Acquisition of Industrial Inkjet Provider, Impika: NORWALK, Conn. — Xerox has acquired Impika, a leader in the design, production and sale of production inkjet printing solutions used for industrial, commercial, security, label and package printing.
Monday, February 25, 2013
NewPage Luke Mill Gets Energy Break
Maryland, Washington DC,
utilities pay NewPage’s Luke paper mill for renewable energy from black liquor
process.
| When Maryland and the District set floors requiring
electric utilities to use increasing amounts of renewable energy,
environmentalists cheered the prospect of money going to new solar and wind
projects. But today, several years after the legislation went into effect, it has had an unexpected outcome. Thanks to a wrinkle in the definition of renewable, the lion's share of the money used to meet those standards is flowing to paper companies that burn "black liquor," a byproduct of the wood-pulping process. Paper mills have been using black liquor to generate most of their power needs since the 1930s. |
Alberta-Pacific Announces Pulp Price Hike
Alberta-Pacific (Alpac)
announced that its aspen northern bleached hardwood kraft (NBHK) pulp
price would increase in North America and China, effective March 1 until further notice.
Alpac Pulp Sales said Friday that aspen grade NBHK price would increase by $30/tonne, to $820/tonne in North America.
In addition, Alpac said its
export price to China would be $660/tonne. That's $20/tonne above its last
price announcement, when the firm raised NBHK to $640/tonne.price would increase in North America and China, effective March 1 until further notice.
Alpac Pulp Sales said Friday that aspen grade NBHK price would increase by $30/tonne, to $820/tonne in North America.
Suzano also slated its Mar. 1 list
price at $870/tonne in North America, $820/tonne in Europe, and $720/tonne in
Asia.
Promotions Pushed Consumer Purchases
http://www.reuters.com/article/2013/02/20/ca-strongmail-systems-idUSnBw8vnhKja+104+BSW20130220
The survey, conducted online nationwide by Harris Interactive on behalf of StrongMail from January 7-9, 2013 among 2,166 online adults ages 18 and older, found that 67 percent of U.S. online consumers made a purchase from a retailer during the 2012 holiday season as a result of a sale or promotion. Of those who made a purchase from a retailer as a result of a sale/promotion this past holiday season, more than half (51 percent) said an email from a retailer influenced their purchase decision, followed by TV ads (45 percent), print ads (newspaper/magazine) (42 percent) and online advertising (33 percent).
The survey, conducted online nationwide by Harris Interactive on behalf of StrongMail from January 7-9, 2013 among 2,166 online adults ages 18 and older, found that 67 percent of U.S. online consumers made a purchase from a retailer during the 2012 holiday season as a result of a sale or promotion. Of those who made a purchase from a retailer as a result of a sale/promotion this past holiday season, more than half (51 percent) said an email from a retailer influenced their purchase decision, followed by TV ads (45 percent), print ads (newspaper/magazine) (42 percent) and online advertising (33 percent).
Revenue-Hungry States Look at Taxing Ads
Desperate for cash, the governors of Ohio and
Minnesota are eyeing a tax on advertising. And even as agencies, broadcasters,
newspaper publishers and big advertisers prepare to push back, there is concern
that such moves could not only pass, but spread to other states and to the
federal level
2013 So Far
Reader’s Digest, staggering under $1.2 billion in debt, has filed for bankruptcy for the second time in four years. Rolling Stone owner Jann Wenner managed to stave off a bankruptcy filing of his own by refinancing $200 million of debt under spartan new terms.
And in the biggest news of all, Time Inc. is negotiating to spin off most of its magazines into a new company to be controlled by Meredith Corp. Held back from the deal will be Time magazine, Fortune and Sports Illustrated; Meredith is “said not to want them,” according to Michael Wolff.
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