Resolute Forest Products reports net loss of $2 million in 2012:
Resolute Forest Products reported its Q4 and 2012 results today.
The company reported a net loss of $2 million for 2012, compared to a net income of $41 million in 2011.
The net loss in the 4th quarter was $36 million on sales of $1.1 billion, compared to a net loss of $6 million on sales of $1.1 billion in the 4th quarter of 2011.
“We significantly improved the Company’s competitiveness by optimizing our asset base, reducing costs wherever possible and strengthening our financial position this year,” said Richard Garneau, president and chief executive officer. “We added pulp assets, committed to growth projects in lumber, invested in power cogeneration plants and further optimized our paper assets, steps that will position us well for the future. At the same time, we returned $67 million to our shareholders in share buybacks, reduced balance sheet working capital by a further $81 million from the end of 2011 and redeemed an additional $85 million of debt.”
Tuesday, February 12, 2013
Paper Industry Begins to Stabilize
Paper Industry Begins to Stabilize:
It’s no secret that the paper industry has suffered through volatility as digital mediums wrest readers from print. The aggregate effects of publishers slashing pages and mills shutting down swung prices wildly over the past several years on yet another front of the battle between digital and print.
The market may be stabilizing though as paper mills adjust and page counts slow their decline.
For Terry Choate, president of Making Magazines, static pricing has been a function of the paper mill industry’s ability to manage their own supply.
“The paper mills have done a better job downsizing recently,” he says. “[They’re at] the point where their capacity is pretty much in line with demand.”
It’s no secret that the paper industry has suffered through volatility as digital mediums wrest readers from print. The aggregate effects of publishers slashing pages and mills shutting down swung prices wildly over the past several years on yet another front of the battle between digital and print.
The market may be stabilizing though as paper mills adjust and page counts slow their decline.
For Terry Choate, president of Making Magazines, static pricing has been a function of the paper mill industry’s ability to manage their own supply.
“The paper mills have done a better job downsizing recently,” he says. “[They’re at] the point where their capacity is pretty much in line with demand.”
Vermont Gas Plans Line for IP's Ticonderoga
While
Vermont Gas Systems Inc. is now actively seeking the necessary permits and
easements it needs to extend its pipeline south into Vergennes and Middlebury
by next year, the company is also starting to lay the groundwork for the second
phase of its expansion plans: Service to International Paper Co. in
Ticonderoga, N.Y., by 2015, a construction project that will affect several
property owners in Cornwall and Shoreham.
Vermont
Gas officials have already met with the Cornwall selectboard for some
preliminary discussions about the 10.5-mile underground pipeline segment that
would extend from Middlebury through Cornwall and Shoreham, then flow under
Lake Champlain to the International Paper Co. mill in Ticonderoga.
Hearst's President: People Still Reading Magazines
http://allthingsd.com/20130212/hearsts-david-carey-on-how-people-are-still-reading-magazines-really/
Despite what you may have read online, the print magazine business is
actually pretty good.
Or so says Hearst Magazines President David Carey.“A lot of magazines get tarred with a lot of the anxiety around the newspaper business,” Carey said, speaking at our D: Dive Into Media conference. “Magazine brands are powerful things.”
Fashion and beauty advertising hit a new record last year, Carey said, and younger women in particular remain avid magazine enthusiasts. (Younger men are still a challenge, Carey agrees.)
NAA Suit Against PRC Proceeds
NAA Files Brief in Suit against the Postal Regulatory Commission: On behalf of its member newspapers, the Newspaper Association of America filed its initial brief today in its lawsuit against the Postal Regulatory Commission regarding that agency’s August 2012 decision to approve a negotiated service agreement between the U.S. Postal Service and Valassis Direct Mail. The lawsuit is being heard in the U.S. Court of Appeals for the District of Columbia Circuit.
Under the NSA, USPS granted Valassis Direct Mail discounts of 20 percent to 34 percent on new mail pieces containing advertising from national retailers of durable and semi-durable goods. Through these discounts, the U.S. Postal Service—a governmental enterprise—has given one company a price incentive to move advertising inserts out of newspapers delivered to consumers’ homes. Advertising inserts comprise a critical revenue stream that supports the original reporting done by local newspapers in service to their communities.
Under the NSA, USPS granted Valassis Direct Mail discounts of 20 percent to 34 percent on new mail pieces containing advertising from national retailers of durable and semi-durable goods. Through these discounts, the U.S. Postal Service—a governmental enterprise—has given one company a price incentive to move advertising inserts out of newspapers delivered to consumers’ homes. Advertising inserts comprise a critical revenue stream that supports the original reporting done by local newspapers in service to their communities.
Easy Sales for Digital Presents Challenge
Digital media sales is a great business to be in at the moment. Interactive advertising revenue in the U.S. regularly goes up by double digits year over year. Advertising is the standard means of monetizing digital content, and all content is becoming digital. It's easy to make money selling digital advertising—but that's actually a really big problem.
The 2012 Interactive Advertising Bureau Interactive Ad IQ Survey demonstrated that industry professionals aren't comfortable articulating the value of digital media platforms. Eighty percent of respondents said understanding the value of online video was important, but nearly 20% weren't comfortable articulating its value in an overall media mix. For search, a classic, 35% of respondents expressed a lack of comfort. If we don't pause for regular training, we won't be able to articulate the value of our ever-evolving and advancing media to marketers; and if we can't communicate value, we can only sell on price.
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