Wednesday, April 3, 2013

UPM Appoints Poulsen to Group Executive Team

UPM appoints Kim Poulsen to group executive team
UPM announced that Kim Poulsen has been appointed Executive Vice President and Group Executive Team member responsible for Paper Business Asia Pacific as of July 1 and global Corporate Relations as of May 2, 2013. Poulsen will be based in Shanghai
Poulsen will be based in Shanghai and reports to Jyrki Ovaska, President, Paper Business Group, in paper business related matters and to Jussi Pesonen, President and CEO, in Corporate Relations.
Pertti Salminen, who has been responsible for Paper Business Asia Pacific, will retire as planned in September 2013.
Poulsen has been working as Senior Vice President, UPM Plywood, since 2011.

Sale of SCA Laakirchen Mill to Heinzel

Divestment of Laakirchen mill now closed: SCA has now completed the previously announced divestment of the Laakirchen mill in Austria.
The Laakirchen mill, producing magazine paper, was sold to Heinzel Group. The closing follows clearance by relevant competition authorities.
The initial purchase consideration is EUR 100m with a possible maximum additional purchase price of EUR 100m based on a two-year profit-sharing model.

South America: Becoming Competitive Force in Forest Industry

Significant capacity expansion plans in South America are set to add between 20 to 30 million metric tons of chemical pulp to the global forest, paper, and packaging (FP&P) market by 2020. This is according to the 2013 Global forest, paper, and packaging trend watch: A changing landscape: South America's influence on global markets report released today by the Deloitte Touche Tohmatsu (DTTL) Global Manufacturing Industry group.
The report highlights the growing influence of South America on the global FP&P industry as an emerging consumer base as the region's reliance on paper imports to satisfy growing demand is expected to continue.  It also forecasts that South America, with its current investments into state-of-the-art production facilities, could also stake a competitive position in global markets.

Condé Nast Media Group Names President, Chief Revenue Officer

Louis Cona joined Condé Nast Media Group just five years ago, but he has quickly ascended to the top of the organization: company CEO Charles Townsend announced today that Cona will assume the role of president of the Condé Nast Media Group and chief revenue officer. -->
Cona joined Condé Nast Media Group in 2008 and has been the company’s chief marketing officer for the past three years. Earlier in his career, Cona spent four years as vice president and publisher of Vanity Fair and two years as vice president and publisher of The New Yorker.

In 24 Hours, Flipboard Users Create 100,000 Magazines

Flipboard recently rolled out version 2.0, which is being billed as a revolution for digital publishing. Its 50 million users can now cherry-pick articles from Flipboard and port these to collections of their own sharable magazines, pretty much in the same vein of the user-curated online news platforms Paper.li or Storify. And clearly, users are in favor of the custom-curation, because the numbers don’t lie: Within just 24 hours of releasing version 2.0, Flipboard has seen 100,000 magazines created, reports Mashable.
The news of the feature’s rapid adoption was announced by Flipboard’s partner of strategy and development, Paul Katz, at the Magazine Publisher Association conference.

27 Magazines Launched In Q1

A total of 27 new magazines launched in the first quarter of 2013, while nine titles closed.
New titles launched in the first quarter of 2013 include Glam Belleza Latina, a Spanish-language publication targeting Hispanic women produced by Glamour, as well as The Veil, a new bridal mag, and Politico Pro Magazine, a print magazine produced by the well-known political blog of the same name.  
Four business-to-business titles launched in the first quarter as well, including IR Quarterly, a trade publication for the medical field of interventional radiology.

Hearst Receives 9 National Magazine Nominations

The American Society of Magazine Editors (ASME) today announced the finalists for the 2013 National Magazine Awards. Known as the Ellies—for the Alexander Calder stabile "Elephant" given to each award winner-—the National Magazine Awards will be presented on Thursday, May 2, at the New York Marriott Marquis.
Sixty-two publications were nominated this year in 23 categories. Twenty-six magazines received multiple nominations, led by National Geographic with seven, followed by Bon Appétit and New York, both with six. GQ and The New Yorker both received five nominations; Esquire, Harper's Magazine, Mother Jones and Texas Monthly all received four.
Magazines with multiple nominations also include The Atlantic (3), Saveur (3), TIME (3), Wired (3), Bloomberg Businessweek (2), Byliner (2), Golf Digest (2) Los Angeles (2), Martha Stewart Living (2), The New York Times Magazine (2), Outside (2), The Paris Review (2), Real Simple (2), Scientific American (2),Slate (2), Sports Illustrated (2) and W (2).

American Greetings to be Sold

American Greetings Corporation (NYSE: AM) (the "Company" or "American Greetings") announced today that it has signed a definitive agreement under which a newly organized entity owned by the Weiss Family, including the Company's Chairman, Morry Weiss; Director and Chief Executive Officer, Zev Weiss; and Director, President and Chief Operating Officer, Jeffrey Weiss and related persons and entities, will acquire the Company.

Wall Street Journal Launches Turkish Site

Wall Street Journal launches Turkish site: The Wall Street Journal has introduced The Wall Street Journal Türkiye, an online edition at wsj.com.tr. The business newspaper is now producing 12 international websites in nine languages.