Resolute Launches Senior Notes, Tender Offer

http://www.resolutefp.com/en/?langtype=4105 
Resolute Announces Proposed Offering of Senior Notes

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it has launched a private offering for $600 million aggregate principal amount of senior notes due 2023. The notes will be unsecured and guaranteed by substantially all of Resolute's U.S. subsidiaries. The net proceeds from the sale of the 2023 notes will be used in connection with the repurchase, repayment or other discharge of all, or substantially all, of the $501.2 million outstanding aggregate principal amount of the Company's 10.25% senior secured notes due 2018. The Company has contemporaneously launched a tender offer for the 2018 notes, which offer is scheduled to expire at 12:00 midnight, New York City time, on May 21, 2013, unless extended by the Company. 
Resolute Launches Tender Offer and Consent Solicitation for its 10.25% Senior Secured Notes

Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it has launched a cash tender offer for any and all of its $501 million outstanding aggregate principal amount of 10.25% senior secured notes due 2018 (CUSIP No. 003687AB6) (the "2018 notes").  In connection with the tender offer, Resolute is soliciting consents to amend the 2018 notes and the indenture that governs them to eliminate substantially all the restrictive covenants and certain events of default, and to release all the collateral securing the 2018 notes.  The tender offer and consent solicitation are being made pursuant to an offer to purchase and consent solicitation statement, dated April 24, 2013 (the "offer to purchase"), which more fully sets out the terms and conditions of the tender offer and consent solicitation.

Georgia-Pacific to Buy Buckeye Technologies

Georgia-Pacific to buy Buckeye Technologies:
Georgia-Pacific is buying Buckeye Technologies Inc., boosting its product lineup, for about $1.46 billion.
The privately held Atlanta-based paper, packaging and building products company says it reached a deal to buy all of Buckeye's common stock for $37.50 per share. The price represents a 25 percent premium over Buckeye's Tuesday closing stock price. Its shares are trading at that price as the markets open.
Memphis, Tenn.-based Buckeye makes and markets specialty fibers and nonwoven materials made from wood and cotton.

Investment in Renewables Forecast to Triple

http://washpost.bloomberg.com/Story?docId=1376-MLIBEM07SXKX01-0ODEK5EPJ0OTHBV8JQ9SN3BE9F

The plunge in the cost of wind and solar power that bankrupted more than two dozen manufacturers is forecast to spur a tripling of investment in renewables by 2030 and to reduce the grip fossil fuels have on world energy supply.

Annual spending on clean-energy projects that don’t add to greenhouse-gas pollution may rise to $630 billion at the end of the next decade from $190 billion last year, Bloomberg New Energy Finance said in a report today. That’s 37 percent more than estimated in November 2011 and means renewables would account for half of all generation capacity by 2030.

Recognizing Economic Value of Natural Assets

http://www.worldbank.org/en/news/press-release/2013/04/18/call-to-action-on-recognizing-the-true-value-of-nature

More and more countries are putting natural assets like clean water, forests and other ecosystems into the center of their economic decision-making, a High-level Ministerial Dialogue on Natural Capital Accounting, on the eve of the World Bank-IMF Spring Meetings, heard today. 
Over 25 ministers and vice-ministers of finance, development and environment attended the Dialogue – which convened the `first-movers’ of Natural Capital Accounting (NCA). This is a group of more than 60 countries committed to supporting NCA to move beyond GDP as the main measure of an economy’s progress.

The Atlantic to Launch a Paid Online Product

http://www.minonline.com/news/22257.html

The Atlantic Monthly Group will release some form of paid content product online in the coming weeks President Justin Smith said at a conference in New York last week. On a panel of publishers that included News Corp. and MLB, Smith said that the plan was to explore every kind of business model and monetization method for digital. “To see the ad model is going to win over the pay model is foolish,” he said. Adding to the chorus of support for paid content online was President and CEO of MLB Advanced Media Bob Bowman who said, any publication out there should have a paid content product."
Interestingly, the Atlantic has proven to be among the most successful of magazines to make the transition to digital. It’s digital revenue was up 33% in 2012 and a substantial part of the company’s third year of profitability.

Niche Publications Surviving

http://online.wsj.com/article/SB10001424127887323735604578436903965435268.html

Even as print media churns through phases of collapse, revolution and rejuvenation, niche publications seem to pop up constantly. With tiny operations, they serve readers mad for things like home-brewed kale juice and exploring perspectives on contemporary art.

But this is all old hat for the Hudson Review, which has been blossoming with quarterly pages of poetry, fiction and criticism since 1948.

Bauer Suspends More Magazine

Bauer suspends More magazine as circulation drops below 100,000:
The magazine, printed by Polestar Bicester, has been running for 25 years but ran its last issue on Tuesday as its 22 staff entered a consultation period. The publisher will not decide whether to completely close the magazine until the consultation period has ended.

Folio: People On The Move

People On The Move | 4.24.13:
Timothy O'Brien has joined Bloomberg View as publisher. O'Brien was previously executive editor at The Huffington Post.
Frommer's has named Jason Cochran as its new editor-in-chief. Cochran joins the publication from AOL Travel where he was an executive editor.
Kasia Cieplak-Mayr von Baldegg has been named as an executive producer at The Atlantic. She was previously an associate editor with the company.
The Association of Magazine Media (MPA) has promoted Ethan Grey to senior vice presient of digital strategy and initiatives. Grey was previously vice president of digital at MPA.
And more...

USPS Awards FedEx Air Cargo Network Contract

USPS Awards FedEx Air Cargo Network Contract: On April 23, 2013, the United States Postal Service awarded Federal Express Corporation (FedEx) a seven-year Air Cargo Network contract to provide domestic air transportation service for Priority and Express Mail. The current contract with FedEx ends in September 2013, and the new contract will begin in October 2013.

Postal Service Names VP Digital Solutions

The Postal Service Hires a Cop to Bust Down the Digital Door: How many entrenched old enterprises, confronted with their very mortality in the face of encroaching digital domination, would put one of their security chiefs in charge of innovation? That's exactly what the United State Postal Service did in appointing Deputy Chief Postal Inspector Randy Miskanic its new vice president of digital solutions.