Thursday, June 6, 2013

Six Mills Have Announced Newsprint Increase

A total of six North American newsprint producers have now announced $40/tonne price increases effective July 1 on shipments of 30-lb (48.8 gsm) newsprint, with the price of other basis weights increased accordingly.
They include four of North America's five largest newsprint makers by capacity - Kruger, White Birch, SP Fiber Technologies and Norpac. Catalyst and Howe Sound have also matched the increase.
The first producer to announce was White Birch, which informed its customers of the hike on May 30. The most recent, SP Fiber Technologies, told customers today.

IP Raises Coated Bristol Price

International Paper (IP) told customers today that it will raise the price of its 7pt- 12pt C1S Carolina, and all Carolina C2S basis
weights, by $50/ton ($2.50/cwt) effective with June 24 shipments.
IP added that it would not be increasing the Carolina warehouse price.

Pension Dispute in Port Hawkesbury

Pension dispute of former NewPage Port Hawkesbury workers heads to mediation:
Last year about 250 former NewPage Port Hawkesbury employees were told they had been overpaid thousands of dollars and needed to pay it back.
The current pension plan administrator, Morneau Shepell, blamed the previous administrator, Aon Hewitt, for the estimated $6 million miscalculation.
Both companies have agreed to present a mediator with their arguments in August.

Auction in Advance of Sartell Demolition

The demolition of the iconic paper mill along the Mississippi River in Sartell won’t start until at least next month, but the dismantling of one of the area’s biggest employers for more than a century has begun.
On Tuesday, a couple of hundred bidders and watchers viewed the start of a two-day auction of equipment, shop tools, materials, cranes and myriad other items that remained in the 1 million-square-foot manufacturing facility. On Thursday, winning bidders will begin to haul away their purchases. Items that can be moved without a forklift will be gone by Saturday. Bigger equipment will be removed by riggers in the next two weeks, with the most difficult pieces scheduled for late June.
AIM Development bought the mill contents and property from Verso Paper Corp. after last year’s Memorial Day explosion and fire led to the 105-year-old plant’s demise. The development company, a subsidiary of Montreal-based American Iron & Metal, brought in BidItUp Auctions & Appraisals from California to run what probably qualifies as the biggest rummage sale in Central Minnesota history.

Twice the Wildfires Than 40 Years Ago

U.S. Forest Service Chief Tom Tidwell highlighted the challenges facing the agency as it continues to respond to increasingly extreme wildfires, in a statement before the Senate Energy and Natural Resources Committee today.
“On average, wildfires burn twice as many acres each year as compared to 40 years ago. Last year, the fires were massive in size, coinciding with increased temperatures and early snow melt in the West,” said Tidwell. “The largest issue we now face is how to adapt our management to anticipate climate change impacts and to mitigate their potential effects."

Finland Enters Recession

Finland slipped into a recession in the three months to March, the latest member of the euro zone to succumb to the currency area's longest postwar contraction that appears set to continue.
Finland is regarded by economists as a member of the euro zone's stronger "core," comprising those economies that have relatively manageable debts and high credit ratings. But according to figures released Wednesday by the European Union's statistics agency, Finland joined France and the Netherlands as other core nations mired in recession, and became the ninth euro-zone member to experience at least two straight quarters of economic contraction. Germany and Belgium, two other members of that core group, each grew by just 0.1% over the first quarter, while Austria's economy was flat.

Hearst's Harper's Bazaar Redesign

We’ll call it the Gwyneth era, the recent exciting period of growth and change at Harper’s Bazaar. It kicked off with the March 2012 redesign, which included a one inch wider trim size, higher quality paper and a splashy new interior with dramatic type treatments designed by Robin Derrick, Former Creative Director of British Vogue and Executive Creative Director of Spring Studios.

Newsweek Daily Beast CEO Resigns

Baba Shetty, the Newsweek Daily Beast Co. CEO, is leaving the company ahead of Newsweek's planned sale, Tina Brown announced today in a company-wide memo. Shetty, who was the chief of strategy and media at ad agency Hill Holliday when he joined Newsweek in late 2012 and oversaw Newsweek's recent transition to a digital-only magazine, is planning to take the summer off "to spend some time with his family," Brown wrote. "We wish Baba great success in his future ventures," she added.
NewsBeast international publisher Rhona Murphy will return to New York as interim CEO. Also getting a title upgrade is vp of operations Andrew Perlmutter, who has been named general manager of business operations and development.

Cabels's Opens More Stores

Cabela's Incorporated (NYS: CAB) , the World's Foremost Outfitter® of hunting, fishing and outdoor gear, announced today plans to bring the unique Cabela's shopping experience to customers in Cheektowaga, N.Y.; Lubbock, Texas; and Berlin, Mass. 
The Cheektowaga and Lubbock stores are scheduled to open in 2014. The Berlin location is expected to open in 2015.

PwC: Newspaper Revenue Declines Through 2017

http://adage.com/article/media/newspaper-revenue-declines-2017-pwc/241860/
Total U.S. newspaper revenue is projected to slip at a combined annual growth rate of 2.9% between 2013 and 2017, as circulation trends improve but advertising falls at a compound annual rate 4.2%, according to the latest annual Global Entertainment and Media Outlook from PricewaterhouseCoopers.
Some of that promise comes in the form of more readers online. Newspaper websites drew more than 100 million unique visitors in 2012, according to the Newspaper Association of America. They also saw a 7% boost in unique visitors between the ages of 21 to 34. As more people go to newspaper websites, digital advertising is expected to increase through 2017, growing at a compound annual rate of 9.7% between 2013 and 2017, the report said. But the gains won’t be enough to offset the 7.8% compound annual decline in print ads.

The Micropublishing Explosion

Last week, Marco Arment announced that he has sold The Magazine to the minimalist iOS publication’s executive editor, Glenn Fleishman. Arment said he had accidentally built a business he was ill-suited to running. “Glenn’s doing almost everything already, so I’m effectively a figurehead,” he said.
It might also have been the case, however, that Arment saw that a wider trend was on its way, one that would see The Magazine as just one among thousands of titles available through the App Store.
When The Magazine launched just seven months ago, it stood out as the first publication that traded on the principles of “Subcompact Publishing,” a manifesto laid out by designer and writer Craig Mod. (Update: Fleishman has pointed out, however, that The Magazine pre-dated Mod’s essay.) The Magazine was built for the age of smartphones and tablets from the ground up, free from the legacy concerns of traditional magazines, which have been stuck adapting their print products for digital consumption, usually with nothing more than glorified PDFs. Arment’s product, on the other hand, was consistent with the tenets of subcompact publishing: lightweight, easy to distribute, and easy to use.

Reed Elsevier Completes Divestiture

http://www.retailonlineintegration.com/article/how-many-times-do-consumers-get-mailing-catalog-before-they-buy/1
Reed Elsevier Group has completed the sale of its French b-to-b media and professional services unit, Reed Business Information France, to funds managed by Edmond de Rothschild Investment Partners, BNP Paribas Développement and some officers of the company. 
This divestiture is the latest in Reed Elsevier's ongoing effort to improve its earnings by focusing on electronic formats and face-to-face conferences and exhibitions. Most of the company's RBI-U.S. unit was sold, through multiple transactions, when the strategy was announced in 2009. The Variety brand, originally retained, was purchased for $25 million by Penske Media Corp. in October.

Reader's Digest HIres TriVu

As part of a broader effort to scale video ad sales, Reader’s Digest Association has tapped metadata analytics provider TriVu Media. Per the deal, Reader’s Digest plans to supplement its marketing and sales force with TriVu’s metadata analytics.
The media and direct marketing giant is hoping the combined resources will address two of the biggest challenges facing online video advertising: transparency and scale.

Transcontinental Swings to Profit in Q2

Transcontinental Swings to Profit in Q2: Transcontinental Inc. reversed a large loss last year to earn $27.5 million in the second quarter on stable revenues. The company said the acquisition of Quad/Graphics Canada and Redux Media helped offset the loss of Zellers flyer printing and a more difficult advertising environment.