Tuesday, December 6, 2011
New Online Spending Record, $6 billion for Cyber Week
MagnaGlobal Forecasts 5% Ad Growth for 2012
Next year, global ad spending is projected to grow by 5.0% to $449 billion, down from projected 6.5% growth, according to the forecast.
St. Marys Paper Gets a Tax Break
St. Marys Paper of Sault Ste. Marie, Ontario has won a property tax appeal. (The mill has been closed, no restart date has been announced.)
The company appealed its property assessment for 2006, 2007, and 2008.
An assessment board has ruled that the total assessment (both property taxes and education taxes) be reduced from $12.935 million to $3.78 million. This reduction will also have an affect on the tax years 2009, 2010, and 2011 due to the concept of tax capping.
Monday, December 5, 2011
EPA to Review Boiler Mact Regulations
Rail Strike Averted
No Plans to Advertise on USPS Vehicles
Postal Service Making Cuts, Will Slow 1st Class
Global Ad Spending Up for 2012
Friday, December 2, 2011
Magazine News Roundup
More About Magazines
Last of Friday's Magazine Roundup News
Consumers Still Like Direct Mail
Teen Vogue Gets New Publisher
Jason Wagenheim, who just stepped down from his position as publisher of Condé Nast title Glamour, has been named as publisher of Teen Vogue. The company also announced that Kevin Martinez, who left Hearst in June, will become publisher of Details.
Meredith Begins ROI Program with K-C
Meredith Corp. announced early this year that it was offering, to selected advertisers who met specific criteria, a program that guarantees an increase in sales tied to printed ads. Nielsen and Meredith data will be used by Engagement Dividend, which will be launched early next year.
Great Northern (Katahdin) Gets $1 Million from Maine
Great Northern Paper is the owner of mills in East Millinocket and Millinocket, Maine, both of which had been closed until the company restarted PM 5, a newsprint and uncoated mechanical machine last month. Now, the Board of Directors of the Finance Authority of Maine has approved a direct loan of $1 million, giving Great Northern a chance to better its financial position. FAME is trying to help the mill retain ~215 jobs in the state.
Two Bidders for NewPage Port Hawkesbury Named
The NewPage Post Hawkesbury mill, which went into creditor protection in September, has been in the process of seeking a new owner. Reportedly, there are four bidders, two of whom will probably restart at least the 400,000 short ton per year Supercalendered paper machine, if not the newsprint/uncoated mechanical PM. Previously, Paper Excellence (part of Asian giant APP) was identified as a suitor and today Stern Partners was named as the second firm interested in running the mill again. Stern is owner or part owner of West Linn Paper, Alberta Newsprint, FP Newspapers and Canstar Publications.
Bowater Mersey Newsprint Mill Gets Reprieve
Premier Darrell Dexter was in Liverpool, Nova Scotia this afternoon to make a multi-million dollar announcement for the Bowater Mersey mill.
Richard Garneau, CEO of Resolute Forest Products (co-owner of the Bowater Mersey mill) signed an agreement Thursday to maintain the mill for five years.
50% of Consumers Prefer Direct Mail
Study: Fifty percent of consumers prefer direct mail to email
Of the 2,226 U.S. consumers surveyed for the third Consumer Channel Preference Study, 60% said they enjoy checking their physical mailboxes, highlighting what the study refers to as an “emotional connection” to postal mail. In the U.S., 75% of consumers say they get more email than they can read.Manroland Secures Credit, Production Continues
Time Inc. Names Real Simple Publisher
Sally Preston Named 'Real Simple' Publisher
The day after it named a new CEO, Time Inc. has ended another extended leadership search. Real Simple announced Thursday that Sally Preston would be its next publisher, ending a four-month process. Preston’s hire was in the works for a while, but was delayed by her previous employment at Real Simple rival Martha Stewart Living Omnimedia.
Manufacturing Expands for 28th Consecutive Month
PERFORMANCE BY INDUSTRY
Of the 18 manufacturing industries, eight are reporting growth in November, in the following order: Wood Products; Textile Mills; Petroleum & Coal Products; Primary Metals; Food, Beverage & Tobacco Products; Computer & Electronic Products; Apparel, Leather & Allied Products; and Paper Products.
Thursday, December 1, 2011
Sun Chemical Increases Prices on Press Blankets
Warren Buffet, Former News Boy, Buys Newspaper
GamePro Magazine Shuttered
USPS Will Fix Delay in Magazine Deliveries
Online Ad Revenue Up 22% in Q3
Reuters Interview with Hearst CEO: Digital, New Time CEO
Publishers; Digital Good for Audience Development, Maybe Not Advertising
Nxtbook Media [1] recently wrapped its 2011 State of the Digital Edition survey, which looked at audience development and revenue growth, as well as where mobile fits in...Publishers are less satisfied with digital editions as an advertising tool than as an audience tool.
Consumer Confidence Index Improves
Progress on IP/Temple-Inland Deal
Austin-based packaging and building products maker Temple-Inland Inc. has settled multiple shareholder lawsuits over the company's planned $3.7 billion sale to International Paper Co., according to a securities filing.
Fibrek Recats to Resolute (AbitibiBowater) Bid
The Board of Directors fears that Resolute’s unsolicited offer undervalues Fibrek and its future prospects. “The consideration offered under the Resolute proposal does not capture Fibrek’s true value for its shareholders”, said Pierre Gabriel Côté, President and Chief Executive Officer of Fibrek.
Wednesday, November 30, 2011
NewPage Port Hawkesbury and Bowater Mersey Paper Get Break in Electric Rates
UPM Will Close Albbruck Mill in January
USPS begins new year with $139 million loss
Digitas CEO Laura Lang Tapped as Time Inc. CEO
S&P Revises R.R. Donnelley Outlook to Negative from Stable
Advertising on USPS vehicles “could raise $360m a year”
Tuesday, November 29, 2011
With print advertising on the run, digital continues to rise.
This morning the Nova Scotia Supreme Court has approved an extension to NewPage Port Hawkesbury‘s creditor protection period.
The train service that moves 268,000 Calgarians daily served up little but chaos during both commuter rushes Monday, as the weekend windstorm's aftermath triggered one of the worst LRT shutdowns in recent... Alberta's Progressive Conservative government is in danger of forgetting an important, costly lesson from provincial history and the PC ... (more)
It was on Twitter where talk first emerged that the Montreal-based multimedia giant would be cutting at Sun Media, which has dozens of papers, free commuter publications and numerous weeklies in Ontario, Quebec and other provinces.
Overnight, Fibrek Inc. put out a press release acknowledging Resolute Forest Product‘s (formerly known as AbitibiBowater) unsolicited offer to acquire Fibrek.
It isn’t the 5 year power rate break they had requested, but Bowater Mersey and NewPage Port Hawkesbury in Nova Scotia will be receiving a 3 year break on their power bills.
Monday, November 28, 2011
NewPage Corporation may be under bankruptcy protection, but that hasn’t stopped the company from filing a motion with the U.S. Bankruptcy Court asking for approval for $3 million in a short-term incentive program to be split among 15 of its executives.
Resolute Forest Products, previously known as AbitibiBowater, is curtailing its Fort Frances, Ontario paper machines for the rest of the year. The downtime will start next week.
100 employees will be affected.
Poor market conditions are cited for the downtime.
Kraft mill operations are not affected.
NewPage Port Hawkesbury filed a motion with the Nova Scotia Supreme Court yesterday asking the court to extend its period of creditor protection.
The motion will be heard on Tuesday.
NewPage Port Hawkesbury seeks extension to creditor protection period is a post from: ForestTalk.com
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Tuesday, November 22, 2011
R. R. Donnelley & Sons Company today announced that it has acquired West Chester, OH based StratusGroup, Inc., a full service manufacturer of custom pressure sensitive label and paperboard packaging products for health and beauty, food, beverage and other segments.
Monday, November 21, 2011
More exports mean more jobs as the region struggles to emerge from the economic downturn, and no business knows that better than Appleton Papers Inc.
I recently aggregated all of the QR code demographic and usage data I could find (and am adding to it all the time), and one of the trends that surprised me is while much of the data is highly consistent — such as age demographics and usage patterns — gender is not one of them.
Forest group UPM-Kymmene said it is preparing temporary lay-offs in several Finnish paper mills due to weak demand.
The Region of Queens Municipality in Nova Scotia has voted today to give the Bowater Mersey mill a moderate tax break of 15%, or approximately $135,000/yr over 10 years.