Lots of Smaller Deals Are Driving Media M&A Activity:
Media, information and marketing acquisition volume and value continue to grow according to a third-quarter M&A report released by media bankers The Jordan, Edmiston Group. Year-to-date deal volume pace has been driven primarily by smaller, sub-$50 million transactions, however, with strategic buyers accounting for the vast majority.
The report says deal volume is up 49 percent for the first three quarters over the same period last year to 946—91 percent of the deals were below $50 million.
Tuesday, October 2, 2012
Hearst CDS Global Offers eEditions Platform
http://www.foliomag.com/2012/cds-global-launches-digital-newsstand-data-management-system#
The collection and management of the raw customer and sales data that comes out of the digital newsstand providers has been a huge pain point for publishers.
Simply put, digital edition and app sales data coming in from Amazon, Apple, Barnes & Noble, Zinio and the rest is not standardized. --> Fulfillment providers have been in the unique position of finding a solution to this issue and Hearst-owned CDS Global has just rolled out a platform it's calling eEditions that aims to collect, filter and standardize sales data from all of the major digital newsstands.
The collection and management of the raw customer and sales data that comes out of the digital newsstand providers has been a huge pain point for publishers.
Simply put, digital edition and app sales data coming in from Amazon, Apple, Barnes & Noble, Zinio and the rest is not standardized. --> Fulfillment providers have been in the unique position of finding a solution to this issue and Hearst-owned CDS Global has just rolled out a platform it's calling eEditions that aims to collect, filter and standardize sales data from all of the major digital newsstands.
Hearst Design Group Consolidates Editorial Side
http://www.adweek.com/news/press/hearst-design-group-consolidates-editorial-side-144129
Hearst Magazines' Design Group, comprised of House Beautiful, Veranda and Elle Decor, is combining several editorial departments and is expected to eliminate some positions in the process.
Newell Turner, currently House Beautiful editor in chief, will become editor in chief of the group, a newly created position. Each title will have its own eic—Michael Boodro and Dara Caponigro will remain at Elle Decor and Veranda, respectively, while House Beautiful—the largest of the three with a circulation of 835,005—will get a new editor), as well as design director, interiors editor and senior writer. All three magazines—which already share a publishing department—will share market, features, and photography departments, though.
Hearst Magazines' Design Group, comprised of House Beautiful, Veranda and Elle Decor, is combining several editorial departments and is expected to eliminate some positions in the process.
Newell Turner, currently House Beautiful editor in chief, will become editor in chief of the group, a newly created position. Each title will have its own eic—Michael Boodro and Dara Caponigro will remain at Elle Decor and Veranda, respectively, while House Beautiful—the largest of the three with a circulation of 835,005—will get a new editor), as well as design director, interiors editor and senior writer. All three magazines—which already share a publishing department—will share market, features, and photography departments, though.
More Titles Launched First 9 Months 2012
http://www.crainsnewyork.com/article/20121001/MEDIA_ENTERTAINMENT/120929881
Publishers launched 155 magazines in
the first three quarters of 2012, among them Fairchild Publications' men's
fashion quarterly M and northeast Mississippi's new lifestyle title Mud &
Magnolias.
An even more promising statistic for the
period: Only 55 magazines folded, compared to a loss of 119 titles a year ago.
WSJ Launches "Mansion"
“Mansion” will run as a standalone section in the Journal every Friday in the U.S., with select content appearing each week in the Journal's Europe and Asia editions. Relevant content will also run in WSJ.com's Chinese-, German- and Japanese-language editions. All “Mansion” content will be available via the Journal's universal app for iPhone and iPad.
Canadian Print Magazine Readership Up
http://www.marketingmag.ca/news/media-news/pmb-reports-magazine-readership-up-slightly-in-2012-62838
Print magazines in Canada had an average readership of 1.02 million Canadians in 2012, a slight rise from 1 million in 2011.
Time Inc. Introduces Amplify
http://adage.com/article/media/time-s-ad-product-ceo-laura-lang/237479/
Time Inc. is introducing a digital ad unit that pairs its editorial content with brands' marketing messages on Time Inc. properties and beyond.
Time Inc. is introducing a digital ad unit that pairs its editorial content with brands' marketing messages on Time Inc. properties and beyond.
The product, which Time Inc. is calling Amplify,
is one of the company's first tangible moves to boost digital revenue since CEO
Laura Lang joined in January from the digital agency Digitas.
PRC Questions USPS Plan
http://www.reuters.com/article/2012/09/29/us-usa-postal-processing-idUSBRE88S00F20120929?feedType=RSS&feedName=domesticNews
The Postal Service's regulator on Friday questioned the potential savings from a plan to shut mail processing sites and slow mail delivery, saying the mail agency could save about the same amount without making major changes to delivery times.
The Postal Service's regulator on Friday questioned the potential savings from a plan to shut mail processing sites and slow mail delivery, saying the mail agency could save about the same amount without making major changes to delivery times.
But postal officials' assumption that the best response to lower volume was to slow delivery caused it to overlook other cost-cutting options, the Postal Regulatory Commission said in a non-binding opinion.
CA; First Free Online Text Library
http://www.sacbee.com/2012/09/27/4861604/california-governor-signs-free.html
Today, Governor Jerry Brown signed a monumental set of bills that create the nation's first free online textbook library, an effort aimed at alleviating the burden of rising costs to students attending California's public postsecondary institutions. California is now set to become the nation's first state to create a digital textbook library free of charge for the state's most popular college courses, says the 20 Million Minds Foundation.
Today, Governor Jerry Brown signed a monumental set of bills that create the nation's first free online textbook library, an effort aimed at alleviating the burden of rising costs to students attending California's public postsecondary institutions. California is now set to become the nation's first state to create a digital textbook library free of charge for the state's most popular college courses, says the 20 Million Minds Foundation.
Monday, October 1, 2012
Port Hawkesbury Paper Restarts
http://www.pulpandpapercanada.com/news/nova-scotia-mill-restarts-as-port-hawkesbury-paper/1001732141/
The $33-million sale of the Port Hawkesbury paper mill is complete, and the first paper is expected to roll off the line in the first few days of October. One year after the former NewPage facility in Nova Scotia shut down, the sale to Pacific West Commercial Corp. was completed on Sept. 28. Two hundred and fifty employees returned to work within days.
The mill is restarting under the name Port Hawkesbury Paper.
Marubeni Renewed as DJSI Index Component
http://www.marubeni-usa.com/
The status of
Marubeni Corporation ("Marubeni") has been renewed as an index
component of the Dow Jones Sustainability World Index (DJSI World) for the year
2012-2013.
The DJSI World
is one of the best known measures of Socially Responsible Investment (SRI)* in
the world; this year 340 companies from all over the world were selected for
the index, including 20 Japanese companies.
More Join Pulp Price Increase
Joining producers including
including Domtar, Mercer International, Tembec, and West Fraser,
Canfor Pulp
informed customers in North America and across Asia that its northern bleached
softwood kraft (NSBK) pulp price will increase $20/tonne, effective October 1
until further notice.
Resolute CEO Joins Others Asking for Improved Rail
Resolute Forest Products among group to appeal to Ottawa for better rail service:
Richard Garneau of Resolute Forest Products was among a group of CEOs and senior executives from major resource sectors to converge in Ottawa earlier this week to deliver a strong common message – that now is the time to address inefficient and inadequate rail freight service.
The business leaders, all members of the Coalition of Rail Shippers (CRS), brought their message directly to Ministers, groups of MPs and key officials from Transport, Industry, Natural Resources, Agriculture, the Canadian Transportation Agency and the Prime Minister’s Office.
Richard Garneau of Resolute Forest Products was among a group of CEOs and senior executives from major resource sectors to converge in Ottawa earlier this week to deliver a strong common message – that now is the time to address inefficient and inadequate rail freight service.
The business leaders, all members of the Coalition of Rail Shippers (CRS), brought their message directly to Ministers, groups of MPs and key officials from Transport, Industry, Natural Resources, Agriculture, the Canadian Transportation Agency and the Prime Minister’s Office.
PaperlinX Names Chairman
PaperlinX: Appointment of New Chairman: The Board of PaperlinX Limited is pleased to advise that Mr Michael Barker has been elected to the role of Chairman for PaperlinX Limited effective today.
Mr Barker said,
Mr Barker said,
Recapitalizing White Birch Becomes Personal for Brant
Peter Brant uses personal art collection to recapitalize White Birch newsprint business:
Peter Brant, chairman and chief executive officer of White Birch Paper Co., pledged pieces of his personal art collection to recapitalize the family newsprint business.
Brant had to buy his family business out of bankruptcy with the help of Black Diamond Capital Management LLC, a company that specializes in distressed credits. The new company is called BD White Birch Investment LLC.
Peter Brant, chairman and chief executive officer of White Birch Paper Co., pledged pieces of his personal art collection to recapitalize the family newsprint business.
Brant had to buy his family business out of bankruptcy with the help of Black Diamond Capital Management LLC, a company that specializes in distressed credits. The new company is called BD White Birch Investment LLC.
USPS Network Rationalization Plan
Redrawing the Map: A Look at USPS’ Network Rationalization Plan: he USPS’s Network Rationalization Plan, opposed by some postal unions and not-in-my-district Congress members, would cut the number of processing centers nearly in half by 2015—from 461 this year to 232 in 2015. That’s down from 673 in 2006 and 599 in 2009.
The impact would be especially dramatic in certain regions. Several states—including Mississippi, Kansas, and Arizona—would go from having six or more facilities to only one.
The impact would be especially dramatic in certain regions. Several states—including Mississippi, Kansas, and Arizona—would go from having six or more facilities to only one.
USPS Reports $956 million Loss
USPS posts $956 million loss for August: The U.S. Postal Service reported a net loss of $956 million for August, and is on track for a record annual loss with one month to go in its fiscal year.
Magazine Industry Employment Falls
http://www.mediapost.com/publications/article/184075/magazine-employment-shrinks-29-in-10-years.html
While the decline hasn’t been quite as steep as in the newspaper industry, magazine publishers have shed a substantial number of jobs over the last decade, according to the U.S. Department of Labor’s Bureau of Labor Statistics, which provides quarterly estimates of the number of people employed by periodical publishers, among other industries.
According to the BLS, the total size of the magazine industry workforce shrank from 156,212 in March 2002 to 111,126 in March 2012, the most recent month for which data are available -- a 29% drop over 10 years.
While the decline hasn’t been quite as steep as in the newspaper industry, magazine publishers have shed a substantial number of jobs over the last decade, according to the U.S. Department of Labor’s Bureau of Labor Statistics, which provides quarterly estimates of the number of people employed by periodical publishers, among other industries.
According to the BLS, the total size of the magazine industry workforce shrank from 156,212 in March 2002 to 111,126 in March 2012, the most recent month for which data are available -- a 29% drop over 10 years.
2012 Leading Media Companies
http://adage.com/print/237500
U.S. media revenue for the 100 Leading Media Companies rose 4.0% in 2011, fueled by surging growth in digital. That represents a record $340 billion in net U.S. media revenue. However, last year's percentage gain marked the lowest growth rate in a nonrecession year since Ad Age began this ranking in 1981. Digital revenue -- mostly at digital pure plays such as Google and Facebook -- jumped 19.7%. Remove digital from the equation, and Media 100 revenue rose only 2.8% in 2011. The top five magazines companies, in order, were Time Warner, Advance Publications, Hearst Corp., Meredith Corp. and Wenner Media,
U.S. media revenue for the 100 Leading Media Companies rose 4.0% in 2011, fueled by surging growth in digital. That represents a record $340 billion in net U.S. media revenue. However, last year's percentage gain marked the lowest growth rate in a nonrecession year since Ad Age began this ranking in 1981. Digital revenue -- mostly at digital pure plays such as Google and Facebook -- jumped 19.7%. Remove digital from the equation, and Media 100 revenue rose only 2.8% in 2011. The top five magazines companies, in order, were Time Warner, Advance Publications, Hearst Corp., Meredith Corp. and Wenner Media,
USA Today Announces Print Ad Contest
http://www.btobonline.com/apps/pbcs.dll/article?AID=/20121001/ADVERTISING05/310019993/usa-today-introduces-print-advertising-competition&template=printart
Gannett Co. has rolled out the 2012 USA Today Print Advertising Competition. Advertising agencies, marketers and nonprofits can submit their most creative print ad to be eligible to win up to $1 million in full-page print advertising in USA Today.
Gannett Co. has rolled out the 2012 USA Today Print Advertising Competition. Advertising agencies, marketers and nonprofits can submit their most creative print ad to be eligible to win up to $1 million in full-page print advertising in USA Today.
Media M&A Up 52% Y-t-D
http://www.btobonline.com/article/20121001/MEDIABUSINESS10/310019994/media-m-a-value-up-52-in-first-three-quarters
The number of media deals rose almost 49% during the first three quarters compared with the same period in 2011, while total value increased 52%, according to a report by media investment bank Jordan, Edmiston Group.
The 946 transactions during the first three quarters of this year had a combined value of $49.4 billion, compared with 635 deals valued at $32.5 billion during the first three quarters of 2011.
The number of media deals rose almost 49% during the first three quarters compared with the same period in 2011, while total value increased 52%, according to a report by media investment bank Jordan, Edmiston Group.
The 946 transactions during the first three quarters of this year had a combined value of $49.4 billion, compared with 635 deals valued at $32.5 billion during the first three quarters of 2011.
VSS and ZenithOptimedia Project Growth
VSS: Communications Industry to Grow 5.2% through 2016: Spending within the U.S. Communications Industry to grow at a 5.2% CAGR to $1.455 trillion by 2016, almost two times the growth rate during the past five years.
http://www.btobonline.com/apps/pbcs.dll/article?AID=/20121001/ADVERTISING13/310019989/zenithoptimedia-nielsen-release-global-ad-spending-reports&template=printart
http://www.btobonline.com/apps/pbcs.dll/article?AID=/20121001/ADVERTISING13/310019989/zenithoptimedia-nielsen-release-global-ad-spending-reports&template=printart
ZenithOptimedia lowered its global ad spending forecast to 3.8% growth this year, down from a June forecast of 4.3% growth, citing uncertainty in the eurozone.
Next year, global ad spending will grow by 4.6%, according to the report. In North America, ad spending will be up 3.6% next year, ZenithOptimedia projected.
Disney Orders 3.5 Million First Printing of Riordan Book
First Printing of 3.5 Million Copies Ordered by Disney for Rick Riordan’s Latest Book: Disney Publishing Worldwide (DPW) announced a 3.5 million first printing of “The Mark of Athena,” the third book in the best-selling “Heroes of Olympus” series by Rick Riordan. “The Mark of Athena” will be simultaneously released in hardcover and as an eBook from Disney Publishing’s Disney-Hyperion imprint, and as an audio version through Listening Library on Oct. 2, 2012.
Penton Sells 4 Brands to Access Intelligence
Access Intelligence Buys Four Marketing Brands From Penton:
Rockville, Maryland-based b-to-b media company Access Intelligence (parent company of Red 7 Media, publisher of Folio:) has purchased four of Penton Media's marketing brands. Included in the deal are Chief Marketer, Multichannel Merchant, Direct and PROMO and their associated events and digital components.
Rockville, Maryland-based b-to-b media company Access Intelligence (parent company of Red 7 Media, publisher of Folio:) has purchased four of Penton Media's marketing brands. Included in the deal are Chief Marketer, Multichannel Merchant, Direct and PROMO and their associated events and digital components.
Lee Names VP, Publishing
http://finance.yahoo.com/news/lee-enterprises-elevates-bill-masterson-143900333.html
Bill Masterson Jr., publisher of The Times Media Company of Northwest Indiana and a group publisher for Lee Enterprises, Incorporated (LEE), has been promoted to vice president of publishing.
Bill Masterson Jr., publisher of The Times Media Company of Northwest Indiana and a group publisher for Lee Enterprises, Incorporated (LEE), has been promoted to vice president of publishing.
Meredith Names Publishers
http://www.magazine.org/stephen-bohlinger-named-publisher-eatingwell
Meredith Corporation announced today that Stephen Bohlinger has been named Publisher of EatingWell. He replaces Tony Catalano, who has been promoted to Publisher of Meredith’s Special Interest Media, overseeing titles such as Diabetic Living, Kitchen and Bath Ideas, and Country Gardens among others.
Christine Guilfoyle has been promoted from Publisher of Every Day with Rachael Ray, to Group Publisher, where she will now also oversee advertising business related to both brands.
Meredith Corporation announced today that Stephen Bohlinger has been named Publisher of EatingWell. He replaces Tony Catalano, who has been promoted to Publisher of Meredith’s Special Interest Media, overseeing titles such as Diabetic Living, Kitchen and Bath Ideas, and Country Gardens among others.
Christine Guilfoyle has been promoted from Publisher of Every Day with Rachael Ray, to Group Publisher, where she will now also oversee advertising business related to both brands.
Jackie Ardey Joins Harry & David
http://finance.yahoo.com/news/harry-david-announces-senior-vice-171800399.html
Harry & David, America’s iconic gourmet gifting curators, is pleased to announce the hiring of Jackie Ardrey as Senior Vice President, Merchandising. Jackie will join the Senior Leadership Team and be responsible for developing and managing overall merchandising, assortment and supply strategy. She will provide merchandising and supply management leadership across all channels of distribution, including catalog, internet, retail and wholesale.
Jackie’s background includes more than 20 years merchandising experience in multi-channel retail companies. From 1998 to present she worked at Hanna Andersson, a multi-channel children’s apparel retailer.
Harry & David, America’s iconic gourmet gifting curators, is pleased to announce the hiring of Jackie Ardrey as Senior Vice President, Merchandising. Jackie will join the Senior Leadership Team and be responsible for developing and managing overall merchandising, assortment and supply strategy. She will provide merchandising and supply management leadership across all channels of distribution, including catalog, internet, retail and wholesale.
Jackie’s background includes more than 20 years merchandising experience in multi-channel retail companies. From 1998 to present she worked at Hanna Andersson, a multi-channel children’s apparel retailer.
RRD Signs Agreement with Guideposts
RR Donnelley Awarded New Multi-Year Print Management Agreement by Guideposts:
R. R. Donnelley & Sons Company today announced that it has been awarded a new multi-year multi-million dollar enterprise-wide print management agreement by Guideposts, a leading nonprofit organization whose products and services inspire, encourage and uplift.
R. R. Donnelley & Sons Company today announced that it has been awarded a new multi-year multi-million dollar enterprise-wide print management agreement by Guideposts, a leading nonprofit organization whose products and services inspire, encourage and uplift.
Kodak Asks for Extension, Will Exit Inkjet Market
Kodak to Exit Consumer Inkjet Market: Requests to extend exclusive right to file plan of reorganization, outlines demonstrated progress in restructuringEastman Kodak Company will highlight its restructuring accomplishments to date in a motion it plans to submit today to the Bankruptcy Court to extend until February 28, 2013, its exclusive right to file a plan of reorganization. The extension will assist the company as it continues its progress toward successful emergence in the first half of 2013...Kodak has continued to manage its Consumer Inkjet business for profitability, and the company announced today that, starting in 2013, it will focus that business on the sale of ink to its installed base, and wind down sales of consumer inkjet printers.
Cenveo Signs With SoftSolutions
Cenveo Commits to Enterprise-Wide Rollout of SoftSolutions’ Management System: SoftSolutions Inc. has signed an agreement with Cenveo Inc. to supply its award winning Flex integration platform to automate shop floor data collection, process management and ERP integration across Cenveo’s enterprise platform.
Friday, September 28, 2012
Pacific West/Port Hawk.: Down to a Few Signatures
Sale to Pacific West Commercial Corp. now just needs a few signatures:
The sale agreement between Pacific West Commercial Corp. and NewPage Port Hawkesbury was approved by the court today.
Pacific West Commercial Corp. also received approval of its amended power rate applications by the Nova Scotia Utility and Review Board today.
The only thing remaining to wrap up the sale is the signatures.
The purchase is expected to be completed tomorrow and most of the employees required to run the super calendared paper machine will be back on the job on Sunday.
The sale agreement between Pacific West Commercial Corp. and NewPage Port Hawkesbury was approved by the court today.
Pacific West Commercial Corp. also received approval of its amended power rate applications by the Nova Scotia Utility and Review Board today.
The only thing remaining to wrap up the sale is the signatures.
The purchase is expected to be completed tomorrow and most of the employees required to run the super calendared paper machine will be back on the job on Sunday.
Congressman Asks US Gov. to Review Port Hawk Deal
http://michaud.house.gov/press-release/michaud-pushes-us-response-canadian-paper-mill-subsidies Today, Congressman Mike Michaud, a former
papermaker, urged the U.S. government to examine the details of the financial
package offered by the provincial government of Nova Scotia to a paper mill in
Port Hawkesbury. Michaud sent a letter to United States Trade Representative
Ron Kirk asking him to obtain complete information about the province’s rescue
package and to determine whether it is consistent with Canada’s NAFTA and WTO
commitments. If violations are found, Michaud urges expeditious action.
FutureMark & Manistique Become FutureMark Paper Group
FutureMark® Paper Group launched today as the umbrella group for two recycled
paper producers previously operating as Manistique Papers and FutureMark Paper
Company. Guided by an unwavering commitment to sustainability, FutureMark Paper
Group is now the leading North American provider of responsibly made
high-recycled paper for books, magazines, catalogs, retail inserts, business
papers, commercial printing applications and packaging.
Catalyst Closes Snowflake Mill
The company announced the closure in July amid bankruptcy proceedings for Richmond, British Columbia-based Catalyst, which has three larger paper mills in Canada.
Chinese Pulp Business Not Sustainable
More Change: Time Names Group President
http://www.adweek.com/news/press/time-incs-lang-announces-shakeup-144027
Time Inc.’s Laura Lang today bumped up Paul Caine to the role of group president, signaling an emphasis on global growth at a company facing a tough business climate.
Time Inc.’s Laura Lang today bumped up Paul Caine to the role of group president, signaling an emphasis on global growth at a company facing a tough business climate.
TV Guide Launches Special Interest Titles
National Geographic: 4.5 Million App Users
National Geographic App Downloads Pass 4.5 Million:
Natural science, exploration and adventure publication National Geographic is seeing traction in the digital space, at least according to its new Consolidated Media Report (CMR) from the Audit Bureau of Circulations (ABC).
The National Geographic English-language magazine app has reached 4.5 million downloads as of August 31, 2012, while the English-language version of the National Geographic Traveler magazine app has been downloaded by more than 740,000 since the same period.
Natural science, exploration and adventure publication National Geographic is seeing traction in the digital space, at least according to its new Consolidated Media Report (CMR) from the Audit Bureau of Circulations (ABC).
The National Geographic English-language magazine app has reached 4.5 million downloads as of August 31, 2012, while the English-language version of the National Geographic Traveler magazine app has been downloaded by more than 740,000 since the same period.
Investcorp To Sell SourceMedia
Investcorp To Sell SourceMedia: Investcorp has put New York-based publisher SourceMedia up for sale, according to multiple sources.
SourceMedia, which provides news, analysis and research in the b-to-b space through publications including American Banker and The Bond Buyer, has an EBITDA of around $12 million.
SourceMedia, which provides news, analysis and research in the b-to-b space through publications including American Banker and The Bond Buyer, has an EBITDA of around $12 million.
Magazine Revenues Helped by Digital
Newspaper Ads Down in 2012
According to the research firm’s most recent report, total ad revenues for newspapers will decline from $22.5 billion in 2012 to $21.5 billion in 2013, $21 billion in 2014, $20.63 billion in 2015, and $20.4 billion in 2016, for a 9.5% drop over the next four years.
Global, NA Ad Spending Up
http://www.mediapost.com/publications/article/184043/global-ad-spend-up-24-biggest-growth-mideast-a.html
Global advertising spend picked up still sluggish single-digit growth in the second quarter, with Europe remaining the only region going lower.
Worldwide advertising spending was up 2.4% to $139 billion in the second quarter 2012, according to Nielsen's Global AdView Pulse.
Global advertising spend picked up still sluggish single-digit growth in the second quarter, with Europe remaining the only region going lower.
Worldwide advertising spending was up 2.4% to $139 billion in the second quarter 2012, according to Nielsen's Global AdView Pulse.
Consumers Still Rely on Coupons
Parents Seeking Offers, Coupons Turn to Print and Digital: A Harris poll finds parents are more likely than consumers without children to have stepped up money saving activities, with traditional channels showing a slight lead as the place to go for offers. The poll, conducted by Harris Interactive on behalf of location-based marketer Placecast, finds parents relying on print and online to save money. Clipping coupons from newspaper inserts (31%) and relying on coupons arriving at the home (31%) are top sources for parents.
Congress Holds Hearings on On-Line Tax
Online tax debate grows as retailers and states weigh in on the clash: On July 24 the House Judiciary Committee convened for a hearing on the Marketplace Equity Act, one of three bills empowering states to compel online merchants to collect sales tax. The bills were designed to close what supporters claim is a loophole from the 1992 Supreme Court decision Quill Corp. v. North Dakota, wherein only merchants with physical presence in a state must collect sales tax.
Quad Expands Agreement with USA Weekend
Quad Expands and Extends Its Agreement to Print and Distribute Usa Weekend:
Quad/Graphics Inc. has expanded and extended its agreement with Gannett Co. to print copies of USA WEEKEND, a Sunday magazine inserted into 700+ newspapers weekly. The new, longer-term agreement will include additional incremental print volume beginning in 2016, as well as additional freight, logistics and distribution services volume.
Quad/Graphics Inc. has expanded and extended its agreement with Gannett Co. to print copies of USA WEEKEND, a Sunday magazine inserted into 700+ newspapers weekly. The new, longer-term agreement will include additional incremental print volume beginning in 2016, as well as additional freight, logistics and distribution services volume.
USPS Defaults on Prefunded Payment
USPS Default on Mandated $5.6 Billion Prefunded Payment: For the second time in two months, the U.S. Postal Service will not make a mandated payment to prefund retiree health benefits. Absent legislative action, the Postal Service is unable to make a scheduled $5.6 billion payment to the U.S. Treasury on Sept. 30. As was the case with the default of a similar $5.5 billion payment due August 1, customers can be confident in the continued regular operations of the Postal Service. We will continue to deliver the mail and pay our employees and suppliers
RIT Takes Over the Print-in-the-Mix
RIT Taking Over the Print-in-the-Mix Website as The Print Council Ceases Operations: The Print Council, established in 2002 to promote the broader use of print in the marketing and media mix, is transfering sponsorship of the Print-in-the Mix website to Rochester Institute of Technology. Print-in-the-Mix was created in 2007 with a grant from The Print Council and is a clearinghouse of research on the effectiveness of advertising media including print, mobile and other direct forms of marketing communication.
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