Tuesday, October 9, 2012

Environ. Cert. News: Cost of Narrowing Choices / PEFC Wins NGO Case

Forest certification is becoming an important tool in balancing resource sustainability and economic viability, but there is growing confusion in the marketplace over certification standards and eco labels. According to a new report by the American Consumer Institute (ACI) Center for Citizen Research, that confusion could be driving up prices by as much as 15 to 20 percent for consumers who are willing to pay more for sustainable wood and paper products but may not actually be getting something that is better for the environment.
The ACI report titled The Monopolization of Forest Certification: Do Disparate Standards Increase Consumer Costs and Undermine Sustainability? – reveals the consequences of a reliance on an FSC-only approach, with a vast majority of US certified timber coming from other certification programs. 
The Board of Appeal of Stichting Milieukeur (SMK) has rejected an appeal filed by a coalition of NGOs and confirmed that PEFC International conforms to the Dutch Procurement criteria. This rejection comes one year after the Dutch Timber Procurement Assessment Committee (TPAC) rejected an objection filed by the NGOs as unsubstantiated, ending an exhaustive four year process that confirmed at every stage that PEFC delivers sustainability as defined in the Dutch criteria.

Report on WE Paper & Paperboard Released

New Market Research Report: Paper & Paperboard in Western Europe:
Paper & Paperboard in Western Europe industry profile provides top-line qualitative and quantitative summary information including:
* Market consumption volumes decreased with a CARC of -1.9% between 2007-2011, to reach a total of 77.2 million metric tonnes in 2011.
* The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.6% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $74.6 billion by the end of 2016.

Biomass Magazine Offered to Industry

Free Offer: Biomass Magazine:
Biomass Magazine is a monthly publication tailored to serve companies and organizations engaged in producing or utilizing biomass power and heat, advanced biofuels, biogas, wood pellets and biobased chemicals.

Quad/Graphics & Time Inc.: $900 Million+ Deal

Quad/Graphics $900 Million-Plus Agreement with Time Inc.'s Magazines: New, multi-year agreement covers 19 titles and represents a 35% increase in Quad/Graphics' incremental volume over the term Quad/Graphics, Inc. (QUAD), announced today that it has reached a new, $900 million-plus agreement with Time Inc. that significantly extends and expands its magazine print work for the venerable New York publisher. Under the multi-year agreement, Quad/Graphics will handle more than 85% of the print work for 19 titles that are among the most popular magazines in America.

2016 Global Publishing Worth $273 Billion

http://www.sacbee.com/2012/10/08/4891292/global-publishing-industry-to.html 
The global publishing industry is predicted to be worth $273 billion by 2016 for an increase of nearly 12% since 2011, according to a report available at ReportLinker.com.

MPA: Brands Advertising on Magazine Platforms Up 57%

http://www.magazine.org/industry-news/press-releases/mpa-press-releases/mpa/footprint 
New data released from MPA, the Association of Magazine Media, provide a more complete picture of the strength of magazines across platforms.  The findings reveal a 57% spike in the number of brands advertising on magazine media platforms (tablet, online and print) since 2010, and strong consumer engagement.   Additionally, the data show year-over-year growth in the combined print and online magazine audience.

Millennial Media Names CMO

http://adage.com/article/people-players/people-move-mollie-spilman-named-cmo-millennial-media/237650/
Millennial Media has appointed Mollie Spilman to the newly created role of executive vice president and CMO. Ms. Spilman joins Millennial Media from Yahoo, where she served as chief marketing officer. Prior to her role as CMO, she served as the senior vice president of B-to-B marketing, senior vice president of commerce and Yahoo's head of marketing for the Americas.

Q3 Media Industry Deals up 42%

Value of media industry deals up 42% in Q3: New York—The number of media deals in the third quarter fell to 381, a decline of 5% from the second quarter, according to a report by media investment bank Berkery, Noyes & Co. However, transaction value grew 42%, to $23.2 billion,  the highest value recorded in the past seven quarters.

Penton Launches Trusts & Estates Plus

Penton Launches App for Niche Wealth and Estate Management Market:
Penton has just launched a new app called Trusts & Estates Plus that targets subscribers of the magazine of the same name, as well as the company's new Wealthmanagement.com site. The app will cost $329 per year for new subscribers, which also provides access to Wealthmanagement.com and other digital products.

'USA Today Using comScore to Track

'USA Today' adopts comScore viewability metrics: Gannett Co. announced it will implement comScore's viewable impression measurement for ad campaigns running on USAToday.com.

The Nation & National Review Partner for Ad Sales

The Nation and National Review Partner for Ad Sales:
If you forget politics for a second, the readership of The Nation and National Review are actually quite similar—"opinion leaders" inside and outside the beltway. That similarity drove the two magazines together to create the "Purple Network"—a combined sales effort that marries the red of the National Review and the blue of The Nation, as well as their rate bases and a steeply discounted ad buy. 

Popular Science Creates Digital Bellyband

Popular Science Creates Digital Bellyband for Its Tablet Edition:
The bellyband—an advertising device that's about as traditional as you can get—is getting the digital treatment at Popular Science. The November issue of the magazine's Mag+ tablet version will feature a digital bellyband that readers have to engage before they're able to access the contents.

AIM & Restore Media Become Partners

AIM Partners With Restore Media: Active Interest Media (AIM) and Restore Media have agreed to partner in production of their historic home and building brands, the companies announced today.
AIM bought consumer publications Old House Journal and New Old House from Restore Media in 2007. Those two brands, as well as Restore's two professional titles, Period Homes and Traditional Building, are involved in the current deal.

WSJ Names VP-Global Marketing, Ad Sales

'WSJ' names Lawrence VP-global marketing, advertising sales: The Wall Street Journal has appointed Nina Lawrence VP-global marketing, advertising sales.
In addition to leading the Journal's global sales team, Lawrence will oversee the upcoming expansion of the company's creative and custom advertising capabilities.

Pearson CEO Steps Down

Pearson Plc (PSON) Chief Executive Officer Marjorie Scardino will step down after 16 years and be replaced by the head of its international education business, spurring speculation the company may sell the Financial Times newspaper.
John Fallon, 50, will replace Scardino, 65, starting January 2013, the London-based company said today.

Variety Sold to Penske Media

Variety Sold to Penske Media:
Entertainment news source Variety has been sold by Reed Elsevier to digital media and publishing company Penske Media Corporation (PMC). The deal is estimated to be for about $25 million, the Los Angeles Times reports.

Friday, October 5, 2012

US Trade Rep Begins Port Hawk Inquiry

US trade representative starts NAFTA inquiry into subsidies for Port Hawkesbury Paper:
A trade representative in the United States has started a NAFTA inquiry to determine if improper subsidies were given to Port Hawkesbury Paper.
The Nova Scotia government provided the new owners with a $124.5 million aid package and spent an additional $36.8 million to keep the mill hot idled until a sale agreement could be reached.
Ron Kirk,  United States Trade Representative, plans to request information from the Canadian and Nova Scotian governments to verify details of the assistance given to the mill.
Kirk was prompted by Maine’s Congressman Mike Michaud who is concerned about job losses in Maine.

Pulp & Paper Firms to Invest $2 Bil in PM Projects

 Researched by Industrial Info Resources (Sugar Land, Texas) -- Pulp and paper manufacturers have outlined plans to invest just more than $2 billion in 125 paper machine projects at paper mills across the U.S., Canada and Mexico. Mill owners are planning to perform major upgrades, rebuilds and new installations, mainly for reliability and runnability, as well as quality improvements. The investment values of the projects range from $500,000 to $430 million. There are a dozen projects that are under construction with a combined value of $1.04 billion. The remaining projects have construction kick-off dates from October of this year to June 2014.

Environmental Group Upset with Port Hawk Deal

Paper mill agreement concerns N.S. environment group:
A Nova Scotia's environmental group says it's outraged the province has weakened forest protection requirements for the new owners of the Port Hawkesbury Paper mill in Cape Breton.
The Ecology Action Centre says the final agreement signed Friday between the province and Stern Partners Inc. — an affiliate of Pacific West Commercial Corp. — includes a clause that would allow the newly reopened mill to drop its certification by the Forest Stewardship Council.

Sappi: No Plans to Increase Gratkorn Capacity

 Sappi does not intend to double the capacity of its Gratkorn mill, located outside of Graz in southern Austria, contrary to such claims in an Austrian media report.
The Austrian newspaper Die Presse published an article on September 23 stating that Sappi wants to invest "no less than $400 million" in the Gratkorn mill, quoting Sappi CEO Ralph Boëttger.
The Gratkorn mill has a capacity of some 950,000 tonnes/yr of triple-coated woodfree (CWF) paper on two PMs and 255,000 tonnes/yr of totally chlorine-free chemical pulp. It also has an annual sheet finishing capacity of 800,000 tonnes/yr.

Mega-Merger Solution to Europe's Capacity Challenge?

Finland's paper giants UPM-Kymmene (HEX:UPM1V) and Stora Enso (HEX:STERV) have been looking at piecemeal solutions to the crisis in Europe's paper industry, but it may be that nothing less than a mega-merger will do.
Battered by the global debt crisis and the shift to online media, the region's industry is currently estimated to have 10-15 percent of overcapacity in paper grades such as newsprint, and magazine and office paper.
The world's two biggest producers of those graphic paper grades, whose headquarters are separated by a few hundred meters on Helsinki's seafront market square, have closed down several paper mills since 2006, but more consolidation in the European paper industry is seen as inevitable.
Analysts say the ideal solution may be a merger of UPM and Stora Enso that would create the world's number one paper company by any measure, which would give the combined entity substantial control over capacity and therefore, prices, helping rivals as well as themselves.

P&P Week Completes Merger


RISI, the leading information provider for the global forest products industry, today announced that it has incorporated the publication Official Board Markets (OBM) into its sister publication, PPI Pulp & Paper Week (PPW). As the premier news and price reporting service for the North American pulp and paper industry, PPW will leverage the addition of OBM resources and content to improve the accuracy of recovered paper price reporting and expand its coverage of the paperboard market.

Birla’s AV Terrace Bay Starts Pulp Mill

Indian firm Aditya Birla Group's 350,000 tonnes/yr northern bleached softwood kraft (NBSK) market pulp mill at Terrace Bay, ON, fired up its boiler on Wednesday and is starting pulp production this week, as reported by RISI.

Forbes AdVoice Becomes BrandVoice

Two years after launching its brand platform AdVoice, Forbes has learned a couple things: Its top advertisers like content programs, and they remain a small slice of overall revenue. Forbes is betting the former will outweigh the latter in the long run.
It has rebranded the service to BrandVoice to differentiate it as content marketing and is expanding it into video. Forbes is positioning the content product as a premium service, building up a content services division and often bundling BrandVoice as part of pricey integrated buys that carry a $1 million minimum.

Wired Tries "Advertorial"

Condé Nast’s Wired, Reddit Team Up for Multi-Platform Ad Campaign:
Wired is getting creative with its advertisers, and having readers go along for the experience. In a new campaign designed by the magazine and client, user generated content is leveraged to provide a collaborative, multi-platform advertorial (below) that appears in the publication’s October issue.

Source Interlink Buys Dirt Sports & Off-Road Industry

Source Interlink's Grind Media Forms Dirt Sports Group with Acquisition:
Source Interlink Media's enthusiast sports group, GrindMedia, bought Dirt Sports and Off-Road Industry magazines from Ryan Communications Group this week. 

Penton Invests in Consulting Firm

Penton Takes Stake in Energy Management Consulting Firm:
Penton Media has made an investment in energy management and sustainability consulting firm GreenPoint Partners with the intention of co-developing a site that connects building managers with green utility and product manufacturers.

Revamp at The New Republic

Making The New Republic New Again:
Chris Hughes, one of Facebook’s co-founders, took a majority stake in The New Republic in March. The brand, at a circulation of just under 40,000, has ricocheted between owners over the last few years and has been unable to turn a profit. Hughes is investing his own capital to relaunch its entire platform—print, mobile and web—all at once in the next couple months.

Wingate Partners Acquires Nekoosa Coated Products

Wingate Partners Acquires Nekoosa Coated Products: Deal to Accelerate GrowthNekoosa Coated Products, LLC announced today the sale of the business to Wingate Partners effective October 2, 2012.  Wingate Partners, a Dallas, Texas based investment firm, partnered with Paul Charapata, John Danio and other leaders on the Nekoosa team to acquire the business from Dunsirn Partners, based in Appleton, Wisconsin. The company, which manufactures specialty paper products at its Nekoosa, Wisconsin facility, will remain an independent company operating company operating under the same name.

Hallmark to Close Topeka Plant

Hallmark to Close Topeka Plant; Consolidation to Cost 300 Jobs in Kansas: Hallmark Cards Inc. will close its Topeka (KS) manufacturing plant and shed about 300 jobs as it consolidates its Kansas operations at its remaining facilities in Lawrence and Leavenworth, the company said yesterday. The Kansas City-based greeting card company said the number of people working at its Kansas plants will fall from about 1,300 now to about 1,000 when consolidation is finished by the end of next year.

August Commercial Printing Shipments Fall

August 2012 US Commercial Printing Shipments Down -2.9% Compared to 2011 (Economics & Research):
August 2012 US commercial printing shipments were $6.9 billion, down -$205 million (-2.9%) compared to 2011. On an inflation-adjusted basis, shipments were down -$325 million (-4.5%). For the first eight months of the year, shipments are down -2.1% in current dollars, and -4.1% after inflation adjustment. Our forecast models indicate that the year will finish at approximately $80.5 to $81.0 billion. It is more likely that the models are slightly high, and that the year will probably finish at approximately $79.5.

Thursday, October 4, 2012

Port Hawkesbury Paper Rolls Off Machine


http://pulp-paperworld.com/index.php/usa/canadian-news/item/3048-point-tupper-paper-rolls-again.html?utm_source=twitterfeed&utm_medium=twitter
The first roll off the supercalendered paper machine at 1:11a.m. on Wednesday, a major milestone for the Point Tupper mill many once left for dead. "We're very, very happy we did because we have customers with orders that want to run that paper on Monday", Marc Dube, the mills restructing manager, said in a telephone interview Wednesday. They ran the first 12 hours without a paper break according to Dube.

http://www.cbc.ca/news/canada/nova-scotia/story/2012/10/01/ns-mill-workers.html?cmp=rss
Clouds of steam billow from the Port Hawkesbury paper mill in Point Tupper. The mill hopes to produce paper early this week for the first time in about a year. There's a sense of relief in Cape Breton, N.S. as mill workers excitedly head back to work to make paper, says the union representing employees at Port Hawkesbury Paper.
 "The fact that the last number of days that we've seen pulp trucks coming into the mill and we haven't seen that in a long time heading this direction. I sense a public that's at ease now."

Lowest Price to Book Ratio In Comm Prtg Ind.

Lowest Price to Book Ratio in the Commercial Printing Industry...:
Below are the three companies in the Commercial Printing industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.Consolidated Graphics ranks lowest with a a price to book ratio of 0.98. Courier is next with a a price to book ratio of 0.99. Multi-Color ranks third lowest with a a price to book ratio of 1.44. RR Donnelley follows with a a price to book ratio of 1.85, and Innerworkings rounds out the bottom five with a a price to book ratio of 3.60.

Ups and Downs Of Today's Direct Marketing

The ups and downs of today's direct marketing: Direct marketing is still a "fantastic channel," but needs a bit of its own rebranding.
Marketing in general, and direct marketing specifically, face their share of challenges—both in- and outside their companies. I recently had the chance to speak with Mona Goldstein, president of The Goldstein Group, about the difficulties and opportunities she's seeing in the industry. According to Goldstein, one burning internal issue is the need for some marketing departments to reorganize. “Many marketing departments were built for another age,” she said. “They need to make changes to align with what's happening in marketing today.”

British Paper Mill Moves To American Ownership

http://www.growthbusiness.co.uk/news-and-market-deals/mergers-and-acquisitions/2126283/british-paper-mill-moves-to-american-ownership.thtml
A US private equity firm has taken control of Aylesford Newsprint, a Kent-based recycled paper mill. SCA Forest Products and Mondi Group has sold its shareholdings in Aylesford Newsprint to The Martland Holdings for an undisclosed amount. Located in Kent, Aylesford has a capacity to produce 400,000 tonnes of newsprint year from recycled fibre. According to a statement, the company supplies major national newspaper groups in the UK and generated £150 million of revenues in 2011.

Rate Base Inc For Parenting Group

http://www.audiencedevelopment.com/2012/parenting+group+sees+rate+base+increase+record+web+traffic#.UGyqOUROTE8?utm_source=MV_Audience+Development&utm_medium=email&utm_content=HTMLLinkID%3a+31&utm_campaign=One+Third+of+U.S.+Adults+Get+News+by+Phone+or+Tablet%e2%80%a610+Ideas+For+Building+Circulation%2c+Part+2%e2%80%a6The+Circulator+%7c+10.03.2012
Bonnier’s Parenting School Years will increase its rate base 4.5 percent, the company announced.Citing an increase in the number of individual paid subscriptions, the School Years edition will now have a rate base of 575,000. It is the second rate base increase for the magazine since 2009. By comparison, Parenting itself has a 1.65 million rate base.

Foreign Affairs Turns 90

http://www.minonline.com/news/21245.html?utm_source=twitterfeed&utm_medium=twitter
One of the most respected and powerful periodicals in the Western world marks an important milestone this past month. Foreign Affairs, a platform for some of the most informed thought on international policy and relations turned 90. The magazine says it has honored its original mission stated nine decades ago: “The articles in Foreign Affairs will deal with questions of international interest today. The magazine stated its vision for the publication in its inaugural issue Sept. 15, 1922. While in print Foreign Affairs remains a bi-monthly publication, the brand has leveraged the Web wisely to maintain currency. Its daily posts and opinion pieces keep FA in the foreign policy conversation in real time online. The brand has been active in the social realm. Its Twitter feed had over 103,000 followers/

EW Adds Twitter Feed To Print Issue

http://www.minonline.com/news/21246.html?utm_source=twitterfeed&utm_medium=twitter
In a novel twist on activating print with digital complements, Entertainment Weekly is bringing a live Twitter feed into its Oct. 5 issue. The ad for TV network CW includes an LED screen that receives a wireless feed of comments from and about the CW network and its programming. The screens will also run video clips from the fall season premieres on the CW.

Quebecor Issues $1.35 Billion in Bonds

Quebecor Issues $1.35 Billion in U.S., Canadian Dollar Bonds:
Quebecor Inc. , the Canadian media company, increased an offering of U.S.- and Canadian-dollar- denominated bonds by 36 percent to $1.36 billion and will use the additional proceeds to retire debt.

News, Long-Form Articles Drive Tablet Usage

http://www.abmassociation.com/News/2881/News,-long-form-articles-drive-tablet-usage
As media companies scramble to identify user behavior on mobile devices, two major reports were released this week that demonstrate that mobile users put a priority on news. According to a new survey, "Future of Mobile News," by the Pew Research Center's Project for Excellence in Journalism(PEJ), in collaboration with The Economist Group, half of American adults have a web connection through their smartphone or tablet, and this is causing a rapid consumption of news. The PEJ study reports that 64 percent of tablet owners and 62 percent of smartphone owners access news articles on the devices at least once a week. According to the study, 22 percent of American adults own tablets and 44 percent own smartphones, concluding that roughly a third of American adults get news on their mobile devices weekly.



New Research Shows Email Marketing Not Dead

http://www.socialmediaexplorer.com/digital-marketing/email-marketing-research/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+SocialMediaExplorer+(Social+Media+Explorer)
With the advent of any new, exciting or sexy way of doing anything, the advocates for it will proclaim the old methods to be dead. The Internet was supposed to kill print. It hasn’t. Television was supposed to kill radio. It didn’t. Lately, social media has been said to be the next great “killer” driving things like email marketing to its death. That notion was largely behind my reason to pen The Rebel’s Guide To Email Marketing with DJ Waldow. Social will kill email? No, it won’t. Or at least that is our supposition. But why suppose? Why not ask? It’s kinda what we do here.
In the latest edition of The Social Habit, we asked a representative sample of over 3,000 American social media users 12 and older if they read email from brands products or companies. Of those who responded, 61 percent say that yes, they indeed do read emails from such entities. Email marketing is dead? We think not.

 

Report Shows QR Codes Beat Direct Mail

http://www.mobilemarketer.com/cms/news/research/13905.html
 QR codes are spurring consumers to take action with response rates that are higher than other direct marketing tactics, according to a new report from Nellymoser. The report, "Scan Response Rates in National Magazines," found that readers of national magazines scan QR codes, Microsoft Tags, digital watermarks and other mobile action codes at an average rate of 6.4 percent. The report also found that mobile users are actively engaged and view an average of 18.9 mobile pages. “The big news is that QR style mobile codes in magazines get higher response rates than other printed direct marketing tools,” said Roger Matus, executive vice president at Nellymoser Inc., Arlington, MA.
“We never knew this before because this is the first time anyone has been able to measure the complete impact of printed mobile codes from the initial scan to the delivery of the mobile experience,” he said. The number of QR codes and other mobile action codes appearing on print ads in magazines has been steadily growing. A recent report from Nellymoser found that approximately 10 percent of magazine advertising pages contained a QR code or other activation mechanism in the second quarter of 2012, up from 5 percent a year ago.

CDS Launches Digital Newsstand System

http://www.audiencedevelopment.com/2012/cds+global+launches+digital+newsstand+data+management+system?utm_source=MV_Audience+Development&utm_medium=email&utm_content=HTMLLinkID%3a+28&utm_campaign=One+Third+of+U.S.+Adults+Get+News+by+Phone+or+Tablet%e2%80%a610+Ideas+For+Building+Circulation%2c+Part+2%e2%80%a6The+Circulator+%7c+10.03.2012
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. It has to be manipulated by hand and is extremely labor intensive. Imagine an Excel spreadsheet hundreds or thousands of columns wide and you begin to get the picture. Even more importantly, tying revenue back to sold issues has been problematic at best. The Web-based platform essentially sits between the digital newsstands and the publisher and collects sales data, standardizes it and makes it available in a variety of dashboards that allow publishers to generate reports automatically. The platform currently supports data from Amazon, Barnes & Noble and Zinio. Apple data, says the company, will be added in the next couple weeks.

How Newspapers Survive In Digital

http://www.mediapost.com/publications/article/183352/beyond-ads-how-newspapers-survive-in-digital.html?edition=51784
Over the past few years, the pendulum has swung from the newspaper industry writing its own obituary to a new -- and what some might say is surprising -- trend: bullishness. When analysts recently expressed concerns about the future of his papers, Rupert Murdoch responded by saying: “The answer is one word: digital. News is the most valuable commodity in the world, even if fewer people are buying printed papers on crushed wood.”
This new optimism has emerged alongside some dire trends. The hope that print ad revenue might rebound (or at the very least, plateau) has passed. Print ad revenues are half of what they were in 2006) a reflection of the steep decline in freestanding inserts’ revenue and circulation. So, too, has unceremoniously ended the decade-long battle to see if online advertising can make up the shortfall.

Wednesday, October 3, 2012

A.T. Clayton Names Peter Harding President

http://atclayton.com/
A.T. Clayton has named Peter Harding to the position of President. Mr. Harding has been in the paper industry for over 21 years, most recently as Vice President of Domtar's Business Paper Group. He started his career with Champion International in the New York area, focusing on the publishing and catalogue sectors. Mr. Harding served as Director of the HP business with Champion and continued in that capacity after International Paper acquired the company. He will have purview over sales and operations and will report to Mark Vallely, CEO of A.T. Clayton.

Domtar Kamloops: CEP Union Votes for Strike

CEP Local 10b votes 99.6% in favour of a strike:
CEP Local 10b at Domtar‘s mill in Kamloops, British Columbia voted 99.6% in favour of a strike on Monday night.
The union wants to establish pattern bargaining in British Columbia’s pulp sector, using Canfor‘s deal as the pattern.  Canfor’s latest contract with its workers includes a 7.5% wage increase over 5 years (with no wage hikes in the first 2 years.)
Domtar and the union have scheduled 2 days of bargaining. The workers have been without a contract since April.

SCA Divests Aylesford, UK Mill

SCA divests newsprint mill in Aylesford, UK
SCA has divested its 50 per cent shareholding in the UK-based newsprint facility Aylesford Newsprint to the private equity company Martland Holdings.

Oji Expands, Buys Thai Packaging, Print Firms

Oji Holdings, the newly established parent firm of Oji Paper, has stepped up its investments in Thailand, acquiring converter Box Asia Group International and boosting its stake in another Thai converting firm, S Pack & Print, to become the latter's majority shareholder.

Consumer Reports Names New Editorial Director

Consumer Reports Undergoing Reorg, Editorial Director Kevin McKean Out:
Consumer Reports is currently working its way through an organization-wide restructuring, FOLIO: has learned. The bulk of the changes at this point will hinge on forming a new centralized content group that will merge the editorial, testing and survey groups.

One Third Get News from Mobile Units

http://www.foliomag.com/2012/pej-one-third-u-s-adults-get-news-phone-or-tablet#.UGxUwxhmuKw
One third of adult Americans now get news via mobile devices, Amy Mitchell of the Project for Excellence in Journalism reported during a panel discussion as part of Advertising Week in New York yesterday. Surely, the announcement came as no surprise to the standing-room-only crowd at the NASDAQ Building in Times Square-many of whom were taking notes, tweeting and surfing on their own smartphones and tablets during the session.

Holiday Sales Expected to Grow

http://www.4-traders.com/news/NRF-National-Retail-Federation-NRF-Shop-org-Expect-Solid-Growth-This-Holiday-Season--15247662/
Tempered by political and fiscal uncertainties but supported by signs of improvement in consumer confidence, holiday sales this year will increase 4.1 percent to $586.1 billion.*  NRF's 2012 holiday forecast is higher than the 10-year average holiday sales increase of 3.5 percent. Actual holiday sales in 2011 grew 5.6 percent. 
http://www.heraldonline.com/2012/10/02/4307690/online-retail-sales-for-2012-predicted.html
As retailers continue to adjust to omni-channel platforms, there is still plenty of room for growth online. According to a new survey from BDO USA, LLP, retail CFOs predict a 5.9 percent increase in total 2012 online sales, compared to 4.1 percent and 4.5 percent increases in comparable store sales and total sales, respectively.

Educational Publishers Face Multichannel Future

Educational Publishers Must Prepare for Multichannel Future Survey Finds: NEW YORK—Oct. 2, 2012—Data Conversion Laboratory (DCL), a leader in converting content to new formats, and the Association of Educational Publishers (AEP), which encourages and advocates for professional, quality content for teaching and learning, announced the results of “The Changing Face of Back to School Survey” of the K-12 education market.

USPS, Postal Union Find Agreement

USPS, Postal Union Agree on Retirement Incentives: The Postal Service and one of its largest unions have agreed to offer retirement incentives to a wide swath of postal employees. Employees who accept the buyout—who must have at least 20 years tenure at 50 years old, or have worked at least 25 years—would leave USPS at the end of January 2013. They would receive $10,000 in May 2013, and then the last $5,000 in May 2014.

Advertisers Upset with Microsoft 'Do Not Track'

Advertisers slam Microsoft over 'do not track': The advertising community took advantage of Advertising Week here to criticize Microsoft Corp. for its decision earlier this year to ship its new version of the Internet Explorer Web browser with “do not track” as the default setting.

Flint Group Announces Flexo Plate Price Increase

Flint Group announces 3% flexo plate price hike:
The manufacturer cited the fact energy costs have risen more than 20% since 2007, with further "major increases" expected due to the move to renewable energies, as one reason for the price hike.
It added that transport and logistic costs had "constantly gone up" in recent years, with future rises becoming evident, and that raw material prices had escalated since 2008 with "no recovery" in sight.

IDEAlliance Releases New Printing Guidelines

IDEAlliance Releases Updated Printing Guidelines Publication: ALEXANDRIA, VA—Oct. 2, 2012—IDEAlliance has released its “12th Edition of Printing Guidelines,” categorizing the latest best practices and specifications for printing. The 44-page guide addresses the demands of evolving customer needs, the new challenges of acting globally, and the latest changes in technology.

Tuesday, October 2, 2012

NewPage Reaches Agreement with Creditors

NewPage Reaches Agreement with Creditors on Chapter 11 Plan: NewPage Corp. has reached an agreement in principle with all of its major creditor groups concerning the terms of its Chapter 11 plan. A brief summary of the agreement in principle has been posted to the KCC restructuring website.
From BloombergNewsweek:
The NewPage Corp. warring creditor factions came to agreement on a reorganization plan with help from a bankruptcy judge serving as mediator.
The plan will give all the stock to holders of first-lien notes. Second-lien noteholders and some unsecured creditors will split up $30 million in cash and the first $50 million collected by a litigation trust.
After the initial $50 million from the trust, additional distributions will be shared by the first- and second-lien noteholders and some unsecured creditors.
Trade suppliers who agree to provide credit in the future will receive 15 percent on their claims over two years, according to a company statement.
The company reported a $2.25 million net loss in August on net sales of $273.7 million. Reorganization expenses in the month were $3.9 million, according to the operating report filed with the bankruptcy court in Delaware.
Newpage filed a Chapter 11 plan in August that dissatisfied both secured and unsecured creditors. NewPage had been saying that unsecured creditors are “hopelessly out of the money” with no theory that would bring them a dividend under a Chapter 11 plan. For details on the August plan, click here for the Aug. 14 Bloomberg bankruptcy report.
Although the NewPage bankruptcy is pending in Delaware, the mediator was Bankruptcy Judge Robert Drain from New York.
Newpage will fund the litigation trust with $40 million cash and specified lawsuit recoveries. NewPage will also loan the trust $5 million to be used for administrative expenses. The official creditors’ committee supports the newly negotiated plan.
The official committee argued that that the lenders financed an acquisition in 2007 and a refinancing two years later that included fraudulent transfers. For details on the creditors’ claims, click here for the May 9 Bloomberg bankruptcy report.
Eighty percent owned by Cerberus Capital Management LP, NewPage listed assets of $3.4 billion and debt totaling $4.2 billion in the Chapter 11 reorganization begun in September 2011. Liabilities included $232 million on a revolving credit plus $1.77 billion on 11.375 percent senior secured first-lien notes.
Second-lien obligations include $802 million in 10 percent secured notes and $225 million in floating-rate notes. In addition to $200 million in 12 percent senior unsecured notes, $498 million is owing on two issues of floating-rate pay-in-kind notes.
NewPage, based in Miamisburg, Ohio, filed bankruptcy with 16 paper-making machines operating in seven plants in the U.S. and Nova Scotia. The Canadian affiliate filed for reorganization in Nova Scotia. The company reported a net loss of $229 million in the first half of 2011 on revenue of $1.79 billion, following a $674 million net loss in 2010 on revenue of $3.6 billion.

Holmen to Close Hallsta 140,000 mtpy SC PM

Holmen to shut 140,000 tonne/yr SC machine at Hallsta mill in Sweden, mill to focus on MF magazine and book paper: Holmen Paper is starting work aiming to concentrate production at the mill in Hallstavik to two paper machines with strong positions in their respective product segments: MF Magazine and book paper. The result of this is that the mill's oldest machine, PM 3, is being shut down. At the same time, there are plans to invest in energy efficiency measures that, together with the closure, will considerably reduce the mill's future investment needs. These measures will strengthen the mills competitiveness.

Resolute Increases Pulp Price

Resolute Forest Products told North American customers its northern bleached softwood kraft (NBSK) and southern bleached softwood kraft (SBSK) market pulp prices would increase $20/tonne, effective October 1.

China's Pulp Imports Fall, RCP Up

China's total pulp imports dropped 4.6% in August compared to the previous month, to nearly 1.141 million tonnes, according to data from China Customs. 

China's total recovered paper (RCP) imports climbed 12.5% to nearly 2.646 million tonnes in August, up from some 2.352 million tonnes in July, according to data from China Customs.

Barker Named Paperlinx Chairman

Boon replaced by actuary Michael Barker as Paperlinx chairman:
Michael Barker joins newly-appointed non-executive director Robert Kaye and Andrew Price, who was brought onto the Paperlinx board on September 1, despite Boon voicing concerns in a letter to shareholders about Price becoming a non-executive director, in the run up to an extraordinary AGM in April.

Modern Luxury Buys Aspen

Modern Luxury Acquires Aspen Magazine:
Affluent lifestyle publisher Modern Luxury is closing a hole in its portfolio with the acquisition of Aspen Magazine—a market the CEO says will help propel the company’s growth.