Tembec reports a net loss of $47 million in its 4th quarter, ending September 29, 2012:
Tembec is reporting a net loss of $47 million in its 4th quarter, ending September 29, 2012 on consolidated sales of $443 million.
Sales were up compared to $421 million in the same quarter last year. Reported net loss in the same quarter last year was $17 million.
The results from the last quarter include a non-cash asset impairment charge of $50 million relating to the recently idled Chetwynd, British Columbia, pulp mill.
Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $23 million for the quarter, as compared to adjusted EBITDA of $19 million a year ago and adjusted EBITDA of $27 million in the prior quarter.
Thursday, November 15, 2012
Atlantic to Reopen Mill, Make Recylcled Pack. Paper
Atlantic Packaging plans to reopen Whitby, Ontario mill:
Atlantic Packaging Products plans to re-open their Whitby, Ontario mill in March of 2013.
The former newsprint mill has been upgraded with technology that will allow Atlantic Packaging to produce 100% recycled lightweight paper used to manufacture high performance corrugated packaging products.
Atlantic Packaging Products plans to re-open their Whitby, Ontario mill in March of 2013.
The former newsprint mill has been upgraded with technology that will allow Atlantic Packaging to produce 100% recycled lightweight paper used to manufacture high performance corrugated packaging products.
Catalyst Paper Receives Conditional Approval
Catalyst Paper Receives Conditional Approval for Listing of New Common Shares on TSX: (CANADA) Catalyst Paper announced today that it has received conditional approval for the listing of its new common shares on the Toronto Stock Exchange.
NS Export Growth to Lead Country, Port Hawk Fuels Forest Sector
Export Development Canada's
(EDC) forecast for Nova Scotia's export growth calls for a rebound of 17 per
cent in 2013 after a 14 per cent decline this year.
"Nova Scotia's export
growth will lead the country in 2013 with a jump of 17 per cent, driven by a
more positive outlook for the natural gas sector, paper mills coming back on
line and improved U.S. demand," said Peter Hall, Chief Economist, EDC.
"Next year's growth is a relief, a welcome sharp rebound from the 14 per
cent decline in 2012."
"The reopening of the
NewPage Port Hawkesbury paper mill will be the base of the forestry export
story next year," said Hall. "The shutdown of the Bowater Mersey Mill
in Brooklyn, while impactful to the province, is not expected to weigh down
export growth as most of its production supplies the domestic market."
AF&PA Asks Congress to Pass PNTR with Russia
AF&PA Calls on Congress to Pass Russia PNTR Legislation: (USA) American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement ahead of expected a House vote on legislation authorizing permanent normal trade relations (PNTR) with Russia.
AF&PA Sustainability Awards Announced
2012 AF&PA Sustainability Award Winners Announced at Annual Meeting: (USA) The American Forest & Paper Association (AF&PA) presented its first ever Better Practices, Better Planet 2020Sustainability Awards at the association's annual meeting on Friday, Nov. 9 in Scottsdale, Ariz.
Designed to recognize exemplary sustainability programs and initiatives, the awards are to be given based on the merit of entries received across multiple categories. This year, five companies were chosen to receive awards.
Designed to recognize exemplary sustainability programs and initiatives, the awards are to be given based on the merit of entries received across multiple categories. This year, five companies were chosen to receive awards.
Eddie and Ozzie Award Winners Announced
The 2012 Eddie and Ozzie Award Winners Announced:
The winners of the 2012 Eddie and Ozzie Awards were honored yesterday during a lunch event in New York. The Eddie and Ozzie awards program is the largest of its kind for magazine publishers. It also has the proud distinction of being the only awards event open to magazines and websites of all kinds—consumer, b-to-b, association, custom and regional, big and small.
The winners of the 2012 Eddie and Ozzie Awards were honored yesterday during a lunch event in New York. The Eddie and Ozzie awards program is the largest of its kind for magazine publishers. It also has the proud distinction of being the only awards event open to magazines and websites of all kinds—consumer, b-to-b, association, custom and regional, big and small.
Time's All You Adds Reader Generated Content
http://www.mediapost.com/publications/article/187369/mag-bag-all-you-ups-reader-generated-content.html#axzz2CJvLg9k6
All You, a Time Inc. magazine targeted at value-conscious female Wal-Mart shoppers, is introducing more reader-generated content as part of a new editorial treatment beginning with its December issue, which hits Wal-Mart newsstands on Friday.
All You, a Time Inc. magazine targeted at value-conscious female Wal-Mart shoppers, is introducing more reader-generated content as part of a new editorial treatment beginning with its December issue, which hits Wal-Mart newsstands on Friday.
The December issue introduces a new editorial feature, “Real Talk,” which
highlights readers’ tips and reviews and answers reader questions. Comments
from Facebook, bloggers, and the All You Web site are also showcased throughout
the magazine.
min Presents Editorial & Design Awards
Graphic in a different way was Firehouse's b2b app-winning display of--naturally--a
smouldering building.
ABC Rebrands as Alliance for Audited Media
ABC Rebrands as Alliance for Audited Media:
In another sign of how the shifting media landscape is changing the way companies operate within it, the Audit Bureau of Circulations has announced it's rebranding to a less print-focused name of Alliance for Audited Media. The new identity is representative of a number of initiatives the auditing firm has been rolling out that address the multiplatform content and audience realities publishers are working with, most notably its Consolidated Media Report, which allows publishers to verify their cross-platform metrics.
In another sign of how the shifting media landscape is changing the way companies operate within it, the Audit Bureau of Circulations has announced it's rebranding to a less print-focused name of Alliance for Audited Media. The new identity is representative of a number of initiatives the auditing firm has been rolling out that address the multiplatform content and audience realities publishers are working with, most notably its Consolidated Media Report, which allows publishers to verify their cross-platform metrics.
Are Online Ads Less Effective Than Print Ads?
Are Online Ads Less Effective Than TV and Print Ads?:
Written by Howard Fenton
Reading a study by Adobe stating that 50% of consumers say that online banner ads do not work and only 3% prefer online ads on social media sites was surprising. Most said that they found online ads “annoying” and “distracting.” The study entitled “Click Here: The State of Online Advertising” suggests that the current thinking about the effectiveness of online ads and social media is exaggerated.
Written by Howard Fenton
Reading a study by Adobe stating that 50% of consumers say that online banner ads do not work and only 3% prefer online ads on social media sites was surprising. Most said that they found online ads “annoying” and “distracting.” The study entitled “Click Here: The State of Online Advertising” suggests that the current thinking about the effectiveness of online ads and social media is exaggerated.
China Invests $8 Billion in Publishing Industry
http://english.peopledaily.com.cn/90778/8007441.html
China's Bank of Communications will pump 50 billion yuan (8 billion U.S. dollars) into the country's publishing industry, according to a cooperative agreement signed on Tuesday.
The agreement, signed by the General Administration of Press and Publication (GAPP) and the Bank of Communications, said the bank will provide the finance in three years.
China's Bank of Communications will pump 50 billion yuan (8 billion U.S. dollars) into the country's publishing industry, according to a cooperative agreement signed on Tuesday.
The agreement, signed by the General Administration of Press and Publication (GAPP) and the Bank of Communications, said the bank will provide the finance in three years.
USPS FY Loss: Urgent Need for Legislative Reform
Postal Service’s $15.9-Billion Loss Highlights Urgent Need for Legislative Reform: The U.S. Postal Service ended the 2012 fiscal year (Oct. 1, 2011 – Sept. 30, 2012) with a record net loss of $15.9 billion, compared to a net loss of $5.1 billion for the same period last year. The loss included expenses of $11.1 billion related to two payments to prefund retiree health benefits. Resolving the prefunding requirement, which made up 70 percent of the net loss, and providing more commercial flexibility to allow the Postal Service to manage its business, are among legislative changes needed for USPS to fully implement its business plan to return to financial stability.
Projected USPS Pension Surplus Shrinks
Projected Postal Service Pension Surplus Shrinks as Rates Fall: The projected excess in the Federal Employees Retirement System for benefits covering about 471,000 current postal employees shrank to $2.6 billion from $10.9 billion a year earlier, John Berry, director of the U.S. Office of Personnel Management, said in an Oct. 30 letter to Postmaster General Patrick Donahoe.
Real-Time Bidding 13% of Display Ad Spending
That’s according to new estimates from eMarketer, which only expects RTB to
gain momentum in the coming years as more media buyers and publishers warm to
its efficiencies.
This year, the overall U.S. display ad market will grow 21.5% to $15 billion
from $12.3 billion in 2011, eMarketer projected in September. Growth in RTB
display ad spending, by comparison, is expected to reach 98% in 2012.
FTI: Holiday Spending Up 4.5%
http://www.sacbee.com/2012/11/14/4984619/fti-consulting-issues-new-us-retail.htmlFTI Consulting, Inc. (NYSE: FCN), the global
business advisory firm dedicated to helping organizations protect and enhance
their enterprise value, today released its 2012 Retail Report. The report,
titled "A Real Cliffhanger," analyzes the state of the retail sector
in the United States and finds resilience in consumer spending on goods despite
ongoing global economic uncertainty and threats posed by the impending fiscal
cliff. Consumer confidence is approximately 25 percent higher entering the 2012
holiday shopping season than it was a year ago.
Manroland Sheetfed Completes Reorganisation
Manroland Sheetfed completes reorganisation:
The bulk of the restructuring happened in February, when Langley concluded a deal to buy the former sheetfed division of German press manufacturer Manroland out of administration.
In addition to securing the jobs of 824 staff at Manroland's Offenbach site, Langley retained more than 1,000 more across a number of other German sites and more than 40 overseas subsidiaries.
The bulk of the restructuring happened in February, when Langley concluded a deal to buy the former sheetfed division of German press manufacturer Manroland out of administration.
In addition to securing the jobs of 824 staff at Manroland's Offenbach site, Langley retained more than 1,000 more across a number of other German sites and more than 40 overseas subsidiaries.
Kodak Gets Interim and Exit Financing
Kodak Agrees to $793 Million in Interim and Exit Financing: Agreement with Centerbridge, GSO, UBS and JPMorgan Sets Kodak's Path to Emergence from Chapter 11 in the First Half of 2013ROCHESTER, N.Y., - Eastman Kodak Company announced today that it has entered into a commitment letter to secure $793 million in Junior Debtor-in-Possession Financing with Centerbridge Partners, L.P., GSO Capital Partners LP, UBS and JPMorgan Chase & Co.
Economy Shows Green Shoots From China to U.S.
Economy Shows Green Shoots From China to U.S. With Data Surprise:
The U.S. and China, the world's traditional twin sources of growth, are planting seeds to lift the world economy from its midyear slowdown.
The U.S. and China, the world's traditional twin sources of growth, are planting seeds to lift the world economy from its midyear slowdown.
Wednesday, November 14, 2012
Catalyst Paper Announces Q3 Results
Reorganization of Catalyst Paper leads to net earnings of $655.7 million in Q3, 2012:
Catalyst Paper is reporting net income of $655.7 million in the third quarter of 2012 due to a significant one-time credit arising from reorganization gains and “fresh-start accounting” valuation adjustments.
The company emerged from creditor protection on September 13, 2012 with significant debt and cost-structure improvements.
In the quarter before, Catalyst Paper reported a net loss of $11.7 million. Sales in the third quarter were essentially unchanged at $265.7 million.
Catalyst Paper is reporting net income of $655.7 million in the third quarter of 2012 due to a significant one-time credit arising from reorganization gains and “fresh-start accounting” valuation adjustments.
The company emerged from creditor protection on September 13, 2012 with significant debt and cost-structure improvements.
In the quarter before, Catalyst Paper reported a net loss of $11.7 million. Sales in the third quarter were essentially unchanged at $265.7 million.
NewPage Strengthens Partnership with ATFS
NewPage Corporation (NewPage)
announced today that it has increased its supply-chain preference for pulpwood
procured from certified woodland owners, including those certified to the
American Tree Farm System (ATFS).
NewPage, the leading producer of
printing and specialty papers in North America, is the largest buyer of
pulpwood in the Great Lakes States. In 2011, 48 percent of the fiber (wood and
pulp) purchased by NewPage came from certified sources.
According to Gordy Mouw, NewPage
Certification and Resource manager, the procurement preference reflects the
company's commitment to forest stewardship as well as its efforts to meet the
growing demand of its customers seeking paper sourced from certified
timberlands. In addition to ATFS, NewPage has established preferences for wood
certified by the Forest Stewardship Council® and the Sustainable Forestry
Initiative®.
"Adding certified ATFS wood
to our supply-chain addresses our customers' interests, our own commitment to
sustainability, and helps family forest owners by expanding markets for their
wood products," Mouw said. "This in turn helps them keep their forest
land forested."
Price of Forest Carbon Credits Doubled
The price of forest carbon credits has doubled
The price of forest carbon credits doubled in 2011, leading to a record market value of $237 million according to the latest Ecosystem Marketplace survey of forest carbon markets, Leveraging the Landscape: State of the Forest Carbon Markets 2012.
The report examines a variety of strategies for injecting financial resources into projects that save or plant forests that capture carbon. Carbon offsets from these projects averaged $9.2 per tonne of sequestered carbon in 2011, up from $5.5 per tonne in 2010.
The price of forest carbon credits doubled in 2011, leading to a record market value of $237 million according to the latest Ecosystem Marketplace survey of forest carbon markets, Leveraging the Landscape: State of the Forest Carbon Markets 2012.
The report examines a variety of strategies for injecting financial resources into projects that save or plant forests that capture carbon. Carbon offsets from these projects averaged $9.2 per tonne of sequestered carbon in 2011, up from $5.5 per tonne in 2010.
IP/Memphis Negotiations
International Paper is not
pushing for a 30-year tax break to stay and expand its headquarters in Memphis,
but rather additional 15-year tax breaks on its existing and planned properties
and even on corporate aircraft, according local officials briefed by company
representatives.
The Fortune 500 company is
considering having a fourth office tower built next door and just east of its
headquarters at 6400 Poplar, Shelby County Commissioner Mike Ritz said Tuesday.
The Future Of Food Packaging
The Future Of Food Packaging:
A recent survey by DuPont Packaging got me thinking about the future. The first part of the survey asked packaging professionals from across the world about the most important priorities affecting the industry – cost, sustainability, convenience, shelf impact, and so on. But what really caught my eye was the second part of the survey that asked the same professionals what they thought would be most important ten years from now, in 2022.
The answers were surprisingly different. While cost is king in 2012, sustainability looks to be the biggest concern by 2022. Today integrating merchandising strategies in the packaging process is essential, tomorrow trackability and anti-counterfeiting measures may be the next major challenge.
A recent survey by DuPont Packaging got me thinking about the future. The first part of the survey asked packaging professionals from across the world about the most important priorities affecting the industry – cost, sustainability, convenience, shelf impact, and so on. But what really caught my eye was the second part of the survey that asked the same professionals what they thought would be most important ten years from now, in 2022.
The answers were surprisingly different. While cost is king in 2012, sustainability looks to be the biggest concern by 2022. Today integrating merchandising strategies in the packaging process is essential, tomorrow trackability and anti-counterfeiting measures may be the next major challenge.
Flint Group Announces Ink Price Increase
Flint Group Announces Ink Price Increase: The highly volatile raw material markets in 2012 necessitate Flint Group to increase prices for all Coldset, Heatset, Publication Gravure, Sheetfed, Packaging and Narrow Web Inks and Coatings and Press Room Chemicals as of 1 st Jan 2013. In 2012, the global raw material markets have continued to be highly volatile. Despite the rather flat economic outlook, there are still many challenges for the supply chain.
Groupon Goods Launches Holiday & Toy Catalogs
Esquire with Interactive Magazine
Penton Media Buys Farm Progress
Penton Media buys Farm Progress, boosts agricultural offerings: Penton Media today acquired Farm Progress, a holding company that includes 23 agricultural magazine titles, four expositions, digital and broadcast products as well as investment data.
Dwell/E-Retailer with Augmented Reality Offering
Dwell Partners With E-Retailer in Augmented Reality Offering: Modern design publisher Dwell Media joined the growing collection of print products to add augmented reality (AR) to its pages earlier this week, turning it's shopping magazine into a shoppable store.
October M&A Media Deals Up 4%
Report: M&A media deal volume up slightly in October: The number of mergers and acquisitions transactions in the marketing, media, technology and services industries totaled 310 in October, up 4% compared with the same time period in 2011, according to data released by investment bank Petsky Prunier. In the same time frame, the aggregate value of deals in this sector increased 8%, to about $6.9 billion.
Online Holiday Sales: Up 20% in Value, 8% Overall
ShopVisible, winner of the 2012 CODiE Award for Best
Electronic Commerce Solution and the recent winner of the American Business
Bronze Award for Most Innovative Technology Company, today announces data that
gives retailers insights into the early picture of the 2012 holiday shopping
season: The data, drawn from over one billion in sales and over 100 online
retail sites, reveals: 1) Based on growth trends revealed from an analysis of
all client site traffic over the past 6 years, ShopVisible projects that the
trend shall continue, with order volumes increasing 8%-10% for most online
retailers.
More Cookies from Publishers
In a recent study, online
privacy firm Truste found that publishers’ homepages average more than twice as
many persistent third-party cookies as those of e-commerce sites. Such
third party cookies often allow these pubishers to know things about their
visitors, such as whether they might in the market for a new smartphone based
on their recent Web activity.
Bertelsmann Reports 9-Month Results
http://www.rttnews.com/2004491/bertelsmann-reports-rise-in-9-month-profit-on-higher-revenues-quick-facts.aspx?type=qf&utm_source=google&utm_campaign=sitemap
Bertelsmann, the international media group, released the financial results for the nine-month period ended 30 September 2012, reporting a rise in Group profit for the period on higher revenues.
Bertelsmann, the international media group, released the financial results for the nine-month period ended 30 September 2012, reporting a rise in Group profit for the period on higher revenues.
Record High Global Carbon Emmissions
Worldwide emissions rose 834 million metric tons to 33.99 billion tons, IWR said today on its website. China’s releases of the greenhouse gas climbed 6.5 percent, offsetting declines in the U.S., Russia and Germany, the Muenster-based institute said.
Q3 Retail & Consumer M&A Value Up 160%
For the three month period ending September 30, 2012, there were a total of 32 deals in the retail and consumer sector with values greater than $50 million, accounting for $19.8 billion in deal value, a 60 percent increase in volume and a 160 percent increase in value from the 20 deals worth $7.6 billion during the third quarter of 2011.
Direct Marketers: Big Data & Big Measurement
A new view of Big Data for direct marketers:
Technically we now have access to a range of data management options that deliver scale and performance with standards-based hardware and open-source software. However, as IBM's recent study shows (“From Stretched to Strengthened”) CMOs still believe that they're relatively unprepared for the explosion of data and the accompanying ROI accountability. Throw in channel proliferation and we have potential for the types of false starts and failed ROI that Gartner identified with the emergence of CRM.
As a resolution to this challenge, direct marketers should adopt, in conjunction with Big Data, the concept of Big Measurement, which involves applying the right data with the right measurement metrics, and implementing a systematic model that manages both.
Technically we now have access to a range of data management options that deliver scale and performance with standards-based hardware and open-source software. However, as IBM's recent study shows (“From Stretched to Strengthened”) CMOs still believe that they're relatively unprepared for the explosion of data and the accompanying ROI accountability. Throw in channel proliferation and we have potential for the types of false starts and failed ROI that Gartner identified with the emergence of CRM.
As a resolution to this challenge, direct marketers should adopt, in conjunction with Big Data, the concept of Big Measurement, which involves applying the right data with the right measurement metrics, and implementing a systematic model that manages both.
Tuesday, November 13, 2012
Verso Paper Reports Q3 Results
Verso Paper Corp. Reports Third Quarter 2012 Results: Verso Paper Corp. (NYSE: VRS) today reported financial results for the third quarter and nine months ended September 30, 2012. Results for the quarters ended September 30, 2012 and 2011 include:
-Adjusted EBITDA before pro forma effects of profitability program of $50.2 million in the third quarter of 2012, compared to $23.5 million in the second quarter of 2012 and $64.2 million in the third quarter of 2011. (Note: Adjusted EBITDA is a non-GAAP financial measure and is defined and reconciled to net income later in this release).
-Net loss before items of $12.0 million, or $0.23 per diluted share, in the third quarter of 2012 compared to net loss before items of $43.1 million, or $0.81 per diluted share, in the second quarter of 2012 and net income before items of $0.8 million, or $0.01 per diluted share, in the third quarter of 2011.
-The closure of the Sartell mill resulted in an aggregate pre-tax charge to earnings of approximately $97.2 million in the third quarter of 2012. This includes approximately $16.3 million for severance and benefit costs; $75.8 million in non-cash charges for fixed asset and other impairment charges; and $5.1 million related to other costs.
-Adjusted EBITDA before pro forma effects of profitability program of $50.2 million in the third quarter of 2012, compared to $23.5 million in the second quarter of 2012 and $64.2 million in the third quarter of 2011. (Note: Adjusted EBITDA is a non-GAAP financial measure and is defined and reconciled to net income later in this release).
-Net loss before items of $12.0 million, or $0.23 per diluted share, in the third quarter of 2012 compared to net loss before items of $43.1 million, or $0.81 per diluted share, in the second quarter of 2012 and net income before items of $0.8 million, or $0.01 per diluted share, in the third quarter of 2011.
-The closure of the Sartell mill resulted in an aggregate pre-tax charge to earnings of approximately $97.2 million in the third quarter of 2012. This includes approximately $16.3 million for severance and benefit costs; $75.8 million in non-cash charges for fixed asset and other impairment charges; and $5.1 million related to other costs.
Nova Scotia/Resolute Negotiating Bowater Mersey
Nova Scotia is negotiating with Resolute Forest Products to aquire assets of Bowater Mersey:
The Chronicle Herald is reporting today that the province of Nova Scotia is negotiating exclusively with Resolute Forest Products to acquire the assets of Bowater Mersey Paper Co. Ltd.
The Chronicle Herald is reporting today that the province of Nova Scotia is negotiating exclusively with Resolute Forest Products to acquire the assets of Bowater Mersey Paper Co. Ltd.
RISI Announces 2012 PPI Awards
RISI announces winners for 2012 PPI Awards including DS Smith, Mondi, Tamil Nadu, Finch Paper: RISI, the leading information provider for the global forest products industry, announced the winners of this year's PPI Awards during a gala dinner tonight, November 12, at Le Plaza Hotel in Brussels.
2012 WWF Environmental Paper Awards
The 2012 WWF Environmental Paper Awards go to 7 paper producers and 46 paper brands: WWF, the world´s largest conservation organisation, is today announcing the winners of the 2012 WWF Environmental Paper Awards in the categories “Transparency” and “Best Environmental Performance Paper Brands”. WWF praises the transparency of 7 paper producers and the “excellent” environmental performance of 46 paper brands published on WWF´s Check Your Paper database of eco-rated papers.
Scholastic Donates 1MM Books to Sandy Victims
With more than 20 schools in New York City unable to reopen and dozens
of schools in New Jersey still closed in the wake of Hurricane Sandy,
Scholastic, the global children's publishing, education and media company,
today announced that it will donate one million books to schools and libraries
in the hardest-hit areas of the tri-state region. To help in the recovery
efforts with support for the educators, families and students who have suffered
losses, Scholastic is accepting book grant requests at www.scholastic.com/bookgrants.
Former Williams-Sonoma Exec Joins Best Buy
j2 Global Buys Ziff Davis Media
Eying Ad Network Capabilities, j2 Global Buys Ziff Davis Media: Cloud services provider j2 Global has acquired long-standing tech media publisher Ziff Davis Media (ZDM), the companies announced Monday. The purchase is for $167 million and is expected to be immediately accretive, according to the release. The transaction will be funded from j2's cash on hand.
Holiday Shoppers to Use Varied Sources
Holiday Shoppers to Rely On Blend of Sources This Season: Consumers are expected to rely on a blend of offline and digital information sources as they look for holiday gift ideas and sales this year. Two-thirds (67%) of consumers surveyed expect to find out about sales, research gift ideas and read reviews this holiday season through online, social media and mobile, while 60% say they will rely on radio, television and newspapers for this information. Nearly as many (57%) expect to learn about products this holiday season via recommendations from friends and family while 34% point to catalogs as their source of planning this holiday season.
How Dead Is the Book Business?
OPA Study: Marketers Prefer Publishers
The OPA collaborated with industry research firm Advertiser Perceptions to conduct the study, which surveyed 251 marketers and advertising agencies online Aug. 7-15. Participants were required to be involved in video and display advertisement decision-making, have a $1 million minimum digital ad spend over the past 12 months and be involved in brand-focused advertising.
I Believe in PRINT Magazines
I believe in magazines.
In fact, I will go so far as to
say, I believe in PRINT magazines.
So much so, that in the
past two weeks I have launched a new one, and bought another.
It’s quite simple, really –
both were well considered, well researched, business decisions.
In launching Technology
Decisions into the print wasteland of IT media, we are definitely swimming
upstream. However, recent research across our tech, engineering and
science audiences showed us that print magazines are still a preferred
delivery platform for their business-to-business information (over 50%).
PRIMIR Releases Study on Non-Print Revenue
PRIMIR Releases Study on Non-Print Revenue in the Printing Industry: PRIMIR, the Print Industries Market Information and Research Organization, commissioned State Street Consultants and John Zarwan Partners, to research non-print revenue trends for printers. After interviewing a significant sample of commercial printers, digital imaging service firms, transactional printers, direct mail and specialty printers, researchers delivered a comprehensive study that identifies current trends and projects future opportunities for printers to grow their business through key non-print services.
Quebecor Reports Q3, Sun Media Cuts 500 jobs
Quebecor profit falls 29%, Sun Media to cut 500 jobs:
Quebecor Inc. says it expects annual savings of $45 million from taking a new operational and management approach at its newspaper publishing arm, which includes the Sun Media group of newspapers.
Quebecor Inc. says it expects annual savings of $45 million from taking a new operational and management approach at its newspaper publishing arm, which includes the Sun Media group of newspapers.
Kodak Said to Arrange Financing
Kodak Said to Arrange Financing for Bankruptcy Emergence: Eastman Kodak Co., the bankrupt photography pioneer, arranged $793 million in financing from some creditors to exit bankruptcy as a commercial-printing company, said a person familiar with the negotiations. Funding is conditional on selling its its patent portfolio for at least $500 million, progress in the sale of two business units and the resolution of the U.K. pension obligations.
PIA Elects 2013 Officers, Board
Printing Industries of America Elects Its 2013 Officers and Board of Directors: PITTSBURGH—Nov. 12, 2012—Printing Industries of America is pleased to announce the election of its 2013 officers and board of directors. These executives are key industry leaders, and their involvement in the national printing association and their local affiliate organizations is invaluable.
Monday, November 12, 2012
Details Nova Scotia/Port Hawkesbury Agreement
Nova Scotia releases details of its Crown land agreement with Port Hawkesbury Paper:
The province of Nova Scotia has released a redacted version of its Crown Land agreement with Port Hawkesbury Paper today.
The province of Nova Scotia has released a redacted version of its Crown Land agreement with Port Hawkesbury Paper today.
40,500 mt NBSK Removed from Market
Domtar shuttered its Kamloops
market northern bleached softwood kraft (NBSK) pulp mill in British Columbia
and Mercer International idled its Stendal NBSK mill in Germany for annual
maintenance work in October, according to industry sources and the firms.
Domtar shut down its 477,000
tonnes/yr NBSK mill in British Columbia from October 15-25 for annual maintenance
work. The mill, which reportedly did upgrades and general repairs during
the downtime, shed an estimated 13,000 tonnes of market NBSK output.
Mercer meantime took the largest
market NBSK mill in its system - the 645,000 tonnes/yr Stendal facility - down
for 10 days of annual maintenance downtime in October. The scheduled downtime
trimmed an estimated 17,500 tonnes of market NBSK output.
Catalyst Extends Deadline for Elk Falls Sale
Catalyst Paper extends deadline to close sale of Elk Falls site to Pacifica Deep Sea Terminals Inc.: Catalyst Paper announced that it has received partial pre-payment of the $8.6 million purchase price for the Elk Falls site in Campbell River from Pacifica Deep Sea Terminals Incorporated. The transaction includes the 400-acre industrial site and adjacent properties.
Catalyst has also agreed to grant the purchaser an extension to complete the sale. Progress continues to be made on all outstanding terms and conditions.
Sale of the property is the final step in a comprehensive site preparation and sales process which began following the permanent closure of the paper mill in 2010.
Catalyst has also agreed to grant the purchaser an extension to complete the sale. Progress continues to be made on all outstanding terms and conditions.
Sale of the property is the final step in a comprehensive site preparation and sales process which began following the permanent closure of the paper mill in 2010.
UPM Building World's First Renewable Diesel Biorefinery
"The EUR 150 million
investment to Lappeenranta is UPM's spearhead project and the first step on our
way to becoming a significant producer of advanced second generation biofuels.
The Biorefinery is also a focal part in the realisation of our Biofore strategy,
combining the bio and forest industries," says UPM President and CEO Jussi
Pesonen.
AF&PA Better Practices, Better Planet Awards
Leaders
in Sustainability - Energy Efficiency/Greenhouse Gas Reduction (Large Company)
Georgia-Pacific: "Improving
Energy Efficiency"
International Paper:
"Climate Leadership Initiative"
Leaders
in Sustainability - Energy Efficiency/Greenhouse Gas Reduction (Small Company)
Thilmany Papers: "Energy
and Water Restructuring Program"
Leaders
in Sustainability - Safety
International Paper: "It's
about...LIFE"
Leaders
in Sustainability - Water
MWV: "Mahrt Mill Water and
Energy Reduction Project"
Innovation
in Sustainability
Green Bay Packaging: "Fiber
Reclaim Project"
RRD Awarded Contract by Scotiabank
RR Donnelley Awarded Multiyear Print Management Contract by Scotiabank: CHICAGO—Nov. 12, 2012—R. R. Donnelley & Sons has been awarded a multiyear print management agreement by Scotiabank that renews and expands the companies’ relationship. Scotiabank is a leading multinational financial services provider and Canada's most international bank.
Ikea Unveils Catalog
The 31-page catalog, known as Celebrate Brilliantly, is being introduced in time for Thanksgiving and the Christmas shopping season.
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