Total
Kraft paper shipments were 132.6 thousand tons, an increase of 11.6 percent
compared to the prior month. Bleached Kraft paper shipments decreased
year-over-year 1.3 percent, and the 7.2 percent year-over-year decline in
unbleached Kraft paper shipments were enough to bring overall Kraft paper
shipments down 6.5 percent year-over-year. Total month-end inventory increased
0.4 percent to 71.6 thousand tons this month compared to February 2013
month-end inventories.
Friday, April 26, 2013
AF&PA Reports March Kraft, Boxboard Ships
Germany: Another Mill Raises Coated Price
Antalis
has set its sights on higher prices in Germany. The trader announced last week
that it intends to raise prices for coated woodfree (CWF) sheets by 5% from May
6. Prices for all other grades are supposed to rise by 3% from the same date.
Antalis
ascribed the move to rising energy and fuel prices as well as logistics and
transport costs, which are impacting the price structure in the wholesale
market.
Cabela's Reports Strong Q1, Plans New Store
For the quarter, total revenue increased 28.7% to $802.5 million; Retail store revenue increased 41.0% to $486.7 million; Direct revenue increased 18.4% to $225.2 million; and Financial Services revenue increased 2.8% to $85.8 million. For the quarter, comparable store sales increased 24.0%. For the quarter, net income increased 72.9% to $49.8 million compared to $28.8 million in the year ago quarter, and earnings per diluted share were $0.70 compared to $0.40 in the year ago quarter.
Cabela’s Incorporated (NYSE:CAB), the World’s Foremost Outfitter® of
hunting, fishing and outdoor gear, announced today plans to bring the
extraordinary Cabela’s retail experience to customers in the north Edmonton,
Alberta, Canada, area.
MediaPost Mag Bag
Wired Celebrates 20th Birthday With Anthology
Wired is celebrating its 20th birthday with a new digital anthology, Wired@20, which plumbs the magazine’s archives for the best stories from its first two decades.
Glassman To Smithsonian Media, Associate Publisher, Marketing
Smithsonian Media has promoted Judy Glassman to associate publisher for marketing. Her previous role was director of marketing for the company. In her new role, she will be responsible for developing multiplatform marketing opportunities among Smithsonian Media Group assets, including the flagship magazine, Air & Space, goSmithsonian, the Smithsonian Channel and Smithsonian.com.
And more...
Wired is celebrating its 20th birthday with a new digital anthology, Wired@20, which plumbs the magazine’s archives for the best stories from its first two decades.
Glassman To Smithsonian Media, Associate Publisher, Marketing
Smithsonian Media has promoted Judy Glassman to associate publisher for marketing. Her previous role was director of marketing for the company. In her new role, she will be responsible for developing multiplatform marketing opportunities among Smithsonian Media Group assets, including the flagship magazine, Air & Space, goSmithsonian, the Smithsonian Channel and Smithsonian.com.
What's Next for Magazines?
The book is published by the Innovation International Media Consulting Group for FIPP, the worldwide magazine media association.
The 130-page book offers a wealth of information on how magazines continue to morph into shapes, views and sounds beyond imagination.
Not only are magazine developers leaving no proverbial page unturned, they're also leaving no sense untouched in their quest for the ultimate experience.
An introduction to a chapter on magazines' prospects says it all: "While paper is eternal, technologists and visionaries are re-imagining the magazine following the old adage that the best way to envision the future is to prototype it."
Meredith Posts Strong Q3
Meredith
Corporation, the leading media and marketing company serving American women,
today reported fiscal 2013 third quarter earnings per share of $0.65, compared
to $0.47 in the prior-year period. Excluding special items in both
periods, fiscal 2013 third quarter earnings per share grew 9 percent to $0.72,
compared to $0.66 in the prior-year period. Total Company revenues rose 7
percent to $370 million.
Valassis Profit Down in Q1
Valassis Profit Down in Q1, Cuts 2013 Guidance: LIVONIA, Mich. - Valassis today announced financial results for the first quarter ended March 31, 2013. First-quarter 2013 revenues were $482.5 million, a decrease of 7.0% from $518.6 million in the prior year quarter. This decrease was due primarily to an anticipated decline in revenues in the Neighborhood Targeted segment resulting from the change in certain client contracts to a fee-based media placement model.
Deluxe Reports Q1 Results
Deluxe Profit in Q1 Tops Esimates:
Revenue for the quarter was $387.6 million compared to $378.0 million during the first quarter of 2012. Revenue increased 2.5% compared to 2012, despite two fewer business days in 2013, driven by 8.1% growth in Small Business Services. Marketing solutions and other services revenue increased 22.2% compared to 2012 and represented 19.2% of consolidated revenue, up from 16.1% in the first quarter of 2012.
Revenue for the quarter was $387.6 million compared to $378.0 million during the first quarter of 2012. Revenue increased 2.5% compared to 2012, despite two fewer business days in 2013, driven by 8.1% growth in Small Business Services. Marketing solutions and other services revenue increased 22.2% compared to 2012 and represented 19.2% of consolidated revenue, up from 16.1% in the first quarter of 2012.
Standard Register Reports Q1 Results
Standard Register Continues Upward Performance Trend in Q1: DAYTON, Ohio - Standard Register today announced its financial results for the first quarter of 2013. The Company reported revenue of $141.6 million and a net loss of $2.0 million or $0.7 per share. The results compare to first quarter 2012 revenue of $157.6 million and a net loss of $5.1 million or $0.18 per share.
CEO Confidence Continues to Improve
CEO Confidence Continues to Improve: The Conference Board Measure of CEO Confidence™, which had increased in the fourth quarter of 2012, improved again in the first quarter of 2013. The Measure now reads 54, up from 46 in the previous quarter (a reading of more than 50 points reflects more positive than negative responses).
Senator Vows Postal Reform Act by July 4
Senator Carper Vows Postal Reform Act by July 4: Sen. Tom Carper (D-Del.), chairman of the Senate subcommittee that oversees the United States Postal Service, told a group of postal officials and business leaders yesterday at the Postal Vision 2020 conference that he expected to have a new reform bill passed by both Houses of Congress and sitting on President Obama's desk before Congress's July 4 recession.
NY Times Co. Plans Strategy, Reports Q1
NY Times Co. unveils growth strategies: New York—On the heels of reporting first-quarter results, the New York Times Co. announced a series of strategic initiatives to spur revenue growth that will begin to be rolled out in the fourth quarter.
The New York Times Planning Lower-Priced Digital Subs
The New York Times Planning Lower-Priced Digital Subs
In this morning's first quarter earnings call, which had revenues down 2 percent, The New York Times Co. announced plans for a number of new initiatives at the flagship paper, including a lower-priced subscription model, international expansion, and increased focus on digital video, all expected to roll out in the last quarter of 2013 through 2014.
http://www.mediapost.com/publications/article/198963/nytco-circ-revenues-up-ad-revenues-down.html#axzz2RVYzoCAGThe New York Times Co. reported that circulation revenues rose in the first
quarter, reflecting the continuing success of its digital subscription strategy
-- but this growth was more than offset by a steep decline in print advertising
revenues and a more modest decrease in digital ad revenues.
NYTCO's total circulation revenues rose 6.5% from $227 million in the first
quarter of 2012 to $242 million in the first quarter of 2013, thanks to a 45%
jump in the number of the company’s digital subscribers, which numbered 708,000
at the end of the recent quarter, compared to around 490,000 a year before.
Thursday, April 25, 2013
Irving Announces SC Price Increase
http://www.jdirving.com/
Irving Paper has announced a price increase of $50 per short ton for Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++), effective with all new and existing orders shipping on and after July 1, 2013. This increase affects all basis weights.
Irving Paper has announced a price increase of $50 per short ton for Irving SCA, Irving SCB, Irving Radiance (SCA+) and Irving Opulence (SCA++), effective with all new and existing orders shipping on and after July 1, 2013. This increase affects all basis weights.
UPM Reports Q1 Results
EBITDA was EUR 284 million, 11.5% of sales (357 million, 13.7% of sales). The decrease in EBITDA was mainly attributable to the Paper business area, as a result of lower average paper prices and lower delivery volumes.
Fixed costs decreased by EUR 30 million from the comparison period. Also, variable costs were slightly lower than last year.
Operating profit excluding special items was EUR 144 million, 5.8% of sales (156 million, 6.0%).
UPM Closes Rauma SC PM
UPM
has permanently closed the 245,000 tonne/yr supercalendered (SC) paper unit PM
3 at its Rauma mill in southwestern Finland. The firm stopped production on the
machine at noon on April 19, according to UPM Rauma general manager Kari
Pasanen.
Two
weeks ago, UPM announced that it would stop PM 3 as well as the 175,000
tonne/yr SC unit PM 4 at its Ettringen mill in Germany, by the end of April
instead of by the end of June, as originally announced in January.
The
closure at the Rauma mill will lead to 87 jobs being cut. After the shutdown,
the mill will still house three machines with a combined capacity of some 280,000
tonnes/yr of SC paper and 710,000 tonnes/yr of lightweight coated (LWC) paper.
Norske Skog Reports Q1 Results
http://www.norskeskog.com/Default.aspx
First quarter of 2013: Gross operating earnings NOK 174 million (NOK 332 million in the fourth quarter of 2012). Decline due to lower prices, seasonality and active capacity management.
Negative cash flow from operating activities of NOK 106 million reflecting restructuring payments and seasonally increased working capita.
Net interest-bearing debt increased by NOK 461 million to NOK 6 482 million in the quarter reflecting adverse currency effects and negative cash flow.
First quarter of 2013: Gross operating earnings NOK 174 million (NOK 332 million in the fourth quarter of 2012). Decline due to lower prices, seasonality and active capacity management.
Negative cash flow from operating activities of NOK 106 million reflecting restructuring payments and seasonally increased working capita.
Net interest-bearing debt increased by NOK 461 million to NOK 6 482 million in the quarter reflecting adverse currency effects and negative cash flow.
AF&PA Reports March P&W Paper Ships
http://www.afandpa.org/
The American Forest & Paper Association has released its March 2013 Printing-Writing Paper Report.
According to the report, total printing-writing paper shipments were down 6% compared to March 2012.
Additional key findings:
Coated mechanical (CM) shipments in March decreased 9 percent compared to March 2012 to 247,800 tons. Imports of coated mechanical increased year-over-year through February, up 12 percent.
March shipments of coated free sheet (CFS) papers decreased less than 1 percent compared to March 2012, with year-to-date CFS shipments essentially flat through the first quarter.
Uncoated free sheet (UFS) papers shipments of 753,000 tons in March were 6 percent below the same period last year, with imports increasing 12 percent year-over-year in February and exports declining 12 percent.
March uncoated mechanical (UM) paper shipments decreased 13 percent when compared to March 2012, with year-over-year exports through February up 28 percent.
The American Forest & Paper Association has released its March 2013 Printing-Writing Paper Report.
According to the report, total printing-writing paper shipments were down 6% compared to March 2012.
Additional key findings:
Coated mechanical (CM) shipments in March decreased 9 percent compared to March 2012 to 247,800 tons. Imports of coated mechanical increased year-over-year through February, up 12 percent.
March shipments of coated free sheet (CFS) papers decreased less than 1 percent compared to March 2012, with year-to-date CFS shipments essentially flat through the first quarter.
Uncoated free sheet (UFS) papers shipments of 753,000 tons in March were 6 percent below the same period last year, with imports increasing 12 percent year-over-year in February and exports declining 12 percent.
March uncoated mechanical (UM) paper shipments decreased 13 percent when compared to March 2012, with year-over-year exports through February up 28 percent.
Domtar Reports Q1 Results
Domtar
Corporation today reported net earnings of $45 million ($1.29 per share) for
the first quarter of 2013 compared to net earnings of $19 million ($0.54 per
share) for the fourth quarter of 2012 and net earnings of $28 million ($0.76
per share) for the first quarter of 2012. Sales for the first quarter of 2013
amounted to $1,345 million.
Excluding
items listed below, the Company had earnings before items1 of $33
million ($0.95 per share) for the first quarter of 2013 compared to earnings
before items1 of $46 million ($1.31 per share) for the fourth
quarter of 2012 and earnings before items1 of $61 million ($1.65 per
share) for the first quarter of 2012.
Sappi NA Completes Planned Capital Investments
Sappi
Fine Paper North America today announced the most recent completion of a series
of coated paper capital investment projects during its 2013 fiscal year, a
significant move by the company to maintain and strengthen its leadership
position and take advantage of growth opportunities in the coated paper market...
The Cloquet Mill in Cloquet, Minnesota, has completed a $19M investment in its coated papermaking operations which includes a dry fiber handling system as well as new refiners and former upgrade on PM4. The former rebuild implemented on PM4 allows for all grades and weights to be manufactured with the technical capability of using dry fiber to produce the same base sheet formation and quality as slush fiber...
At Sappi's Somerset Mill, in Skowhegan, Maine the rebuild of PM3 was completed successfully in October 2012. The $13M investment to upgrade coated paper manufacturing surpassed speed, production, and variable cost goals while achieving all of the formation and quality improvements outlined in the project plan. The implemented improvements on PM3 now allow for the production of a broader range of products on this machine.
The Cloquet Mill in Cloquet, Minnesota, has completed a $19M investment in its coated papermaking operations which includes a dry fiber handling system as well as new refiners and former upgrade on PM4. The former rebuild implemented on PM4 allows for all grades and weights to be manufactured with the technical capability of using dry fiber to produce the same base sheet formation and quality as slush fiber...
At Sappi's Somerset Mill, in Skowhegan, Maine the rebuild of PM3 was completed successfully in October 2012. The $13M investment to upgrade coated paper manufacturing surpassed speed, production, and variable cost goals while achieving all of the formation and quality improvements outlined in the project plan. The implemented improvements on PM3 now allow for the production of a broader range of products on this machine.
Global Inks Market to $18.2 Billion by 2017
GIA announces the release of a comprehensive
global report on Printing Inks market. The global market for Printing Inks is
projected to reach US$18.2 billion by the year 2017, driven by the mounting
popularity of environment friendly inks, and incessant technology innovations
that are opening up newer growth avenues including relatively new markets such
as UV and ink jet inks. Radiation curing inks and energy-curable ink technology
also offer numerous opportunities, thereby pepping up industry growth
prospects.
Catalyst Announces Acceptance of Senior Secured Notes
Catalyst
Paper announced today that holders of approximately US$15.6 million of its
Floating Rate Senior Secured Notes due 2016 accepted the offer made by Catalyst
on March 26, 2013 to purchase up to approximately US$20 million of its Floating
Rate Notes. The offer expired 5:00 PM, New York City time on April 24, 2013.
R.R. Donnelley Reports Q1 Results
R.R. Donnelley & Sons Company (RRD) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS:
R.R. Donnelley & Sons Company announced its earnings results on Thursday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04, StocKRatingsNetwork.com reports.
Highlights:
First-quarter 2013 net sales of $2.5 billion grew 0.5% from the first quarter of 2012
U.S. Print and Related Services segment net sales declined 0.5%
International segment net sales grew 3.5%
Organic net sales decline of 1.2% reflects improvement in trend from the previous five quarters -->
R.R. Donnelley & Sons Company announced its earnings results on Thursday. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04, StocKRatingsNetwork.com reports.
Highlights:
First-quarter 2013 net sales of $2.5 billion grew 0.5% from the first quarter of 2012
U.S. Print and Related Services segment net sales declined 0.5%
International segment net sales grew 3.5%
Organic net sales decline of 1.2% reflects improvement in trend from the previous five quarters -->
RRD to Withdraw Chicago Stock Exchange Listing
RR Donnelley to Withdraw Chicago Stock Exchange Listing, Retains NASDAQ Listing: CHICAGO - R.R. Donnelley & Sons Company today announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. RR Donnelley's common stock will continue to be listed on the NASDAQ Global Select Market.
RR Donnelley has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings.
RR Donnelley has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings.
The Pay-Offs of Personalization
The Pay-Offs of Personalization: A 2012 InfoTrends study of the marketing communication needs (printing, variable data, marketing, etc.) of various businesses finds that marketing efforts featuring a higher level of personalization complexity results in a higher return on investment.
The survey of over 1,000 large businesses, across 10 different vertical industries, found that more than 60% of respondents' campaigns were personalized or segmented.
Response rates and conversion rates from the various personalized marketing campaigns:
The survey of over 1,000 large businesses, across 10 different vertical industries, found that more than 60% of respondents' campaigns were personalized or segmented.
Response rates and conversion rates from the various personalized marketing campaigns:
| Campaign | Response Rate | Conversion Rate |
| Print Only | 6.0% | 16.2% |
| Print and Email | 7.6% | 18.3% |
| Print and PURLs | 7.6% | 15.3% |
| Print, Email and PURLs | 8.2% | 16.5% |
| Print, Email, PURLs and Mobile | 8.7% | 19.0% |
SpinMedia Buys Vibe
SpinMedia Buys Vibe:
SpinMedia, a network of music and pop culture sites, has purchased Vibe magazine and reports are indicating that the brand will get the digital-only treatment Spin magazine received shortly after SpinMedia, then called BuzzMedia, bought it in mid-2012. According to The New York Times, SpinMedia has acquired the rights to the print magazine,Vibe.com and Vibevixen.com.
SpinMedia, a network of music and pop culture sites, has purchased Vibe magazine and reports are indicating that the brand will get the digital-only treatment Spin magazine received shortly after SpinMedia, then called BuzzMedia, bought it in mid-2012. According to The New York Times, SpinMedia has acquired the rights to the print magazine,Vibe.com and Vibevixen.com.
2012 Global Ad Spending Up
Global ad spending improved moderately in 2012
with telecommunications, consumer goods and entertainment categories, growing
by mid-to-high single-digit gains.
Nielsen says telecommunications advertising category climbed 7% last year -- and especially in Latin America (up 35.6%) and the Middle East/Africa (13.2% higher).
Nielsen says telecommunications advertising category climbed 7% last year -- and especially in Latin America (up 35.6%) and the Middle East/Africa (13.2% higher).
2012 Internet Ad Revenues Up 15%
Report: Internet Ad Revenues Jump 15 Percent to $37B in 2012: Despite previously held reservations, the Internet ad market is teeming with profitability—revenues grew for the third consecutive year in a row, reaching $36.6 billion for the full year of 2012, according to the IAB Internet Advertising Revenue Report released this month.
Online Sales Tax Bill Passes in Senate
Online Sales Tax Bill On The E-Commerce Industry Passes The U.S. Senate:
The online sales tax bill, also known as the Marketplace Fairness Act advances to the U.S. senate by a 74-20 vote. Depending if you're an online buyer or internet seller, this bill if enacted into law, is definitely going to affect both the Web consumers and online retailers alike.
But what exactly is the Marketplace Fairness Act or S743? Simply stated, this bill would require online retailers to collect state and local sales taxes from all U.S. customers. In the current system, retail sites only collect sales taxes from customers in states where their companies operate. The bill will compel companies having annual online sales of more than $1 million to collect sales tax on those purchases.
The online sales tax bill, also known as the Marketplace Fairness Act advances to the U.S. senate by a 74-20 vote. Depending if you're an online buyer or internet seller, this bill if enacted into law, is definitely going to affect both the Web consumers and online retailers alike.
But what exactly is the Marketplace Fairness Act or S743? Simply stated, this bill would require online retailers to collect state and local sales taxes from all U.S. customers. In the current system, retail sites only collect sales taxes from customers in states where their companies operate. The bill will compel companies having annual online sales of more than $1 million to collect sales tax on those purchases.
Advice for Time Inc
No Time to Waste:
As we all wait for the white smoke to appear above the Time Warner Center, it appears that many are fixated on gaming the odds of one CEO candidate or another. Mr. Bewkes has already announced (after talks broke down with Meredith) that he wants to “spin out” the magazine assets into a separate company. Recent reports coming from Sixth Avenue indicate that the HR folks are doing all they can to retain their best employees during this period of uncertainty. Not sure how much Laura Lang (outgoing CEO) can and/or will do in the remaining months of her tenure. The departure of chief revenue officer Paul Caine (Time Inc.’s top sales producer) can’t be doing great things for customer relationships either.
As we all wait for the white smoke to appear above the Time Warner Center, it appears that many are fixated on gaming the odds of one CEO candidate or another. Mr. Bewkes has already announced (after talks broke down with Meredith) that he wants to “spin out” the magazine assets into a separate company. Recent reports coming from Sixth Avenue indicate that the HR folks are doing all they can to retain their best employees during this period of uncertainty. Not sure how much Laura Lang (outgoing CEO) can and/or will do in the remaining months of her tenure. The departure of chief revenue officer Paul Caine (Time Inc.’s top sales producer) can’t be doing great things for customer relationships either.
UBM Reports Q1 Results
UBM Revenues Down 8 Percent in Q1:
Led by a poor quarter in events, UBM saw revenues decrease 7.9 percent year-over-year in the first three months of 2013.
Total revenues were down to $297.5 million, from $323.2 million in 2012, the company announced in its quarterly earnings report, while adjusted operating margins fell 23.9 percent to $53.5 million.
Led by a poor quarter in events, UBM saw revenues decrease 7.9 percent year-over-year in the first three months of 2013.
Total revenues were down to $297.5 million, from $323.2 million in 2012, the company announced in its quarterly earnings report, while adjusted operating margins fell 23.9 percent to $53.5 million.
DMA Speaks Out Against Tax Bill
DMA Discourages Senators from Passing the Marketplace Fairness Act: he Direct Marketing Association (DMA) wrote a letter to the U.S. Senate discouraging its members from passing the current draft of the Marketplace Fairness Act (S.743)—a bill that would give states the power to require remote sellers, including e-commerce sites and catalogers, to collect sales tax. The Senate agreed to move the bill to the floor for debate in a 74 to 20 procedural vote that occurred Monday evening.
In the letter, the DMA claims that the Marketplace Fairness Act “has not received a full vetting and markup in a Senate committee” and asks that the Senate not pass the bill until outlined simplification requirements are met.
In the letter, the DMA claims that the Marketplace Fairness Act “has not received a full vetting and markup in a Senate committee” and asks that the Senate not pass the bill until outlined simplification requirements are met.
Wednesday, April 24, 2013
Resolute Launches Senior Notes, Tender Offer
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that it has launched a private offering for $600 million aggregate
principal amount of senior notes due 2023. The notes will be unsecured
and guaranteed by substantially all of Resolute's U.S. subsidiaries. The
net proceeds from the sale of the 2023 notes will be used in connection
with the repurchase, repayment or other discharge of all, or
substantially all, of the $501.2 million outstanding
aggregate principal amount of the Company's 10.25% senior secured notes
due 2018. The Company has contemporaneously launched a tender offer for
the 2018 notes, which offer is scheduled to expire at 12:00 midnight, New York City time, on May 21, 2013, unless extended by the Company.
Resolute Launches Tender Offer and Consent Solicitation for its 10.25% Senior Secured Notes
Resolute Launches Tender Offer and Consent Solicitation for its 10.25% Senior Secured Notes
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today
announced that it has launched a cash tender offer for any and all of
its $501 million outstanding
aggregate principal amount of 10.25% senior secured notes due 2018
(CUSIP No. 003687AB6) (the "2018 notes"). In connection with the tender
offer, Resolute is soliciting consents to amend the 2018 notes and the
indenture that governs them to eliminate substantially all the
restrictive covenants and certain events of default, and to release all
the collateral securing the 2018 notes. The tender offer and consent
solicitation are being made pursuant to an offer to purchase and consent
solicitation statement, dated April 24, 2013 (the "offer to purchase"), which more fully sets out the terms and conditions of the tender offer and consent solicitation.
Georgia-Pacific to Buy Buckeye Technologies
Georgia-Pacific to buy Buckeye Technologies:
Georgia-Pacific is buying Buckeye Technologies Inc., boosting its product lineup, for about $1.46 billion.
The privately held Atlanta-based paper, packaging and building products company says it reached a deal to buy all of Buckeye's common stock for $37.50 per share. The price represents a 25 percent premium over Buckeye's Tuesday closing stock price. Its shares are trading at that price as the markets open.
Memphis, Tenn.-based Buckeye makes and markets specialty fibers and nonwoven materials made from wood and cotton.
Georgia-Pacific is buying Buckeye Technologies Inc., boosting its product lineup, for about $1.46 billion.
The privately held Atlanta-based paper, packaging and building products company says it reached a deal to buy all of Buckeye's common stock for $37.50 per share. The price represents a 25 percent premium over Buckeye's Tuesday closing stock price. Its shares are trading at that price as the markets open.
Memphis, Tenn.-based Buckeye makes and markets specialty fibers and nonwoven materials made from wood and cotton.
Investment in Renewables Forecast to Triple
The plunge
in the cost of wind and solar power that bankrupted more than two dozen
manufacturers is forecast to spur a tripling of investment in renewables by
2030 and to reduce the grip fossil fuels have on world energy supply.
Annual
spending on clean-energy projects that don’t add to greenhouse-gas pollution
may rise to $630 billion at the end of the next decade from $190 billion last
year, Bloomberg New Energy Finance said in a report today. That’s 37 percent
more than estimated in November 2011 and means renewables would account for
half of all generation capacity by 2030.
Recognizing Economic Value of Natural Assets
http://www.worldbank.org/en/news/press-release/2013/04/18/call-to-action-on-recognizing-the-true-value-of-nature
More and more countries are putting natural assets like clean water, forests
and other ecosystems into the center of their economic decision-making, a
High-level Ministerial Dialogue on Natural Capital Accounting, on the eve of
the World Bank-IMF Spring Meetings, heard today.
Over 25 ministers and vice-ministers of finance, development and environment attended the Dialogue – which convened the `first-movers’ of Natural Capital Accounting (NCA). This is a group of more than 60 countries committed to supporting NCA to move beyond GDP as the main measure of an economy’s progress.
Over 25 ministers and vice-ministers of finance, development and environment attended the Dialogue – which convened the `first-movers’ of Natural Capital Accounting (NCA). This is a group of more than 60 countries committed to supporting NCA to move beyond GDP as the main measure of an economy’s progress.
The Atlantic to Launch a Paid Online Product
The
Atlantic Monthly Group will release some form of paid content product online in
the coming weeks President Justin Smith said at a conference in New York last
week. On a panel of publishers that included News Corp. and MLB, Smith said
that the plan was to explore every kind of business model and monetization
method for digital.
“To
see the ad model is going to win over the pay model is foolish,” he said.
Adding to the chorus of support for paid content online was President and CEO
of MLB Advanced Media Bob Bowman who said, any publication out there should
have a paid content product."
Interestingly, the Atlantic has proven to be among the most successful of magazines to make the transition to digital. It’s digital revenue was up 33% in 2012 and a substantial part of the company’s third year of profitability.
Interestingly, the Atlantic has proven to be among the most successful of magazines to make the transition to digital. It’s digital revenue was up 33% in 2012 and a substantial part of the company’s third year of profitability.
Niche Publications Surviving
Even as print media churns through phases of collapse, revolution and
rejuvenation, niche publications seem to pop up constantly. With tiny
operations, they serve readers mad for things like home-brewed kale juice and
exploring perspectives on contemporary art.
But this is all old hat for the Hudson Review,
which has been blossoming with quarterly pages of poetry, fiction and criticism
since 1948.
Bauer Suspends More Magazine
Bauer suspends More magazine as circulation drops below 100,000:
The magazine, printed by Polestar Bicester, has been running for 25 years but ran its last issue on Tuesday as its 22 staff entered a consultation period. The publisher will not decide whether to completely close the magazine until the consultation period has ended.
The magazine, printed by Polestar Bicester, has been running for 25 years but ran its last issue on Tuesday as its 22 staff entered a consultation period. The publisher will not decide whether to completely close the magazine until the consultation period has ended.
Folio: People On The Move
People On The Move | 4.24.13:
Timothy O'Brien has joined Bloomberg View as publisher. O'Brien was previously executive editor at The Huffington Post.
Frommer's has named Jason Cochran as its new editor-in-chief. Cochran joins the publication from AOL Travel where he was an executive editor.
Kasia Cieplak-Mayr von Baldegg has been named as an executive producer at The Atlantic. She was previously an associate editor with the company.
The Association of Magazine Media (MPA) has promoted Ethan Grey to senior vice presient of digital strategy and initiatives. Grey was previously vice president of digital at MPA.
And more...
Timothy O'Brien has joined Bloomberg View as publisher. O'Brien was previously executive editor at The Huffington Post.
Frommer's has named Jason Cochran as its new editor-in-chief. Cochran joins the publication from AOL Travel where he was an executive editor.
Kasia Cieplak-Mayr von Baldegg has been named as an executive producer at The Atlantic. She was previously an associate editor with the company.
The Association of Magazine Media (MPA) has promoted Ethan Grey to senior vice presient of digital strategy and initiatives. Grey was previously vice president of digital at MPA.
And more...
USPS Awards FedEx Air Cargo Network Contract
USPS Awards FedEx Air Cargo Network Contract: On April 23, 2013, the United States Postal Service awarded Federal Express Corporation (FedEx) a seven-year Air Cargo Network contract to provide domestic air transportation service for Priority and Express Mail. The current contract with FedEx ends in September 2013, and the new contract will begin in October 2013.
Postal Service Names VP Digital Solutions
The Postal Service Hires a Cop to Bust Down the Digital Door: How many entrenched old enterprises, confronted with their very mortality in the face of encroaching digital domination, would put one of their security chiefs in charge of innovation? That's exactly what the United State Postal Service did in appointing Deputy Chief Postal Inspector Randy Miskanic its new vice president of digital solutions.
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