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
-->
Thursday, April 25, 2013
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.
Subscribe to:
Posts (Atom)