Watermill Buys Mainistique

http://www.reuters.com/article/2012/04/17/idUS200308+17-Apr-2012+BW20120417Manistique

The Watermill Group received court approval today to acquire Manistique Papers, the only company in North America producing high-value uncoated printing and writing paper exclusively from 100% recycled fiber. The purchase agreement was finalized following an auction and confidential bidding process. Watermill also owns FutureMark, maker of recycled coated mechanical paper.

Catalyst Creditors Meeting in May, Crofton Union Votes

Catalyst Paper reschedules meetings of creditors:

Catalyst Paper has announced that meetings of its secured and unsecured creditors to consider the plan of arrangement under the Companies’ Creditors Arrangement Act have been changed from April 23, 2012 to May 2, 2012. 

http://hqcowichanvalley.com/home/local/news/Local/12/04/13/Crofton-union-votes-to-keep-contract

Separately, union workers at the Crofton Pulp and Paper (uncoated mechanical) mill have cemented in place their new collective agreements in the event Catalyst Paper loses ownership of its B.C. operations.

Resolute/Fibrek Fight Goes On

http://www.fibrek.com/en/media/

Fibrek Inc. reminded shareholders today that the $1.40 per share offer made by Mercer International Inc. ("Mercer") remains in force and Fibrek shareholders continue to have the ability and the right to tender their shares to this superior offer.

Direct Marketing Hiring Steady

Direct marketing hiring outlook stable: After a spike in first-quarter hiring of digital and direct marketers, companies plan to hold firm on staffing this spring. According to Bernhart's latest “Quarterly Digital and Direct Marketing Employment Report,” 50% of companies said they plan to add to staff in the second quarter,

Hearst's House Beautiful & HSN Partners

House Beautiful Introduces Television Partnership With HSN:  Hearst’s House Beautiful is taking to the small screen this year—the publication is launching a partnership with HSN, formerly known as the Home Shopping Network, to raise awareness about the brand and foster commerce and consumer interaction.

Evaluating the Digital Audience

Managing the Digital Audience: Managing a digital audience is truly a mixed bag: on one hand, it is now possible to understand more about who is consuming what content, where and how-maybe even why; on the other hand, it can be incredibly complicated, despite all the advantages, to do so.

Q1 Industrial Production Up 5.4%

http://www.businessweek.com/news/2012-04-17/u-dot-s-dot-march-industrial-production-and-capacity-report-text

Industrial production was unchanged in March for a second month but rose at an annual rate of 5.4% in the first quarter of 2012. Manufacturing output declined 0.2% in March but jumped 10.4% at an annual rate in the first quarter.

March Retail Sales Up

http://www.ibtimes.com/articles/328592/20120416/march-retail-sales-auto-empolyment.htm

Sales at U.S. retailers rose sharply for the third straight month in March, as Americans continued to weather the hike in gasoline prices and splurged on buying new cars and renovating their homes.

Retail sales jumped 0.8% in March, after advancing 1% in February, Commerce Department figures showed Monday.

GAO Reports USPS Excess Capacity

USPS dealing with excess of infrastructure, employees: According to the GAO report, the USPS has 461 processing centers but only needs 238. There are about 8,000 processing machines but with mail capacity for only 5,000; and, out of 154,000 postal employees, there is work for just 119,000, according to the report.

Port Hawk. Union Recommends Buyer's Offer

http://www.capebretonpost.com/News/Local/2012-04-16/article-2955600/Former-NewPage-employees-begin-to-vote-on-companys-offer/1
The union representing 550 NewPage paper mill employees has recommended its membership accept the latest contract offer, as revised on Sunday, by prospective buyer Pacific West Commercial Corp. as they begin to vote on the package today.

UPM Announces Coated Increase

UPM has announced an increase of $40/short ton on all lightweight coated mechanical web products and $30/short ton on all coated freesheet web products. The change is effective with all orders delivered on or after July 1.

73% of News Readers Use Inserts

Three-Quarters of Newspaper Readers Use Printed Circulars: A new study from the NAA shows Internet users rely on local newspaper media, digital as well as print, for news and information. 73% have used newspaper printed circulars in the past 30 days. 61% say that newspapers provide more useful advertising and the majority of respondents prefer print circulars to digital.

2011 FSI Coupons Up 30.7%

FSI Coupon Activity Increased 30.7% in 2011: Kantar Media reports that retailer advertising expenditures increased 1.6% and retailer participation in Free Standing Insert (FSI) coupon promotion pages increased 30.7% in 2011 versus 2010. Additionally, digital coupon events increased 40.4% during this period.

Bonnier's Names Mag+ CEO

Bonnier's Gregg Hano Named Mag+ CEO: This morning, it was announced that Bonnier Corp. senior VP/corporate sales Gregg Hano was elevated to CEO of Mag+, the Bonnier AB-owned tablet technology that was spun off in January 2011 so it can serve other companies and magazines.

Port Hawkesbury Union Considering Offer

Update: Port Hawkesbury workers taking time to consider offer:
At tonight’s meeting of the unionized workers of the former NewPage Port Hawkesbury mill, which manufactured Supercalendered paper, the employees were presented their offer from Pacific West Commercial Corp.
The workers have decided to take some time to consider the offer and will reconvene at a meeting on Saturday afternoon.

Appleton Coated Increases Paper Price

Appleton Coated is the latest company to announce a coated paper increase. The price of coated woodfree paper will go up $1.50/cwt, effective May 1. West Linn, Sappi, Verso and NewPage previously reported raising coated paper prices.

RRD CEO Compensation Falls

http://www.chicagotribune.com/business/breaking/chi-compensation-for-donnelleys-quinlan-slips-12-20120411,0,940951,print.story

Chicago-based R.R. Donnelley & Sons Co. paid its president and chief executive $6.1 million last year, 12 percent less than 2010.

 

Catalyst Fund Reports a 8.1% Share in Quad/Graphics

Catalyst Fund reports a 8.1% stake in Quad/Graphics ([[QUAD]] +1.1%)...:
Catalyst Fund reports a 8.1% stake in Quad/Graphics in a filing with the SEC blasting the company in no uncertain terms.

Average CEO Tenure Down

Average Tenure of CEOs Declined to 8.4 Years: The average tenure of a CEO declined to 8.4 years in 2011 from approximately 10 years in 2000, according to the 2012 edition of CEO Succession Practices, a new report by The Conference Board, the global business research and membership organization.

Two Sides Survey on Print

Two Sides reaches out with buyer survey: Two Sides and Print Power are encouraging every company in the industry to forward a survey on print use to all their contacts in a bid to reinforce the positive message about print media.