Appvion, Inc. Announces Amendments To Tender Offer And Consent...:
Concurrently, the Company announced the termination of its previously announced tender offer to purchase any and all of its outstanding 9.75% Senior Subordinated Notes due 2014 and 11.25% Second Lien Notes due 2015 and consent solicitation to effect certain proposed amendments to the indenture governing the Second Lien Notes .
Tuesday, June 25, 2013
Arctic Paper’s CEO Resigns
Arctic Paper’s CEO resigns
Michał Jarczyński, CEO of Arctic Paper S.A., has submitted his resignation, effective on 15th July 2013 of this year. Meanwhile, the Supervisory Board has entrusted the function of acting CEO of Arctic Paper to Mr Wolfgang Lübbert the current Member of Management Board and Sales & Marketing Director.
Michał Jarczyński, CEO of Arctic Paper S.A., has submitted his resignation, effective on 15th July 2013 of this year. Meanwhile, the Supervisory Board has entrusted the function of acting CEO of Arctic Paper to Mr Wolfgang Lübbert the current Member of Management Board and Sales & Marketing Director.
BlackRock’s Share of UPM Over 5%
UPM-Kymmene Corporation (Business ID
1041090-0) has on 10 April 2013 received an announcement under Chapter 9,
Section 5 of the Securities Markets Act, according to which BlackRock Inc.’s
indirect holding in UPM has gone above the threshold of 5 per cent on 9 April
2013.
According to the announcement, the indirect
holding of BlackRock Inc. (USA Tax ID 32-0174421, SEC CIK Code#: 0001364742) in
UPM has increased from 26,245,672 shares to 26,438,944 shares, corresponding to
5.006 per cent of UPM's shares and voting rights.
Layoffs Hit BSA’s Boy’s Life, Scouting
Layoffs Hit BSA’s Boy’s Life, Scouting:
The Boy Scouts of America are cutting more than 30 positions from the staff of its two flagship magazines—Boy's Life and Scouting—and its communications department, FOLIO: has learned.
BSA says 17 people were laid off on June 10, with another 17 expected to come by the end of the year. A spokesman would not confirm the positions of those being terminated.
The Boy Scouts of America are cutting more than 30 positions from the staff of its two flagship magazines—Boy's Life and Scouting—and its communications department, FOLIO: has learned.
BSA says 17 people were laid off on June 10, with another 17 expected to come by the end of the year. A spokesman would not confirm the positions of those being terminated.
Bloomberg Businessweek Launches Hong Kong Edition
Bloomberg Businessweek Launches Hong Kong Edition:
Bloomberg Businessweek will soon be launching a new edition in Hong Kong. The magazine, Bloomberg Businessweek/Chinese Edition, will be distributed weekly starting June 26, 2013.
The traditional Chinese-language version of Bloomberg Businessweek was announced along with a new licensing agreement with Modern Media Holdings Limited. This edition will focus on local business and financial content, and will be available across mobile and tablet platforms.
Bloomberg Businessweek will soon be launching a new edition in Hong Kong. The magazine, Bloomberg Businessweek/Chinese Edition, will be distributed weekly starting June 26, 2013.
The traditional Chinese-language version of Bloomberg Businessweek was announced along with a new licensing agreement with Modern Media Holdings Limited. This edition will focus on local business and financial content, and will be available across mobile and tablet platforms.
Ennis Reports Q1 Results
Ennis Q1 Profit Rises: The Company's consolidated net sales for the quarter were $138.5 million compared to $142.5 million for the same quarter last year and $123.6 million for the sequential quarter. Print sales were down 6.8% on a comparable quarter basis, from $87.3 million to $81.4 million, but were up 2.0% on a sequential quarter basis from $79.8 million. Apparel sales increased 3.3% for the comparable quarter, from $55.2 million to $57.0 million, with a 10.6% increase in volume offset by a pricing decline of 7.3%, and increased 29.8% on a sequential quarter basis from $43.9 million.
A Multiplicity of Magazine Covers
HOW many front covers does a magazine have? The logical answer — one — is
outdated.
In an effort to woo readers — and generate additional advertising revenue — magazines are being published with two, three, four or more front covers, typically appearing one after another as if a printing press had run amok.
At first, a magazine with more than one front cover seems like a house with
more than one front door. But there are many reasons for readers and marketers
to embrace the concept, as evidenced by a growing acceptance among industry
stalwarts like Condé Nast, Hearst, Meredith and Time Inc.
In an effort to woo readers — and generate additional advertising revenue — magazines are being published with two, three, four or more front covers, typically appearing one after another as if a printing press had run amok.
Survey: Profile of the New Print Buyer
The role of
print in the marketing mix is changing. This coincides with a diffusion of
responsibility for marketing and marketing decisions. As a result, print buying
is changing. While many organizations still have “print buyers” whose
primary—if not only—responsibility is purchasing print, increasingly it is not
their primary function. In addition, print is purchased by other corporate
professionals, such as marketers, for whom print is a small part of a larger
project. How print is bought is also shifting. Print buyers are purchasing more
print online, through internal corporate portals as well as directly with print
providers.
What is it that these new print buyers want? Are they, in fact, interested in value-added services? And if so, which? What percentage of their time is spent on print-related activity? What other responsibilities do they typically have? How has their corporate print budget changed in the past three years – and what will happen to it during the next three?
What is it that these new print buyers want? Are they, in fact, interested in value-added services? And if so, which? What percentage of their time is spent on print-related activity? What other responsibilities do they typically have? How has their corporate print budget changed in the past three years – and what will happen to it during the next three?
"Old Media" Print Publisher Up 45% YTD?
Due to the popularity of e-mail and tablet computers commercial
printing is in secular decline. Therefore it seemed unusual to the Mad Money
host that R.R. Donnelley & Sons, the largest commercial printer in America,
has rallied 45% year-to-date.
Jim Cramer enjoys few things more than more than a good mystery, so he put on his detective hat and dug through the facts. Here's what he's found.
First and foremost, Cramer learned that print publishing is still a $110
billion industry here in the United States. "While the web is making print
less necessary, Corporate America still generates a massive amount of paper,
and packaging and pamphlets and labels."
Jim Cramer enjoys few things more than more than a good mystery, so he put on his detective hat and dug through the facts. Here's what he's found.
Should You Join The Fight to Defeat Online Tax Bill?
I do not often get invited to meet with politicians about pending
legislation, but next week I will have the rare pleasure of sitting down to discuss the Marketplace Fairness Act. In preparation for the meeting, I
asked Terri Alpert, an active opponent of the bill, to educate me about what is
at stake for small businesses. Alpert is a well-respected CEO in Connecticut
who has built two top-shelf brands (Uno
Alla Volta and Artisan
Table) that do over $14 million in sales, and employ more than fifty people
year-round. If this
bill has her spooked, I need to know why.
She
cited the following changes as the minimum required to make the legislation
palatable for small companies:
Standardized definitions of what is taxable and what is
not across all states.Standardized tax holidays.
One rate per state.
One standardized tax return.
Audits only by the home state.
Newspaper Trends Survey: The Highs and Lows
The annual World Press Trends survey of the World Association of Newspapers and News Publishers (WAN-IFRA) finds print newspaper circulations continued to rise in Asia while they decline in mature markets in the West.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER, 2.5 billion in print, more than 600 million in digital form.
The newspaper industry generates more than US$200 billion of revenue annually; Circulation and advertising performance vary widely by region.The annual World Press Trends survey of the World Association of Newspapers and News Publishers (WAN-IFRA) finds print newspaper circulations continued to rise in Asia while they decline in mature markets in the West.
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
- More than half the world's adult population read a daily newspaper: 2.5 billion in print, more than 600 million in digital form.
- The newspaper industry generates more than US$200 billion of revenue annually; Circulation and advertising performance vary widely by region.
The annual World Press Trends survey of the World Association of Newspapers and News Publishers (WAN-IFRA) finds print newspaper circulations continued to rise in Asia while they decline in mature markets in the West.
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
- More than half the world's adult population read a daily newspaper: 2.5 billion in print, more than 600 million in digital form.
- The newspaper industry generates more than US$200 billion of revenue annually; Circulation and advertising performance vary widely by region.
The annual World Press Trends survey of the World Association of Newspapers and News Publishers (WAN-IFRA) finds print newspaper circulations continued to rise in Asia while they decline in mature markets in the West.
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
- More than half the world's adult population read a daily newspaper: 2.5 billion in print, more than 600 million in digital form.
- The newspaper industry generates more than US$200 billion of revenue annually; Circulation and advertising performance vary widely by region.
The annual World Press Trends survey of the World Association of Newspapers and News Publishers (WAN-IFRA) finds print newspaper circulations continued to rise in Asia while they decline in mature markets in the West.
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
An analysis of the World Press Trends data shows that news sites enjoy high readership, but the level of reader engagement is low. Digital platforms have increased the audience for newspaper content, but this growth is not being followed by a growth in advertising revenues.
The World Press Trends survey analyzed data from more than 70 countries, accounting for more than 90 per cent of the global industry's value. Additional survey findings:
MORE THAN HALF THE WORLD'S POPULATION READS A DAILY NEWSPAPER
- More than half the world's adult population read a daily newspaper: 2.5 billion in print, more than 600 million in digital form.
- The newspaper industry generates more than US$200 billion of revenue annually; Circulation and advertising performance vary widely by region.
Monday, June 24, 2013
Sappi Releases "Print &"
Sappi Releases "Print &" to Celebrate the Power of Print in Integrated Marketing: Sappi Fine Paper North America announced today the debut of "Print &,"
an insightful publication highlighting the interrelationship between print and digital media. Rather than being at odds, "Print &" highlights persuasive study results showing how print drives return on investment (ROI) when used in combination with alternative media to create effective integrated campaigns. Through independent research and compelling examples, "Print &" explores data on demographic preferences, emotional triggers, as well as shopping behaviors that show how print creates an interactive, visually intriguing and tactile experience.
an insightful publication highlighting the interrelationship between print and digital media. Rather than being at odds, "Print &" highlights persuasive study results showing how print drives return on investment (ROI) when used in combination with alternative media to create effective integrated campaigns. Through independent research and compelling examples, "Print &" explores data on demographic preferences, emotional triggers, as well as shopping behaviors that show how print creates an interactive, visually intriguing and tactile experience.
Appvion Escalates Efforts on Import Duties
Appvion,
Inc. today announced that it is escalating its campaign to ensure that
antidumping and countervailing duties on imports of lightweight thermal paper
from China and antidumping duties on imports of lightweight thermal paper from
Germany are being fully enforced.
In
2008, the U.S. Department of Commerce imposed duties on imports from these
countries as a result of trade remedy cases filed by Appvion (then Appleton
Papers). Recent information indicates that importers are attempting to evade
the duties owed by misstating the country of origin of the product, through
transshipment, or by other means.
Norske Skog Temporarily Shuts News PM
Norske
Skog has provisionally halted the 150,000 tonne/yr newsprint PM 2 at its Skogn
mill near Trondheim in Norway, in line with its plan initially announced in
March. The machine was stopped on June 23.
From
this week, Norske Skog will start the summer holiday schedule at the Skogn mill
and will not have enough personnel to run the site's three machines.PM 2 will be ready for restart from the beginning of week 35, or August 26, but the timing for the startup will depend on the market development, a company spokesperson said.
NA Newsprint Shipments Up
Newsprint
exports by North American mills in May spiked 19.5% from a year ago, thanks to
a 39.9% surge in deliveries to non-Japan Asia - primarily India - and a 7.2% increase in volumes to Latin America, according to
Pulp and Paper Products Council data.
Domestic
shipments were down 8.8% from May last year and showed an average 9.8% decline
for the year-to-date. North American newspapers' demand for newsprint fell 11% last month, but demand by commercial printers was effectively flat with last year,
reducing the overall demand drop to 8.9% in May and 10.0% so far this year.
Producers Raise Prices on Coated Board
June 21, 2013:
The leading North American producers of coated recycled paperboard (CRB) jumped the market with a new $45/ton price increase set for mid-July, on the heels of a mostly-successful increase in April-May, contacts confirmed this week.
Graphic
Packaging set the hike for July 17 and RockTenn for July 19. The leading North American producers of coated recycled paperboard (CRB) jumped the market with a new $45/ton price increase set for mid-July, on the heels of a mostly-successful increase in April-May, contacts confirmed this week.
Also, leading uncoated recycled paperboard (URB) producer Sonoco set a $40/ton increase effective July 8 for all grades.
June 24:
PaperWorks Industries, Inc. today announced that effective on shipments as of July 22, 2013, it will increase prices on all MasterWorks coated recycled boxboard grades by $45 per ton. Caraustar Industries, Inc. announced a price increase of $40 per ton on all grades of uncoated recycled paperboard products. The increase will be effective starting with shipments on July 15, 2013. The increase is in response to the continuing increase in costs, including raw materials.
PaperWorks Industries, Inc. today announced that effective on shipments as of July 22, 2013, it will increase prices on all MasterWorks coated recycled boxboard grades by $45 per ton. Caraustar Industries, Inc. announced a price increase of $40 per ton on all grades of uncoated recycled paperboard products. The increase will be effective starting with shipments on July 15, 2013. The increase is in response to the continuing increase in costs, including raw materials.
FSC to Withdraw Certificates from APRIL
On
23 May 2013, Greenpeace, WWF Indonesia and the Rainforest Action Network filed
a formal complaint with the Forest Stewardship Council about association with
the APRIL Group. In accordance with the FSC International Dispute Resolution
System, FSC set in motion the process of dealing with the complaint.
However,
on 14 June 2013, the FSC International received from our Asia-Pacific and China
offices written requests by APRIL subsidiaries to withdraw their FSC
certificates, which were all for chain-of-custody. No reason for the withdrawal was offered.
To officially withdraw from FSC, certificate holders must work with their certifying bodies, in this case, Bureau Veritas, SGS Hong Kong and QMI Sai Global. While FSC International acknowledged receipt of the withdrawal letters from APRIL subsidiaries, the actual process to terminate the contractual relationship may take some time.
When the withdrawal of the FSC certificates by APRIL becomes legally effective, there will no longer be any association between FSC and APRIL. Due to this new situation, the complaint process is being put on temporary hold, pending an internal discussion about the appropriate path forward.
FSC International will provide additional information once we decide about next steps.
Sustainable Forestry Initiative Shows Gains
http://www.sacbee.com/2013/06/20/5512410/new-report-sustainable-forestry.html
Since 2007, forests certified to the SFI Standard® have grown by 100 million acres to 240 million acres today. Total chain-of-custody certified locations grew from 500 in 2007 to more than 2,500. Also, SFI received on-product label requests for more than 6,000 wood, paper and packaging products in 2012, up from only 50 for the entire year in 2007.
Since 2007, forests certified to the SFI Standard® have grown by 100 million acres to 240 million acres today. Total chain-of-custody certified locations grew from 500 in 2007 to more than 2,500. Also, SFI received on-product label requests for more than 6,000 wood, paper and packaging products in 2012, up from only 50 for the entire year in 2007.
Hearst Partners Launches Magazine with Dr. Oz
Hearst to Launch Dr. Oz-Themed Pilot Magazine:
Hearst is set to launch a pilot issue of a new women's lifestyle magazine in partnership with Dr. Mehmet Oz, host of the syndicated Dr. Oz Show. The magazine is expected to follow the same model Hearst Magazines has honed through partnerships with Scripps Networks' HGTV and Food Network.
The first issue will debut in first-quarter 2014, with 800,000 copies to be distributed—350,000 to newsstands and 450,000 to select subscribers of other Hearst titles.
Hearst is set to launch a pilot issue of a new women's lifestyle magazine in partnership with Dr. Mehmet Oz, host of the syndicated Dr. Oz Show. The magazine is expected to follow the same model Hearst Magazines has honed through partnerships with Scripps Networks' HGTV and Food Network.
The first issue will debut in first-quarter 2014, with 800,000 copies to be distributed—350,000 to newsstands and 450,000 to select subscribers of other Hearst titles.
Publisher of Rolling Stone Out
Jann
Wenner has dismissed the publisher of his flagship Rolling Stone, Matt
Mastrangelo. Mastrangelo had been in the position for three years (12 years in
all at Wenner Media), and first-quarter ad pages were up 17 percent year over
year to 190.
But
Wenner is known to shuffle the publishing decks every
few years at the magazine he co-founded. Mastrangelo got the word this
morning, but apparently was told simply, "They are making a change."
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