Because of the insolvency of its parent company, manroland, Germany, manroland Great Britain has announced it has no other option but to also be placed in administration (similar to bankruptcy proceedings in the U.S.). The company is a supplier of printing machinery.
Thursday, December 8, 2011
NYSE Notifies Verso of Unusual Market Activity
Verso Paper Corp. (NYSE:VRS) announced that the New York Stock Exchange, in accordance with its usual practice, contacted the company in view of unusual market activity in Verso’s common stock today. At the close of trading on the NYSE today, the price of Verso’s common stock was $1.44 per share, an increase of $0.33, or 30%, from the previous day’s closing price of $1.11 per share. In responding to the NYSE, Verso stated that its policy is not to comment on unusual market activity in its common stock.
Neenah Buyong Wausau Premium Brands
Neenah Paper has signed a definitive agreement to purchase certain premium brands, including Astrobrights and Royal, from Wausau Paper. The transaction has been approved by the boards of both companies and is subject to customary closing conditions.
The purchase would be financed through existing credit facilities and operating cash flows. Closing is expected to occur on Jan. 31, 2012 and additional details will be shared at that time.
Manistique Expects to Emerge from Bankruptcy End Q1 2012
Manistique Papers, Inc. has entered its final phase of financial reorganization with the mill operating near full capacity, according to officials. The mill has the capacity to produce 133M stpy of UGW on one PM.
A press release from MPI indicates the company filed paperwork with the United States Bankruptcy Court for the District of Delaware on Nov. 21 to enter its final planned stage of financial reorganization.
The actual process began last week, and is expected to be completed by March 2012. By reorganizing, MPI would be able to enter the process of selling the mill to a new equity holder with an appropriate debt structure.
Condé Nast/AdMeld Partners in Private Ad Exchange
In a major magazine publisher first, Condé Nast launched a private advertising exchange for select digital clientele. Partnering with service provider AdMeld, inventory from Condé’s entire digital portfolio was available at the time of the exchange’s launch.
Magazines, Year in Review
Face Up: 2011 Year in Review: 2011 was a year of redesigns and relaunches, as magazine covers aimed to provoke (and as a result, to sell). Some efforts amounted in positive buzz and hiked newsstand numbers; others inspired seemingly unending rounds of media heckling (Newsweek’s July 4th cover, which featured a very Photoshopped image of the late Princess Diana, here’s lookin’ at you).
Wausau Closing Brokaw Mill
Wausau Paper announced today that its Board of Directors has approved the sale of its premium Print & Color brands -- including Astrobrights(R), Astroparche(R) and the Royal family of products -- and closure of its Brokaw, Wisconsin, paper mill. The sale, to Neenah Paper, Inc., is scheduled to close on January 31, 2012. The Brokaw mill will be permanently closed by March 31, 2012, marking the end of the Company's material participation in the Print and Color markets. The Brokaw shutdown will affect approximately 450 hourly and salaried jobs.
USPS,Two Unions, Continue Negotiations to Midnight, Dec. 16
The Postal Service and two of its major unions have agreed to continue to extend separate labor contract negotiations. Although the contracts with the National Association of Letter Carriers, AFL-CIO (NALC) and the National Postal Mail Handlers Union, AFL-CIO (NPMHU) expired at m idnight Sunday, Nov. 20, the Postal Service and the two
52.9% Say Print is the Most Cost-Effective Marketing Medium
Thankfully, the cross-media message seems to be getting through. More buyers this year than last see print and electronic media as complementary rather than rival media. Likewise, while last year just 23% of respondents were planning on upping their print spend in the next five years, this year the figure is 26% (Print Week Survey).
There is comparatively good news when you look at the proportion of marketing budgets spent on print, too. While print has admittedly dropped by a percentage point from last year to 52% of budgets, the internet has dropped 3% to 25%, radio from 3% to 1% and TV from 6% to 4%. The winners are of course social media and event marketing, but it is print that seems to have lost least.
And it seems print gives you more bang for your buck too. A healthy 52.9% say print is the most cost-effective marketing medium, while the internet and email poll just 16.4% and 17.1% respectively. More surprising, perhaps, considering the low cost, is the performance of social media campaigns: just 4.3% of respondents say social media is the most effective ROI medium.
UPM to permanently close paper machine in Germany
UPM will permanently close down the paper machine 3 at UPM Ettringen paper mill on 14 December 2011 as being uncompetitive. In addition, overlapping operations are being restructured in the supply chain, paper sales and functions in the Ettringen, Plattling and Hürth mills. The negotiations concerning reconciliation of interest and social plan are concluded at the German units except Albbruck.
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