Catalyst Paper is permanently closing its Snowflake mill in Arizona:
Catalyst Paper has decided to permanently close its Snowflake recycle mill located in northeastern Arizona and its subsidiary the Apache Railway Company. The mill has two PMs with the capacity to produce ~400,000 stpy of newsprint and uncoated mechanical paper.
This follows extensive efforts to improve the operation’s financial performance in the face of intense supply input and market pressures. The operation is scheduled to shut production on September 30, 2012.
Tuesday, July 31, 2012
RISI Names Richard Garneau "CEO of the Year"
Richard Garneau named 2012 North American CEO of the Year:
RISI today announced that Richard Garneau, President and Chief Executive Officer of Resolute Forest Products, has been selected as RISI’s 2012 North American CEO of the Year.
RISI today announced that Richard Garneau, President and Chief Executive Officer of Resolute Forest Products, has been selected as RISI’s 2012 North American CEO of the Year.
Domtar Reports Q2 Results
Domtar Corporation Reports Preliminary Second Quarter 2012 Financial Results: Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported net earnings of $59 million ($1.61 per share) for the second quarter of 2012 compared to net earnings of $28 million ($0.76 per share) for the first quarter of 2012.
China's June RCP & Pulp Imports Fall
According to data from China Customs; China's
total recovered paper (RCP) imports fell 16.7% to nearly 2.346 million tonnes
in June, down from some 2.816 million tonnes in May.
China's total pulp imports fell 9.4% in June compared to the previous month, to nearly 1.354 million tonnes.
China's total pulp imports fell 9.4% in June compared to the previous month, to nearly 1.354 million tonnes.
Resolute Estimates Cost of Bowater Mersey Closing
Resolute Forest Products’ costs for closing Bowater Mersey:
Resolute Forest Products has amended their estimate for the cost they will incur for indefinitely idling the Bowater Mersey newsprint mill in Nova Scotia.
Resolute Forest Products now estimates that it will incur, on an accounting basis, a charge of approximately $18 million for severance and other termination benefits and approximately $77 million of asset impairment charges to reduce the carrying value of the mill assets.
Resolute Forest Products has amended their estimate for the cost they will incur for indefinitely idling the Bowater Mersey newsprint mill in Nova Scotia.
Resolute Forest Products now estimates that it will incur, on an accounting basis, a charge of approximately $18 million for severance and other termination benefits and approximately $77 million of asset impairment charges to reduce the carrying value of the mill assets.
USPS Default Coming, Congress Not Moved to Act
Looming U.S. Postal Service Default Shakes Mailers’ Confidence: Missing the health pre-payment, the first default in the agency’s history, would not cause interruptions in service or prevent the Postal Service from paying suppliers and employees, USPS spokesman David Partenheimer said in an email.
The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem the red ink.
Cabela's Multi-Channel Future
Cabela's is taking initial steps to focus on a print-to-digital transformation. Last year, the company began to develop an approach to
transform our 51-year-old legacy catalog
business into an omni-channel enterprise.
New York Magazine & Dwell Annouce Venture
Dwell Media and New
York Magazine today unveil the name of their joint venture celebrating
design, now known as CITY
MODERN. The partnership is comprised of a joint-publication (out this
Fall), 10+ special design events the week of Oct 1-7, and modern home tours in
Manhattan & Brooklyn Oct 6 & 7.
Financial Times Digital Subscriptions Top Print
The Financial
Times’ digital subscribers surpassed its print customers for the first time,
marking a milestone that the New York Times and other newspapers with so-called
paywalls are aiming to reach.
The newspaper’s digital subscribers grew 31
percent to 300,000 paying readers, compared with a year ago, Financial Times
owner Pearson Plc (PSON) said today. Total circulation, including print,
increased to almost 600,000.
F+W Acquires Aspire Media
F+W Acquires Aspire Media: F+W has purchased Aspire Media, a Loveland, Colorado-based enthusiast publisher serving the craft market and backed by private equity firms Frontenac Company and Catalyst Investors. Terms of the deal were not released, but F+W CEO David Nussbaum says it will add another 30 percent of revenue to the company.
New Paper Options
New Paper Options:
Production managers weigh in.
The basic idea behind paper buying is to strike the right balance between cost and quality. Determine your organization’s priorities, and make your compromises accordingly.
Production managers weigh in.
The basic idea behind paper buying is to strike the right balance between cost and quality. Determine your organization’s priorities, and make your compromises accordingly.
Omnimedia Reports Q2 Results
Martha Stewart Pares Loss; Publishing Still Weighs: Martha Stewart Living Omnimedia Inc.’s second-quarter loss narrowed as the media-and-merchandise company’s struggling publishing unit continued to weigh on its revenue. Martha Stewart Living reported a loss of $2.7 million, or 4 cents a share, compared with a loss of $2.94 million, or 5 cents, a year earlier. The most-recent quarter included $777,000 in restructuring charges. Revenue dropped 13% to $47.9 million.
Graphic Arts & Print; Pessimism for Q3
Semper Finds Pessimism Regarding Third-Quarter Sales in Latest ‘Industry Insight’ Survey: Semper International, the leading placement firm for skilled help in the graphic arts and printing industry, announces that in spite of profitability throughout the industry, many companies have a negative outlook for the rest of the quarter. The results of Semper’s most recent “Industry Insight” survey show a negative outlook and indecision about hiring plans.
Search for North America’s Greenest Printers
Search Launched for North America’s Greenest Printers: Canopy announces the release of the first comprehensive effort to identify North America’s greenest printers. The “Green Print Leadership Survey” will be circulated to the top 50 printers in North America to identify those demonstrating the highest green standards and engagement on forest conservation.
IDEAlliance; New Specification for Intelligent Mail
IDEAlliance Publishes New Specification for Intelligent Mail: IDEAlliance and its Postal Operations and Technology Committee has published for public review a new specification for presort vendors, list processors, inkjet technicians, and all concerned mail owners who choose to support the launch of the Intelligent Mail Package Barcode (IMpb) Implementation for Commercial Parcels.
Monday, July 30, 2012
Global Pulp Shipments Fall in June
Global
pulp deliveries slipped by 2.6% to 3.449 million tonnes in June, down from
3.541 million tonnes the previous month, according to Pulp and Paper Products
Council (PPPC) data.
Shipments
were 5.5% lower than a year earlier, down from 3.651 million tonnes in June
2011.
Weyerhaeuser Reports Q2 Results
Weyerhaeuser
Company today reported net earnings of $84 million for the second quarter, or
16 cents per diluted share, on net sales of $1.8 billion. This compares with
net earnings of $10 million on net sales from continuing operations of $1.6
billion for the same period last year.
IP Sells Franklin PM to Tak
Tak Investments, LLC, is pleased
to announce it has completed a deal to purchase a portion of the papermaking
assets at International Paper's recently reopened mill in Franklin, Virginia.
Over the past few months, Tak Investments has been converting one of the mill's
former paper machines to tissue production. Tak Investments has established a
new subsidiary, ST Tissue, LLC, that will operate at the Franklin mill site.
Full-scale tissue making operations will begin in late September, 2012.
Study: Direct Mail Still Preferred
Direct Mail the Top Channel for Some of America's Best Known Companies: Among some of America's most well-known companies, direct mail ranks number one in planned marketing channels.
Direct mail ranked number one (88%) planned marketing channels for 2012, followed by web/micro-site, email, and social media.
Direct mail ranked number one (88%) planned marketing channels for 2012, followed by web/micro-site, email, and social media.
Media Measurement & Tracking Tools
Top Social Media Measurement and Tracking Tools: Social media audiences have effectively become another universe of prospects to tap, which means measurement and tracking is essential to yielding from these visitors both direct and indirect revenue. While Facebook and Twitter offer their own analytics tools, a host of third-party offerings exist to pick up where they leave off.
Managing Multi-Channel Content
The New CMS Mandate: Managing Multi-Channel Content: Magazine publishers—especially larger ones with multiple syndication and distribution channels—have struggled for years with finding better ways to manage and automate the use of their valuable intellectual property.
Standard Register Reports Q2 Results
Standard Register Announces 6% Revenue Decline for Q2: Standard Register, a leader in the management and execution of mission-critical communications, today announced its financial results for the second quarter and first half of 2012. The Company reported quarterly revenue of $155.1 million and a net loss of $1.1 million. The results compare to prior year quarterly revenue of $164.3 million and a net loss of $1.0 million.
Spin Magazine Reports Layoffs
Reports: Major Layoffs at Spin:
Billboard.biz broke the news Friday that Spin had a round of layoffs and a later report by The New York Times said 11 employees were let go—a third of the staff. Among those that were shown the door were editor-in-chief Steve Kandell and managing editor Catherine Davis.
Billboard.biz broke the news Friday that Spin had a round of layoffs and a later report by The New York Times said 11 employees were let go—a third of the staff. Among those that were shown the door were editor-in-chief Steve Kandell and managing editor Catherine Davis.
Friday, July 27, 2012
Domtar Reports Q2 Results
Domtar reports net earnings of $59 million in second quarter, 2012:
Domtar Corporation has reported net earnings of $59 million in the second quarter of 2012 on sales of $1.4 billion.
In comparison, Domtar reported net earnings of $28 million for the first quarter of 2012, and net earnings of $54 million for the second quarter of 2011.
Domtar Corporation has reported net earnings of $59 million in the second quarter of 2012 on sales of $1.4 billion.
In comparison, Domtar reported net earnings of $28 million for the first quarter of 2012, and net earnings of $54 million for the second quarter of 2011.
Paperlinx Selling Operations in Europe, South Africa, CEO Resigns
Paperlinx to sell operations in Europe and South Africa, CEO to step down
PaperlinX announced recently announced that it has entered into the following agreements:
- to sell its operations in Slovakia, Hungary, Slovenia, Croatia and Serbia to the Heinzel Group for EUR 19.6 million.
- to sell its loss-making operations in South Africa to local management.
PaperlinX announced recently announced that it has entered into the following agreements:
- to sell its operations in Slovakia, Hungary, Slovenia, Croatia and Serbia to the Heinzel Group for EUR 19.6 million.
- to sell its loss-making operations in South Africa to local management.
Buckeye CEO Resigns
Buckeye Announces Resignation: Buckeye Technologies Inc. reported that President and Chief Operating Officer Kristopher J. Matula has announced his intent to resign from the Company effective August 31, 2012 to focus on other interests. Mr. Matula stated that he will resign from the Company’s Board of Directors on August 7, 2012.
61% of Consumers Take Action on Magazine Ads
Consumers Take Action Thanks to Magazine Ads: Six out of 10 magazine readers say exposure to specific magazine ads led them to take, or plan to take, action (such as make a purchase).
ABC Makes Changes
ABC Raises Fees, Defers Reporting Actions:
The Audit Bureau of Circulations (ABC) is making strategic changes to its reporting requirements and will be raising fees by 3 percent before the end of the year.
ABC’s board voted to defer implementation of a new publisher’s statement that would have expanded how consumer magazines report metrics for digital publications, and those that require larger magazines to report issue-by-issue data through ABC’s Rapid Report tool until new digital reporting requirements have been vetted further.
The Audit Bureau of Circulations (ABC) is making strategic changes to its reporting requirements and will be raising fees by 3 percent before the end of the year.
ABC’s board voted to defer implementation of a new publisher’s statement that would have expanded how consumer magazines report metrics for digital publications, and those that require larger magazines to report issue-by-issue data through ABC’s Rapid Report tool until new digital reporting requirements have been vetted further.
House Beautiful Multiplatform Ad Campaigns
House Beautiful: A Case Study On Multiplatform Ad Campaigns: House Beautiful has come a long way in its 117-year history, and the publication is now offering its advertisers more, too. Over the next year, it will be slowly rolling out a highly integrated advertising campaign, complete with print, online, tablet, social, live events and mobile media support.
Dennis Launches New Cycling Title
Dennis Publishing launches monthly cycling magazine:
London-headquartered, £100m turnover Dennis Publishing, which owns over 50 magazines, will launch the new cycling title with an initial UK print run of 50,000.
Produced by Bicester printer BGP, Cyclist will hit both digital and high street shelves, priced at £5 an issue, on 19 September backed by a £500,000 multi-platform marketing campaign.
London-headquartered, £100m turnover Dennis Publishing, which owns over 50 magazines, will launch the new cycling title with an initial UK print run of 50,000.
Produced by Bicester printer BGP, Cyclist will hit both digital and high street shelves, priced at £5 an issue, on 19 September backed by a £500,000 multi-platform marketing campaign.
NYT Revenues Up
For the first time in years, the New York Times
Co. has posted a year-over-year gain in quarterly revenues -- a rare bright
spot in the struggling newspaper industry. Total revenues edged up 0.6% to $515
million in the second quarter of 2012. Total revenues at its News Media Group
increased 1.2% to $489 million.
Meredith Reports FY 2012 Results
Meredith
Corporation, the leading media
and marketing company serving American women, today reported fiscal 2012 fourth
quarter revenues grew 6 percent to $375 million, and earnings per share grew 2
percent to $0.67, both from the prior-year period.
Magazine Industry Thriving in China
While print publishing’s had a tough time in
the states and in many parts of the world over the past few years, the magazine
industry in China is apparently booming.
China
has become a huge
market for luxury fashion, with consumers buying more than just clothes and
accessories. According to a piece in the New York Times this past weekend,
young Chinese women are spending huge chunks of their incomes on Chinese
versions of Western fashion glossies such as Vogue, Harper’s Bazaar, Elle,
etc. They’re obsessed. And Western publishing houses like Hearst are making
bank.
Valassis Announces Q2 Results
Valassis Sees Its Revenues Slide and Net Earnings Take a Big Hit: Valassis announced financial results for the second quarter ended June 30, 2012. Its revenues were $540.2 million, a decrease of 4.4 percent from $565.2 million in the prior year quarter.
Deluxe Reports Q2 Results
Deluxe Reports Its Revenue Grew 7 Percent in the Second Quarter: Deluxe Corp. announced its financial results for the second quarter ended June 30, 2012. “We had an outstanding second quarter following an outstanding first quarter,” said Lee Schram, CEO of Deluxe.
Thursday, July 26, 2012
EURO-GRAPH Reports H1 2012 P&W Ships
EURO-GRAPH has reported European H1 2012 shipments of coated mechanical papers fell -7% as compared to the same period last year. Demand was down -9.4% and exports increased 1.7%. Coated woodfree shipments decreased -3%, demand declined -2,6% and exports fell -8.5%. Supercalendered shipments were down -3.6%, demand decreased -1.5% and exports fell -12.2%.
Taiwan Will Not Levy Duties on Coated Imports
Taiwan
will not levy anti-dumping duties on coated paper imports from China, Japan,
South Korea and Finland.
The
Ministry of Finance (MOF) announced yesterday that it would not levy temporary
anti-dumping duties on imported coated paper from China, Japan, South Korea and
Finland, as the government's preliminary evaluation showed these imports did
not cause real damage to the local paper manufacturing industry.
Burgo Closing Coated PM
Burgo
is set to reduce its coated woodfree (CWF) paper capacity.
During
a meeting of company officials and trade union representatives in Rome last
week the firm revealed plans to shut down the 120,000 tonne/yr PM 1 at its mill
in Avezzano, central Italy.
APRIL Starts 450,000 PM
Asia
Pacific Resources International (APRIL) has commissioned a 450,000 tonne/yr
uncoated fine paper machine at a greenfield mill in Jiangmen city, Guangdong
province.
The
first sheet of paper rolled off the line on July 20, said a contact from the
company.
Weyerhaeuser Cuts Pulp Price
Weyerhaeuser
have informed North American customers that their northern bleached
softwood kraft (NBSK) pulp prices would decline to $850/tonne, effective August
1 until further notice.
IP Reports Q2 Earnings
International Paper 2Q 2012 results: net earnings including impact of ...:
International Paper today reported second-quarter 2012 net earnings attributable to common shareholders totaling $134 million compared with net earnings of $188 million in the first quarter of 2012.
International Paper today reported second-quarter 2012 net earnings attributable to common shareholders totaling $134 million compared with net earnings of $188 million in the first quarter of 2012.
AF&PA Publishes Sustainability Report
2012 AF&PA Sustainability Report Shows Significant, Measurable Progress On Better Practices, Better Planet 2020 Goals: (USA) The American Forest & Paper Association (AF&PA) today released the results of its biennial Sustainability Report, which showed that the U.S. paper, pulp and wood products industry has made significant, measurable progress toward achieving the goals of its Better Practices, Better Planet 2020 sustainability initiative.
Newsprint Exports Decline Sharply
Newsprint Exports See Drastic Fall: A drastic fall in Canadian newsprint shipments to traditional export markets in Asia and Latin America this year is creating more storm clouds for the industry. For all North American mills, June offshore shipments were down 23 percent from a year earlier and down 25 percent for the first six months of 2012. Offshore business represented 28 percent of total shipments.
Consumer Magazines: 14.7% of Ad Spending
Share of U.S. Advertising Spend by Medium: Kantar Media has published a report on U.S. advertising spend by medium.
RRD Reducing Pension Contributions
R.R. Donnelley whittles away at expected pension contribution:
R.R. Donnelley & Sons Co., Chicago, will reduce its expected 2012 pension contributions by $46 million, primarily as a result of the recently passed federal highway bill.
R.R. Donnelley & Sons Co., Chicago, will reduce its expected 2012 pension contributions by $46 million, primarily as a result of the recently passed federal highway bill.
Magazines Rank Highest In Ad Receptivity
Magazines Continue to Rank Highest In Ad Receptivity: Magazines continue to score significantly higher than TV or online in ad receptivity, as well as other key engagement dimensions.
Country Sampler Finds Way to Cut Costs
Country Sampler Tweaks Color Correction, Saves Big:
For image-heavy publications, the color-correction stage is a critical pre-press process and, if adjusted for maximum precision, can be an area where publishers can save big on printing costs.
Karen Elston Davis, prepress manager for Country Sampler Group, began a quest last year to find a method that could dramatically decrease color correction time while improving quality and color balance.
For image-heavy publications, the color-correction stage is a critical pre-press process and, if adjusted for maximum precision, can be an area where publishers can save big on printing costs.
Karen Elston Davis, prepress manager for Country Sampler Group, began a quest last year to find a method that could dramatically decrease color correction time while improving quality and color balance.
Governors Pushing for On-line Sales Tax
More
than 21 states have simplified how they collect taxes in hopes of recovering an
estimated $20 billion in sales taxes that go uncollected by out-of-state online
merchants every year. But the nation's governors say they still need help from
Congress.
Online
sales are soaring. State budget deficits are growing. And tax-free Internet
sales are once again in the spotlight.
Congress
is considering bills that would “level the playing field” by allowing states to
require all online merchants doing business in that state to collect sales tax.
Web retailers have largely had a free ride since a 1992 Supreme Court ruling
that only merchants with a physical presence in a state are responsible for
collecting sales tax.
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