The 2006 U.S.-Canada Softwood Lumber Agreement will be extended an additional two years until 2015. In the original agreement, which remains unchanged, the U.S. agreed to cease imposing antidumping and countervailing duties and Canada consented to export charges and volume limitations when the price fell below a certain level.
Tuesday, January 24, 2012
U.S. Recovered Paper Use Falls
U.S. Recovered Paper Consumption Drops 5% in 2011: According to the December 2011 Recovered Paper Monthly Report published by the American Forest & Paper Association (AF&PA), total U.S. industry consumption of recovered paper was 2.3 million tons, 7.5% lower than December of last year, and 3% lower than November 2011. Overall, consumption of recovered paper in 2011 was 5% lower than in 2010.
Kruger Corner Brook Mill Announces Plan
http://foresttalk.com/index.php/2012/01/23/job-cuts-coming-to-corner-brook-pulp-and-paper/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foresttalk%2FZdAe+%28ForestTalk%29&utm_content=Google+Reader
Kruger announced a cost cutting plan for its Corner Brook, Newfoundland mill; it includes reducing labor costs and will be implemented in the first quarter of 2012. The mill has two paper machines with a total capacity of approximately 260,000 metric tonnes per year of newsprint. In what was assumed to be an accidental release of an internal company memorandum to CBC, Kruger said mill labor costs were $40 per metric tonne more than the $100 average for North America and that the facility would operate more efficiently with 135 fewer workers.
Meredith Buys Allrecipes.com from Reader’s Digest Association
Meredith Corp. is acquiring all recipes.com from reader’s Digest for $175 million. The deal is expected to close by the end of this quarter.
Meredith National Media Announces FY Q2 Results
Meredith National Media Group's Ad Revenue Drops in Fiscal Second Quarter: Meredith saw a mixed fiscal 2012 second quarter, according to a company financial statement. While expenses for the National Media Group decreased 8 percent from the same period last year, overall and advertising revenue also fell during this quarter. Net revenue per magazine page rose by 8% .
24 Days, 9 Magazine/Website Deals
Nine magazine and website deals in the last 24 days. More than a few magazine and media executives spent the holidays putting the finishing touches on deal closures. We're only 3 weeks into January and there's been a flurry of M&A action—from decently big deals to small.
Heart & Soul Magazine Sold to Group of Investors
Heart & Soul Magazine Sold to Group of Investors: Heart & Soul, an 18-year old wellness magazine historically serving African-American women, has been sold by independent owner Edwin V. Avent to a group of investors known as Brown Curry Detry Taylor & Associates, LL.
R.R. Donnelley Signs Agreement with Metro Inc.
Donnelley Signs Multimillion-Dollar Print Management Agreement With Metro: CHICAGO/TORONTO—Jan. 24, 2012—R. R. Donnelley & Sons has been awarded a multiyear, multimillion-dollar agreement by Metro Inc., a leading grocery and pharmacy chain in Quebec and Ontario with more than 65,000 employees.
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