NA Pulp & Paper Industry 2011 Cap Spending Up 46.5%

As reported in a PPI Pulp & Paper Survey of 20 major North American manufacturers, industry capital spending was up $4 billion in 2011 over 2010, an increase of 46.5%. In the U.S., capital spending was up 47.8% (120% 2011/2009) and in Canada it jumped 90.2%. The focus of the spending was on replacing higher-cost capacity, machine conversions, energy cost reductions, quality enhancements and environmental improvements.

Churchill Downs Buys Bluff Media

http://www.foliomag.com/node/38503/print

Bluff Media has been acquired by horse racing and entertainment company Churchill Downs Incorporated (CDI) for an undisclosed amount.

Active Interest Media & Source Interlink Strike Deal

http://www.foliomag.com/2012/active-interest-media-buys-marine-group-assets-from-source-interlink
Active Interest Media, the enthusiast publisher with titles and events in the healthy living, home buying, marine and outdoor markets, has taken over the marine group from Source Interlink Media in an asset deal.

Consolidated Graphics Reports Quarterly Results

Consolidated Graphics Reports a 5.1 Percent Revenue Decrease:

Revenue for the December quarter was $283.9 million, a $15.2 million or 5.1% decrease compared to the prior year quarter. Adjusted Operating Income for the December 2011 quarter was $20.6 million or 7.2%, compared to $30.2 million or 10.1% of revenue last year. Adjusted Net Income was $12.6 million, compared to Adjusted Net Income of $18.7 million for the prior year quarter.