Port Hawkesbury Mill Gets Extension

Port Hawkesbury mill gets 60 day extension to creditor protection period:
The NewPage Port Hawkesbury (Supercalendered paper) mill was granted another extension for its creditor protection period by the Nova Scotia Supreme Court today. This extension is for 60 days.

Resolute's Amos Union Votes No

Amos employees say ‘no’ to concessions, Resolute issues ultimatum:
The unionized employees at Resolute Forest Products‘ Amos Division in Quebec said ‘no’ to Resolute’s demand for concessions. The Amos division produces newsprint and employs about 160.

Verso Announces Exchange Offer

http://www.versopaper.com/newsarchive.aspx

Verso Paper Corp. announced today that two of its wholly owned subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc. (collectively, the "Issuers"), have launched an offer to issue up to $180.2 million aggregate principal amount of a new series of 9.75% secured notes due 2019 (the "New Notes") in exchange for any and all of the Issuers' outstanding $180.2 million aggregate principal amount of senior secured floating-rate notes due 2014 (the "Old Notes").

M-real Changes Name

The Annual General Meeting of M-real Corporation held today 28 March 2012 decided to change the company's business name to Metsä Board Corporation, amended the field of business of the company to more accurately correspond to the current business operations.

Hearst Acquires 20% of Stylus

http://www.pubexec.com/Publishing Executive

Hearst Corporation today announced that it has acquired a 20 percent stake in Stylus Media Group, which provides business intelligence to consumer companies. The announcement was made jointly by Frank A. Bennack, Jr., CEO of Hearst Corporation, and Marc Worth, CEO and founder of Stylus. Financial terms were not disclosed.

 

Digital Circulation Grows

http://adage.com/article/mediaworks/magazines-digital-circulation-doubles/233771/

Digital circulation soared to an estimated 3.29 million in the second half of 2012 from 1.46 million in the year-earlier period, a 125% increase, according to publishers' reports with the Audit Bureau.

Despite all that growth, however, digital remains about 1% of magazines' total paid and verified circulation.

Sears Selling Cataloguer?

http://www.nypost.com/p/news/business/lands_end_game_5p3ePLWUD0sqSpTPERJGeM?utm_medium=rss&utm_content=Business

As reported by The New York Post, Eddie Lampert, chairman of Sears Holdings, has quietly been shopping Dodgeville Wis. mail-order catalog Land's End to potential buyers.

2011-16 Local Media Ad Spending

2011-2016 Local Media Ad Spend: Digital Strong, Traditional Flat: Local media industry adviser BIA/Kelsey expects strong growth (12.7%) in the digital segment of local media advertising through 2016. The firm expects traditional local media to grow from $111.5 billion to $112.7 billion in 2016.