Resolute Forest Products announces further debt reduction and repurchases additional shares:
Resolute Forest Products Inc. has announced that it would take advantage of its strong liquidity position to redeem an additional $85 million of its 10.25% senior secured notes due 2018.
Resolute also announced that it had now repurchased 3.7 million shares of its common stock under the existing $100 million share repurchase program.
Monday, September 10, 2012
Norske Invests in Conversion to Coated Grades
Norske Skog invests AUD 84 millions in Australia
Norske Skog will convert a machine at the Boyer mill in Australia to the production of coated grades, and close one newsprint machine at the Tasman mill in New Zealand.
Norske is investing invest AUD 84 million in the project. The Australian government is providing substantial funding.
The machine conversion project will be done over the next two years and will enable the production of coated grades among other things suitable for catalogues.
Norske Skog will convert a machine at the Boyer mill in Australia to the production of coated grades, and close one newsprint machine at the Tasman mill in New Zealand.
Norske is investing invest AUD 84 million in the project. The Australian government is providing substantial funding.
The machine conversion project will be done over the next two years and will enable the production of coated grades among other things suitable for catalogues.
PPI Top 100
The PPI Top 100 - M&As create a stir: Few surprises mark this year's Top 100 results, which has been the case for many years. International Paper (IP) continues to be ranked at the top with sales of pulp, paper, converting and merchanting (PPCM) operations reaching more than $26 billion in 2011.
DMA; Marketers are Bullish
DMA finds marketers bullish on direct and digital marketing: Despite mixed signals in the economy, more than 72% of marketers and marketing suppliers believe direct and digital marketing are well-positioned for future growth, according to a report from the Direct Marketing Association.
According to DMA's “Quarterly Business Review,” 48.8% of respondents saw their companies' direct and digital revenue grow in the second quarter, while 42.2% reported unchanged revenue.
Marketers responding said they maintained spending on direct mail and place-based/out-of-home media during the second quarter, while they cut spending on direct-response broadcast, gaming and teleservices, according to the report.
According to DMA's “Quarterly Business Review,” 48.8% of respondents saw their companies' direct and digital revenue grow in the second quarter, while 42.2% reported unchanged revenue.
Marketers responding said they maintained spending on direct mail and place-based/out-of-home media during the second quarter, while they cut spending on direct-response broadcast, gaming and teleservices, according to the report.
Quadrant HealthCom Buys IMNG
Quadrant HealthCom Buys IMNG From Elsevier:
Healthcare media company Quandrant HealthCom Inc. has purchased the International Medical News Group from Elsevier, Inc. Quadrant, which is owned by investment firm M.E. Zukerman, will use the deal to create a new company called Frontline Medical Communications under which the two entities will operate their individual brands. Combined, company revenues are now over $60 million.
By itself, Parsippany, New Jersey-based Quadrant publishes 13 medical journals, 24 websites and 10 events. In late 2009, the company bought four medical journals in the Dowden Professional Publications group from Lebhar-Friedman.
But with the IMNG deal, Quadrant greatly expands its brands and audience reach. Frontline Medical Communications will produce 29 publications in 17 market segments with a combined circulation of 700,000, say the companies. The group will also publish 125 e-newsletters, 35 websites and 14 live events.
Healthcare media company Quandrant HealthCom Inc. has purchased the International Medical News Group from Elsevier, Inc. Quadrant, which is owned by investment firm M.E. Zukerman, will use the deal to create a new company called Frontline Medical Communications under which the two entities will operate their individual brands. Combined, company revenues are now over $60 million.
By itself, Parsippany, New Jersey-based Quadrant publishes 13 medical journals, 24 websites and 10 events. In late 2009, the company bought four medical journals in the Dowden Professional Publications group from Lebhar-Friedman.
But with the IMNG deal, Quadrant greatly expands its brands and audience reach. Frontline Medical Communications will produce 29 publications in 17 market segments with a combined circulation of 700,000, say the companies. The group will also publish 125 e-newsletters, 35 websites and 14 live events.
TV Guide Promotes Birnbaum
Debra
Birnbaum, who as TV Guide
editor-in-chief (since April 2008) "successfully steered the magazine
through some of the most challenging years of publishing," was promoted to
president/editor-in-chief on
Sept. 7.
Redesign of USA Today, Gannett Buys Mobestream
One of the nation’s biggest newspapers is
getting a comprehensive makeover, as USA Today
prepares to relaunch its print edition, Web site and mobile apps...and this week, USA Today publisher Gannett Co. announced it has acquired
Mobestream, which operates Key Ring, a mobile rewards program that will allow
Gannett to help local merchants strengthen relationships with consumers through
a variety of loyalty programs.
PIA and NAPL Will Not Merge
Printing Association End Unification Talks, to Remain Independent:
The joint Unification Task Force, formed last February to study the possible blending of Printing Industries of America and the National Association for Printing Leadership, has announced its recommendation to cease unification discussions. The two groups have decided to remain independent, but will continue their active collaboration on key programs and ongoing partnerships in the Graphic Arts Show Co., GAERF, and conferences such as the Vision 3 Summit.
The joint Unification Task Force, formed last February to study the possible blending of Printing Industries of America and the National Association for Printing Leadership, has announced its recommendation to cease unification discussions. The two groups have decided to remain independent, but will continue their active collaboration on key programs and ongoing partnerships in the Graphic Arts Show Co., GAERF, and conferences such as the Vision 3 Summit.
Kodak Announces New Management Team
Phil Faraci Out at Kodak; additional 1,000 job cuts:
Philip J. Faraci, President, is leaving the company. Perez noted that as Chief Operating Officer, Faraci played an important role in helping transform the company.
Chief Financial Officer Antoinette P. McCorvey has decided to leave the company. Rebecca A. Roof, a managing director of AlixPartners, the company’s restructuring advisory firm, will become Chief Financial Officer on an interim basis.
Laura G. Quatela, Kodak President, will assume the additional role of President, Personalized Imaging, and lead that business through its sale process.
Dolores Kruchten will become President, Document Imaging, to lead that business through its sale process.
Quatela and Dolores Kruchten are expected to remain with Kodak until the sales of their respective businesses are completed in the first half of 2013.
Philip J. Faraci, President, is leaving the company. Perez noted that as Chief Operating Officer, Faraci played an important role in helping transform the company.
Chief Financial Officer Antoinette P. McCorvey has decided to leave the company. Rebecca A. Roof, a managing director of AlixPartners, the company’s restructuring advisory firm, will become Chief Financial Officer on an interim basis.
Laura G. Quatela, Kodak President, will assume the additional role of President, Personalized Imaging, and lead that business through its sale process.
Dolores Kruchten will become President, Document Imaging, to lead that business through its sale process.
Quatela and Dolores Kruchten are expected to remain with Kodak until the sales of their respective businesses are completed in the first half of 2013.
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