Tembec reports a net loss of $47 million in its 4th quarter, ending September 29, 2012:
Tembec is reporting a net loss of $47 million in its 4th quarter, ending September 29, 2012 on consolidated sales of $443 million.
Sales were up compared to $421 million in the same quarter last year. Reported net loss in the same quarter last year was $17 million.
The results from the last quarter include a non-cash asset impairment charge of $50 million relating to the recently idled Chetwynd, British Columbia, pulp mill.
Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $23 million for the quarter, as compared to adjusted EBITDA of $19 million a year ago and adjusted EBITDA of $27 million in the prior quarter.
Thursday, November 15, 2012
Atlantic to Reopen Mill, Make Recylcled Pack. Paper
Atlantic Packaging plans to reopen Whitby, Ontario mill:
Atlantic Packaging Products plans to re-open their Whitby, Ontario mill in March of 2013.
The former newsprint mill has been upgraded with technology that will allow Atlantic Packaging to produce 100% recycled lightweight paper used to manufacture high performance corrugated packaging products.
Atlantic Packaging Products plans to re-open their Whitby, Ontario mill in March of 2013.
The former newsprint mill has been upgraded with technology that will allow Atlantic Packaging to produce 100% recycled lightweight paper used to manufacture high performance corrugated packaging products.
Catalyst Paper Receives Conditional Approval
Catalyst Paper Receives Conditional Approval for Listing of New Common Shares on TSX: (CANADA) Catalyst Paper announced today that it has received conditional approval for the listing of its new common shares on the Toronto Stock Exchange.
NS Export Growth to Lead Country, Port Hawk Fuels Forest Sector
Export Development Canada's
(EDC) forecast for Nova Scotia's export growth calls for a rebound of 17 per
cent in 2013 after a 14 per cent decline this year.
"Nova Scotia's export
growth will lead the country in 2013 with a jump of 17 per cent, driven by a
more positive outlook for the natural gas sector, paper mills coming back on
line and improved U.S. demand," said Peter Hall, Chief Economist, EDC.
"Next year's growth is a relief, a welcome sharp rebound from the 14 per
cent decline in 2012."
"The reopening of the
NewPage Port Hawkesbury paper mill will be the base of the forestry export
story next year," said Hall. "The shutdown of the Bowater Mersey Mill
in Brooklyn, while impactful to the province, is not expected to weigh down
export growth as most of its production supplies the domestic market."
AF&PA Asks Congress to Pass PNTR with Russia
AF&PA Calls on Congress to Pass Russia PNTR Legislation: (USA) American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement ahead of expected a House vote on legislation authorizing permanent normal trade relations (PNTR) with Russia.
AF&PA Sustainability Awards Announced
2012 AF&PA Sustainability Award Winners Announced at Annual Meeting: (USA) The American Forest & Paper Association (AF&PA) presented its first ever Better Practices, Better Planet 2020Sustainability Awards at the association's annual meeting on Friday, Nov. 9 in Scottsdale, Ariz.
Designed to recognize exemplary sustainability programs and initiatives, the awards are to be given based on the merit of entries received across multiple categories. This year, five companies were chosen to receive awards.
Designed to recognize exemplary sustainability programs and initiatives, the awards are to be given based on the merit of entries received across multiple categories. This year, five companies were chosen to receive awards.
Eddie and Ozzie Award Winners Announced
The 2012 Eddie and Ozzie Award Winners Announced:
The winners of the 2012 Eddie and Ozzie Awards were honored yesterday during a lunch event in New York. The Eddie and Ozzie awards program is the largest of its kind for magazine publishers. It also has the proud distinction of being the only awards event open to magazines and websites of all kinds—consumer, b-to-b, association, custom and regional, big and small.
The winners of the 2012 Eddie and Ozzie Awards were honored yesterday during a lunch event in New York. The Eddie and Ozzie awards program is the largest of its kind for magazine publishers. It also has the proud distinction of being the only awards event open to magazines and websites of all kinds—consumer, b-to-b, association, custom and regional, big and small.
Time's All You Adds Reader Generated Content
http://www.mediapost.com/publications/article/187369/mag-bag-all-you-ups-reader-generated-content.html#axzz2CJvLg9k6
All You, a Time Inc. magazine targeted at value-conscious female Wal-Mart shoppers, is introducing more reader-generated content as part of a new editorial treatment beginning with its December issue, which hits Wal-Mart newsstands on Friday.
All You, a Time Inc. magazine targeted at value-conscious female Wal-Mart shoppers, is introducing more reader-generated content as part of a new editorial treatment beginning with its December issue, which hits Wal-Mart newsstands on Friday.
The December issue introduces a new editorial feature, “Real Talk,” which
highlights readers’ tips and reviews and answers reader questions. Comments
from Facebook, bloggers, and the All You Web site are also showcased throughout
the magazine.
min Presents Editorial & Design Awards
Graphic in a different way was Firehouse's b2b app-winning display of--naturally--a
smouldering building.
ABC Rebrands as Alliance for Audited Media
ABC Rebrands as Alliance for Audited Media:
In another sign of how the shifting media landscape is changing the way companies operate within it, the Audit Bureau of Circulations has announced it's rebranding to a less print-focused name of Alliance for Audited Media. The new identity is representative of a number of initiatives the auditing firm has been rolling out that address the multiplatform content and audience realities publishers are working with, most notably its Consolidated Media Report, which allows publishers to verify their cross-platform metrics.
In another sign of how the shifting media landscape is changing the way companies operate within it, the Audit Bureau of Circulations has announced it's rebranding to a less print-focused name of Alliance for Audited Media. The new identity is representative of a number of initiatives the auditing firm has been rolling out that address the multiplatform content and audience realities publishers are working with, most notably its Consolidated Media Report, which allows publishers to verify their cross-platform metrics.
Are Online Ads Less Effective Than Print Ads?
Are Online Ads Less Effective Than TV and Print Ads?:
Written by Howard Fenton
Reading a study by Adobe stating that 50% of consumers say that online banner ads do not work and only 3% prefer online ads on social media sites was surprising. Most said that they found online ads “annoying” and “distracting.” The study entitled “Click Here: The State of Online Advertising” suggests that the current thinking about the effectiveness of online ads and social media is exaggerated.
Written by Howard Fenton
Reading a study by Adobe stating that 50% of consumers say that online banner ads do not work and only 3% prefer online ads on social media sites was surprising. Most said that they found online ads “annoying” and “distracting.” The study entitled “Click Here: The State of Online Advertising” suggests that the current thinking about the effectiveness of online ads and social media is exaggerated.
China Invests $8 Billion in Publishing Industry
http://english.peopledaily.com.cn/90778/8007441.html
China's Bank of Communications will pump 50 billion yuan (8 billion U.S. dollars) into the country's publishing industry, according to a cooperative agreement signed on Tuesday.
The agreement, signed by the General Administration of Press and Publication (GAPP) and the Bank of Communications, said the bank will provide the finance in three years.
China's Bank of Communications will pump 50 billion yuan (8 billion U.S. dollars) into the country's publishing industry, according to a cooperative agreement signed on Tuesday.
The agreement, signed by the General Administration of Press and Publication (GAPP) and the Bank of Communications, said the bank will provide the finance in three years.
USPS FY Loss: Urgent Need for Legislative Reform
Postal Service’s $15.9-Billion Loss Highlights Urgent Need for Legislative Reform: The U.S. Postal Service ended the 2012 fiscal year (Oct. 1, 2011 – Sept. 30, 2012) with a record net loss of $15.9 billion, compared to a net loss of $5.1 billion for the same period last year. The loss included expenses of $11.1 billion related to two payments to prefund retiree health benefits. Resolving the prefunding requirement, which made up 70 percent of the net loss, and providing more commercial flexibility to allow the Postal Service to manage its business, are among legislative changes needed for USPS to fully implement its business plan to return to financial stability.
Projected USPS Pension Surplus Shrinks
Projected Postal Service Pension Surplus Shrinks as Rates Fall: The projected excess in the Federal Employees Retirement System for benefits covering about 471,000 current postal employees shrank to $2.6 billion from $10.9 billion a year earlier, John Berry, director of the U.S. Office of Personnel Management, said in an Oct. 30 letter to Postmaster General Patrick Donahoe.
Real-Time Bidding 13% of Display Ad Spending
That’s according to new estimates from eMarketer, which only expects RTB to
gain momentum in the coming years as more media buyers and publishers warm to
its efficiencies.
This year, the overall U.S. display ad market will grow 21.5% to $15 billion
from $12.3 billion in 2011, eMarketer projected in September. Growth in RTB
display ad spending, by comparison, is expected to reach 98% in 2012.
FTI: Holiday Spending Up 4.5%
http://www.sacbee.com/2012/11/14/4984619/fti-consulting-issues-new-us-retail.htmlFTI Consulting, Inc. (NYSE: FCN), the global
business advisory firm dedicated to helping organizations protect and enhance
their enterprise value, today released its 2012 Retail Report. The report,
titled "A Real Cliffhanger," analyzes the state of the retail sector
in the United States and finds resilience in consumer spending on goods despite
ongoing global economic uncertainty and threats posed by the impending fiscal
cliff. Consumer confidence is approximately 25 percent higher entering the 2012
holiday shopping season than it was a year ago.
Manroland Sheetfed Completes Reorganisation
Manroland Sheetfed completes reorganisation:
The bulk of the restructuring happened in February, when Langley concluded a deal to buy the former sheetfed division of German press manufacturer Manroland out of administration.
In addition to securing the jobs of 824 staff at Manroland's Offenbach site, Langley retained more than 1,000 more across a number of other German sites and more than 40 overseas subsidiaries.
The bulk of the restructuring happened in February, when Langley concluded a deal to buy the former sheetfed division of German press manufacturer Manroland out of administration.
In addition to securing the jobs of 824 staff at Manroland's Offenbach site, Langley retained more than 1,000 more across a number of other German sites and more than 40 overseas subsidiaries.
Kodak Gets Interim and Exit Financing
Kodak Agrees to $793 Million in Interim and Exit Financing: Agreement with Centerbridge, GSO, UBS and JPMorgan Sets Kodak's Path to Emergence from Chapter 11 in the First Half of 2013ROCHESTER, N.Y., - Eastman Kodak Company announced today that it has entered into a commitment letter to secure $793 million in Junior Debtor-in-Possession Financing with Centerbridge Partners, L.P., GSO Capital Partners LP, UBS and JPMorgan Chase & Co.
Economy Shows Green Shoots From China to U.S.
Economy Shows Green Shoots From China to U.S. With Data Surprise:
The U.S. and China, the world's traditional twin sources of growth, are planting seeds to lift the world economy from its midyear slowdown.
The U.S. and China, the world's traditional twin sources of growth, are planting seeds to lift the world economy from its midyear slowdown.
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