International Paper Reaches Agreement to Sell Temple-Inland Building Products Division for $750M:
International Paper today announced that it has reached an agreement to sell its Temple-Inland Building Products division to Georgia-Pacific LLC for $750 million in cash, subject to certain pre-and post-closing adjustments.
Thursday, December 13, 2012
Port Workers Give Leader Strike Authorization
Before contract
talks started Monday for negotiators representing East and Gulf coast port
workers, and employers, the employees' union leaders of the International
Longshoremen's Association (ILA) provided ILA pres Harold Daggett with the
authority to call a strike if needed.
The vote
occurred before contract talks opened on Monday in Delray Beach, FL. The
deadline for an agreement is Dec. 29. The contract covers 15 East and Gulf
Coast ports.
Burgo Increases Woodfree Paper Prices
Burgo to hike
CWF and UWF paper prices by 5-6% for all deliveries from Feb. 1, 2013
The price
increase will apply to all CWF and UWF grades, both sheets and reels, and will
be effective for deliveries as from February, 1st 2013.
Rising
production costs, particularly related to transportation, energy, chemicals and
raw materials, have made the price hike necessary.
IP to Stay in Memphis
International Paper will stay in Memphis:
The company settled on an incentive to stay in the Bluff City, which could include an expansion involving multiple real estate buildings.
The company settled on an incentive to stay in the Bluff City, which could include an expansion involving multiple real estate buildings.
Postal Regulators OK Revised Standard Mail Flats Price
Green Light for Revised USPS Standard Mail Flats Rate Rise:
Under protest, USPS went away and proposed a fresh rate increase, which yesterday was approved by the regulators.
As approved, Standard Mail Flats rates will increase by an average of 2.617% as of 27th January, 2013.
US postal regulators have finally approved controversial new Standard Mail Flats prices at the US Postal Service.
USPS had suggested the Postal Regulatory Commission was going a little further than its remit when it rejected its original proposals last month, and demanded an above-average price rise for the rate category that includes items like catalogues.Under protest, USPS went away and proposed a fresh rate increase, which yesterday was approved by the regulators.
As approved, Standard Mail Flats rates will increase by an average of 2.617% as of 27th January, 2013.
Hearst with New Imprint & Sales Channel
Ever
since Hearst Corp. sold William Morrow to News Corp. in 1999, its book
publishing activities have focused on partnering with different houses to
publish books based on content from its magazines. That strategy will change
January 2 when Hearst releases 7 Years Younger: The Revolutionary 7-Week
Anti-Aging Plan under the new 7YY/Hearst Magazines imprint. Now in a third
printing with 72,000 copies before publication, the book is the cornerstone of
a new franchise devoted to helping baby boomers and others look and feel
younger.
Old Navy Part of Divas Concert
Old Navy's presence during VH1's popular Divas
concert on Sunday night will include pricey 30- and 60-second spots during the
cable channel's telecast. At the same time, there's a potentially fun digital
component to point out.
The retailer is
sponsoring a GIF photo booth on the red carpet and backstage
at show, which will take place at Los Angeles' Shrine
Auditorium. In a nutshell, the technology takes photos and creates
limited-motion GIFs of those in the booth.
Avon Announces Cuts
Publishers: Plan for Change
In Sales, Plan for Change:
Best practices for avoiding the pitfalls of a shifting media landscape.
Publishers need to stop being afraid of social media. That was the message delivered today by panelists at the MPA Digital Social Media Summit at the Time Life Building.
Best practices for avoiding the pitfalls of a shifting media landscape.
Publishers need to stop being afraid of social media. That was the message delivered today by panelists at the MPA Digital Social Media Summit at the Time Life Building.
Most Marketers Not Satisfied with Metrics
Most marketers not satisfied with customer experience metrics:
Only 11% of marketers gave their companies a “good” rating on customer experience metrics, according to a study from research firm Temkin Group.
Only 11% of marketers gave their companies a “good” rating on customer experience metrics, according to a study from research firm Temkin Group.
Transcontinental Predicts Slow Magazine Growth
Transcontinental Inc. Predicts Slow Magazine Growth:
Transcontinental Inc., the largest printer in Canada and the fourth largest in North America, and publisher of over 30 magazines, saw a mixed end to 2012, reporting an increase in its revenues by 12 percent and adjusted operating income by 21 percent in the fourth quarter. The company’s community newspaper business remained strong and performed better than expected, but the same cannot be said for its portfolio of glossies.
Transcontinental Inc., the largest printer in Canada and the fourth largest in North America, and publisher of over 30 magazines, saw a mixed end to 2012, reporting an increase in its revenues by 12 percent and adjusted operating income by 21 percent in the fourth quarter. The company’s community newspaper business remained strong and performed better than expected, but the same cannot be said for its portfolio of glossies.
StrongMail: 2013 Marketing Budgets Up
StrongMail: Marketing budgets to rise next year: Redwood City, Calif.—Marketers plan to increase their budgets next year, with the greatest attention paid to email, social media and mobile, according to a report by cross-channel marketing company Strongmail. StrongMail's "2013 Marketing Trends Survey" found 45.2% of businesses plan to increase their marketing budgets in 2013, while 43.9% plan to maintain their current spending levels.
Executives Want Better Access to Data
Executives want better access to social, mobile data: New York—Although a large number of companies have adopted a data analytics strategy, 60% of management teams don't seem to have the right access to marketplace data needed to make strategic decisions about their social media or mobile media or mobile media efforts, according to a study by auditing company KPMG.
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