The forestry sector is hiring
again.
Pulp and paper companies expect
to boost their work force by 60,000 over the next seven years, a significant
turnaround for an industry that not so long ago was a basket case, laying off
workers by the tens of thousands as mills shut down across the country.
Tuesday, January 15, 2013
IP Finalizes Transaction with Grupo Orsa, Brazil
International Paper Finalizes Transaction with Grupo Orsa in Brazil: International Paper and Brazilian corrugated packaging producer Jari Celulose, Embalagens e Papel S.A., a Grupo Orsa company, have finalized the formation of Orsa International Paper Embalagens S.A. The new entity, in which IP will hold a 75 percent stake, includes three containerboard mills and four box plants, which make up Jari's former industrial packaging assets.
Quad/Graphics Sells Plant
The sale of the 850,000-square-foot plant on George Urban Boulevard to partners Frank J. Campofelice and Peter G. Wilson closed Monday, said Guy J. Agostinelli, the buyers' attorney, and Richard Schechter, senior director with Pyramid Brokerage Co., which marketed the property.
Hearst Has Record-Breaking March
After a strong showing in September, Hearst Magazines is
looking to clean up again with its March issues on the strength of
fashion, retail, luxury and beauty ads. With much to crow about, the company
got a jump on its rivals in putting out its numbers for the March issue, which,
along with September, are fashion magazines' biggest of the year.
Elle,
Marie Claire, Bazaar, Cosmo all boosted ad pages.
Forecast: U.S. Newspaper Ad Revenues to Fall
Forecast: U.S. Newspaper Ad Revenues, Print/Digital: U.S. newspaper print ad revenues are expected to drop significantly in the coming years, slipping from $19.14 billion in 2012 to $16.4 billion in 2016. Digital revenues, which include all digital platforms, are expected to rise slightly to $4 billion in 2016, from $3.4 billion in 2012 -- thus not covering losses from print.
Prometheus Global Names CEO
Yahoo’s former interim-CEO Ross Levinsohn (pictured) may have
been passed over for Marissa Mayer this summer, but he is now back in an
executive driver’s seat—this time as CEO of Prometheus Global
Media, publisher of Adweek, The
Hollywood Reporter, Back Stage and Billboard,
among others.
In
an additional change-up that comes with the new CEO, the company has been
renamed Guggenheim Digital Media (GDM), according to an announcement posted on Adweek.
WSJ Launches New Magazine
Whether it’s taking stock of one’s own wealth or gawking at
others,’ people’s interest in money seems limitless. So says The Wall Street Journal, which is giving personal
finance the glossy treatment with a new magazine insert, WSJ. Money.
WSJ. Money is a
spinoff of WSJ. Magazine, the newspaper’s
luxury lifestyle insert. The title is slated to make its debut March 9 and
publish four times this year. It’ll be distributed in the Journal’s weekend edition in the U.S., which has a
circulation of 2.3 million. The goal is for 50 pages per issue, including 30
edit and 20 ad pages.
BtoB Launches Online Edition
Deloitte: Top 250 Retailers Hit $4 Trillion in Revenues
The
revenues of the world's 250 largest retailers topped $4 trillion* in fiscal
year 2011 (encompassing companies' fiscal years ended through June 2012),
according to the 2013 Global Powers of Retailing
report from
Deloitte Touche Tohmatsu Limited (DTTL), in conjunction with STORES Media. This
is a 5 percent year-on-year increase in retail revenue despite the global
economic downturn. Additionally, according to the report retail revenue rose
significantly for companies based in emerging markets in Africa, the Middle
East, Latin America and Asia Pacific (excluding Japan).
Kantar Reports 2012 FSI Growth
Kantar Media reports that more than 274
billion Free Standing Insert (FSI) coupons were distributed in 2012 which represents
a 0.8 percent increase in activity versus 2011. FSI pages increased 1.4
percent overall with the Consumer Packaged Goods (CPG) and Franchise sectors
increasing 2.4 percent and 10.2 percent respectively, offsetting an 8.0 percent
decline in the Direct Response sector. FSI coupon support for new
products within the CPG sector increased 23.2 percent versus 2011 while
retailer FSI promotion pages also increased 5.2 percent.
Scholastic Releases Biannual Report
In the fourth edition of the Kids
& Family Reading Report™ , a national survey released today by Scholastic (NASDAQ: SCHL), the global children’s
publishing, education and media company, and the Harrison Group, a leading
marketing and strategic research consulting firm, found
kids age 6-17 and their parents share their views on reading in the
increasingly digital landscape and the influences that impact kids’ reading frequency and attitudes toward reading.
Decline in Printed Books Slowed
As the e-book market has
exploded, fueled in large part by the popularity of e-book readers like the
Kindle and tablets like the iPad, predictions regarding the so-called
"death of print" have only gained steam. But a new report from
Neilsen Bookscan indicates that while e-book sales are on the rise, the decline
in print sales have actually slowed down, a sign that mainstream readers may
not be finished with the print book format just yet.
According to Neilsen Bookscan
data analyzed by Publishers Weekly, sales of print books in 2012
declined by nine percent, approximately the same rate at which print sales
declined in the previous two years. This new data indicates that, despite the
increasing popularity of tablets and e-readers, the decline in print book sales
versus e-books has stabilized to some degree.
USPS to Accelerate Restructuring, Cost Reduction, No Help from Congress
USPS: Management to Accelerate Steps to Restructure Operations and Reduce Costs: The Postal Service Board of Governors met last week to discuss a wide range of accelerated cost cutting and revenue generating measures in the face of an unprecedented set of financial challenges, heightened by the inability of Congress to pass comprehensive postal legislation. Citing the fact that the Postal Service cannot wait indefinitely for legislation, the USPS Board of Governors has directed management to accelerate the restructure of Postal Service operations to further reduce cost.
http://www.bloomberg.com/news/2013-01-14/postal-delay-in-congress-hastens-risk-of-mail-stoppage.html
Postal Delay in Congress Hastens Risk of Mail Stoppage
The U.S. Postal Service, set to run out of
operating cash in October, still can’t get Congress to act with any urgency to
help solve its problems.
Competing Senate and House proposals to help
resolve Postal Service finances expired when the old Congress left Jan. 3, and
a senator who led the push for a postal overhaul retired. The post office now
must persuade lawmakers focused on broader fights on the deficit and spending
to pass a law to let the agency cut costs and plug losses.
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