Wednesday, February 20, 2013

NewPage Cutting Workforce

NewPage Corp., which owns the paper mill in Wisconsin Rapids and plants in two other central Wisconsin cities, announced Tuesday that it was cutting about 300 jobs nationwide due to declining sales, or about 5 percent of its workforce.
Cliff Bowers, a spokesman for NewPage in Wisconsin Rapids, said the mill there employs about 1,050 workers but it was not immediately known how many jobs would be lost.
"There will be job cuts at every mill. I didn't say 5 percent," he said.

Hackman Capital Buys Catalyst Snowflake Mill

Hackman Capital Partners, LLC, a privately-held, asset-based investment firm based in Los Angeles, confirmed today the successful acquisition of Catalyst Paper's shuttered paper mill and certain other assets located in Snowflake, Arizona. Catalyst Paper, western North America's largest producer of mechanical printing paper, closed the Snowflake facility in September. Catalyst's assets were sold at auction in New York City on December 17, 2012, as part of restructuring proceedings in a Chapter 15 bankruptcy matter filed in Delaware. The assets sold at auction to the Hackman-led consortium consisted primarily of the paper mill improvements and personal property and 19,000 acres of real property. In a separate transaction through the auction, the Snowflake Community Foundation acquired the Apache Railroad Company and its 45 miles of track, which serve an important economic development purpose for the entire Snowflake community.

India Next Growth Market for Forest Products

www.risiinfo.com/ 
India's wood fiber deficit is forecast to more than double between 2011 and 2021, placing increased emphasis on imports, according to a study released today by RISI, the leading information provider for the global forest products industry. 2013 India's Forest Products Industry Outlook examines India's development as the world's next substantial wood fiber import market after China.

Office Depot and Office Max Merge

Office Depot Inc. and Office Max Inc. have agreed to merge in a $1.17 billion stock transfer, the companies announced Wednesday, ending nearly two hours of confusion about whether a deal had been reached.
Officials at Naperville-based OfficeMax and Office Depot declined to say who would lead the combined company nor where it would be located when the "merger of equals" is completed, likely by the end of the year.

10 Consumer Trends for 2013

10 crucial consumer trends 2013: The institute "trendwatching.com“ has predicted 10 trends for the year 2013 which include interesting approaches for the design of packaging: sustainability will be an essential for the supply chain, while transparency, authenticity and globalisation will present packaging design with new challenges.
1. Presumers & Custowners
2. Emerging Markets2
3. Mobile Moments
4. New Life Inside
5. Appscriptions
6. Celebrating Heritage
7. Data "Myning"
8. Back to Local Manufacturing
9. Total Transparency
10. Demanding Brands

AMI Reports Q3 Results

American Media, Inc.’s 2013 fiscal third quarter showed mixed results, according to recent company financials. Revenues dropped three percent in the quarter to $85 million. During its fiscal nine months ending December 31, 2012, revenue fell by eight percent, or $24 million, to $262 million.

BoSacks on Publishing Revolution

If you can just step back for a moment and look, not as an active member but rather as a voyeur, you will see that we, too, are not at liberty to be inactive participants in our industry and its future.  There are some publishers who are timidly seeking an easy way through the technologic turmoil, and there are those that are active participants in the future.
What makes this timely for me is the news last week about Time Inc. negotiating to sell off some of their large titles. I see this move as “being a very active participant in our future.” Time Inc. has always been a smart company that has seen and acted on the future before any other publisher. There are numerous actions that they have taken years before the rest of the industry followed.  And there is a forward thinking angle that many have missed in the guess work of their current action.

LinkedIn: A Sleeping Giant of Publishing

Over the last four months, LinkedIn, always living in the shadow of the sexier social platforms, has quietly built out a publishing platform. It is now a publisher in its own right, under former Fortune editor Dan Roth, with LinkedIn Today feeding aggregated articles from more than 1 million publications to LinkedIn’s 200 million users based on their preferences. It complemented that with an original publishing effort around “influencers,” recruiting a who’s who of business like Richard Branson, T. Boone Pickens and Ari Emanuel, and about 250 others.

A New King of Magazines Emerges

In 1922, the same year Henry Luce and Briton Hadden founded Time magazine in New York City, Edwin Thomas Meredith MDP +1.43% launched a title called Fruit, Garden and Home in Des Moines, Iowa. 
Two years later, the magazine changed its name to Better Homes and Gardens, today one of the biggest-selling titles in the U.S. and a core product of Meredith Corp., the Iowa-based TV and magazine firm still controlled by the Meredith family. It is now poised to merge with most of the glamorous Time Inc. publishing empire that Mr. Luce built into international fame.

Behind RDA’s Chapter 11 Filing

Behind RDA’s Chapter 11 Filing:
RDA Holding has filed for Chapter 11 bankruptcy protection for the second time in four years.
The move to convert $465 million in debt to equity comes after the company considered a "wide range of alternatives" however, according to a statement from Robert Guth, president and CEO of RDA.
http://www.printweek.com/news/1171678/Printers-hit-Readers-Digest-files-Chapter-11-again/
The move comes less than four years after the last time RDA filed for Chapter 11 protection, in August of 2009, and leading commercial printers Williams Lea, RR Donnelley and Quad/Graphics are again among the top unsecured creditors.