A dramatic collapse in licensing revenues at Kodak's Consumer Digital Imaging division and a doubling of losses at its Graphic Communications Group wing helped propel the firm into Chapter 11 bankruptcy protection.
Friday, March 23, 2012
People On The Move; Omnimedia
People on the Move: Alison Adler Matz is named senior vice president and publisher of Martha Stewart Living Omnimedia’s Everyday Food and Whole Living. She was previously publisher of Fairchild Fashion Media’s WWD Beauty Inc.
Thursday, March 22, 2012
Supercalendered Paper Ships Fall
The PPPC has reported that North American Supercalendered paper shipments declined -27% in February as compared to the same month last year. Demand was down -28.3% and imports decreased -32.7%. The operating rate was 96%. SC-A/SC-A+ shipments fell -17.6%, demand was down -22.6% and imports declined -34.7%.
NYSE Accepts Verso Plan
http://www.versopaper.com/default.aspx
Verso Paper Corp. announced today that the New York Stock Exchange has accepted the company's plan for continued listing on the NYSE.The company also reported preliminary results of tender offer for certain outstanding debt.
Norske Skog Closing Follum
Norske Skog will stop paper production at its Follum mill in Hønefoss, southern Norway, on March 30. The mill makes 145,000 tonnes/yr of coated paper on PM 7 and 145,000 tonnes/yr of improved newsprint and book paper on PM 1.
AF&PA Reports February CGW Ships Up
http://www.statmill.org/
| According to the American Forest & Paper Association, total printing-writing paper shipments in the U.S. increased 2% in February compared to the same month in 2011. Coated mechanical paper shipments jumped four percent year-over-year, the largest such increase since September 2010. Shipments of coated free sheet rose year-over-year for the first time in the past 15 months. |
Sappi Limited Named First HP Indigo Partner
Sappi Limited Named First HP Indigo Worldwide Preferred Media Partner:
North America announced today it has been named as the first worldwide member of the HP Indigo Preferred Media Partner program.
North America announced today it has been named as the first worldwide member of the HP Indigo Preferred Media Partner program.
B-to_B Media Revenue Jumps 6.9%
B-to-b media increase revenue 6.9% in 2011: Total b-to-b media revenue grew 6.9% to $26.5 billion last year, according to Business Information Network data released by American Business Media.
Cintas Reports Q3 Results
http://www.cintas.com/company/investor_information/highlights.aspx
Cintas Corporation today reported results for its third quarter ended February 29, 2012. Revenue for the third quarter was $1.01 billion, representing a 7.9% increase compared to last year's third quarter. The Company's third quarter operating income of $137.5 million was a 26.3% improvement as compared to last year's third quarter. Net income increased 28.7% to $76.0 million.
Cintas Corporation today reported results for its third quarter ended February 29, 2012. Revenue for the third quarter was $1.01 billion, representing a 7.9% increase compared to last year's third quarter. The Company's third quarter operating income of $137.5 million was a 26.3% improvement as compared to last year's third quarter. Net income increased 28.7% to $76.0 million.
Email Deliverability Falls
Email deliverability took steep dive in 2011: Overall worldwide email delivery to inboxes declined in the second half of 2011, falling to a record low 76.5%, down almost six percentage points from the first six months of last year, according to email deliverability company Return Path.
Wednesday, March 21, 2012
Negotiations for NP Port Hawkesbury Continue
It’s still unclear when a date may be set for a hearing into a request for a load-retention electricity rate by the company negotiating to buy the shuttered NewPage Port Hawkesbury paper mill.
Last week the lawyer for Pacific West Commercial Corp., which is a part of the Stern Group, wrote to the Nova Scotia Utility and Review Board saying it requires an electricity rate for the mill that will allow it to be a viable long-term operation
St. Marys Paper, More on the Story
End of paper making in Sault Ste. Marie? Details of St. Marys Paper sale:
A number company, 2319839 Ontario Inc., is in the process of purchasing St. Marys Paper.
Ernst & Young, as receiver of St. Marys Paper, describes 2319839 Ontario Inc. as a consortium of companies including an auctioneer, a real estate redevelopment company, a metals recycling company, and a forest products company.
A number company, 2319839 Ontario Inc., is in the process of purchasing St. Marys Paper.
Ernst & Young, as receiver of St. Marys Paper, describes 2319839 Ontario Inc. as a consortium of companies including an auctioneer, a real estate redevelopment company, a metals recycling company, and a forest products company.
Catalyst Paper May Sell Mills
Catalyst Paper threatens to sell all its mills if restructuring plan isn’t accepted this time:
If the creditors of Catalyst Paper don’t approve a restructuring plan this Friday, a plan that is similar to the one they have already rejected, then Catalyst Paper wants to sell its pulp and paper mills.
If the creditors of Catalyst Paper don’t approve a restructuring plan this Friday, a plan that is similar to the one they have already rejected, then Catalyst Paper wants to sell its pulp and paper mills.
New York Magazine Awarded for General Excellence
New York Magazine Takes Home Digital Ellie for General Excellence: Today’s MPA Digital: Swipe Conference closed with the National Magazine Awards for Digital Media 2012. New York magazine took home two Ellies: one for the esteemed General Excellence category, as well as for best website.
Forbes to Work with comScore
Forbes to Verify Digital Ads Are Actually Seen: The edge that digital advertising has always had over print is its measurement and accountability. Forbes is partnering with comScore to use its Validated Campaign Essentials product to provide "viewable impression measurement" for all of its digital ads. In other words, Forbes will be able to tell its advertisers that an ad impression was actually seen.
ABC Takes Steps in Digital Reporting
ABC Readies Digital Reporting Changes to Its Publisher’s Statement: The ABC board of directors has taken a significant step toward formally approving a number of changes to its digital reporting rules, including the implementation of a new Publisher’s Statement prototype that will include key activity metrics for digital editions.
RBI Publisher Launches New Title
Former RBI Publisher Launches New Restaurant Magazine: Zoomba Group—publisher of former Reed Business Information title Foodservice Equipment & Supplies (FE&S)—is set to launch a new magazine this month, called Restaurant Development & Design.
HP Announces Realignment
HP Announces Organizational Realignment: HP today announced an organizational realignment.
As part of this realignment, HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group led by Todd Bradley.
Vyomesh Joshi, executive vice president of IPG, is retiring.
As part of this realignment, HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group led by Todd Bradley.
Vyomesh Joshi, executive vice president of IPG, is retiring.
USPS Launching Every Door Direct Mail
USPS Launching Ad Campaign to Promote Every Door Direct Mail: WASHINGTON, DC—March 20, 2012—The U.S. Postal Service unveiled a new integrated marketing campaign to promote easy-to-use and affordable direct mail and shipping services to America’s small businesses.
TC Transcontinental Closing Two Plants
TC Transcontinental Rationalizing Some of Its Printing Network Assets: In the wake of its acquisition of the shares of Quad/Graphics Canada being finalized, Transcontinental Inc. announced that it will be reorganizing its print operations across Canada. To stay competitive and maximize the use of its most productive equipment, the printer is rationalizing some of its assets.
MC Sports Names Vertis
Vertis Lands Exclusive Advertising Inserts Contract from MC Sports: Vertis Communications, a results-driven marketing communications company, announced that MC Sports named the company its exclusive print and logistics provider of high-quality advertising inserts.
Kodak's Extends OPS Agreement
Kodak's Web-to-Print Global Reseller Agreement with Online Print Solutions: Kodak has expanded a reseller agreement with Online Print Solutions (OPS) from covering customers in North America to a global relationship.
Tuesday, March 20, 2012
St. Marys Paper Has Buyer
St. Marys Paper has a purchaser:
Ernst & Young Inc., the receivers for St. Marys Paper, have requested a court hearing on March 22 in Toronto to seek the court’s approval for the sale of the mill. The purchaser is 2319839 Ontario Inc.
As part of the purchase agreement, the purchaser is requesting that the receiver terminate the employment of all St. Marys Paper employees.
Ernst & Young Inc., the receivers for St. Marys Paper, have requested a court hearing on March 22 in Toronto to seek the court’s approval for the sale of the mill. The purchaser is 2319839 Ontario Inc.
As part of the purchase agreement, the purchaser is requesting that the receiver terminate the employment of all St. Marys Paper employees.
TSX Approves Fibrek/Mercer Proposal
TSX approves Fibrek’s private placement of special warrants to Mercer:
Fibrek Inc. has just announced that the Toronto Stock Exchange (TSX) has determined to accept notice of Fibrek’s private placement of special warrants to Mercer International Inc. and has conditionally approved the listing of the common shares issuable on conversion of the Special Warrants. Completion of the Private Placement is subject to customary conditions.
Fibrek Inc. has just announced that the Toronto Stock Exchange (TSX) has determined to accept notice of Fibrek’s private placement of special warrants to Mercer International Inc. and has conditionally approved the listing of the common shares issuable on conversion of the Special Warrants. Completion of the Private Placement is subject to customary conditions.
Stora Enso to Invest 1.6 b Euros in China
UPDATE 2-Stora Enso to invest 1.6 bln euros in new China mill:
Finnish paper company Stora Enso plans to invest 1.6 billion euros to build a new mill in China, banking on growth in the Asian market as it faces weakening demand and overcapacity in Europe.
Finnish paper company Stora Enso plans to invest 1.6 billion euros to build a new mill in China, banking on growth in the Asian market as it faces weakening demand and overcapacity in Europe.
IP; One of the World's Most Ethical Company
International Paper's Sixth Year as One of the World's Most Ethical Company: For the sixth straight year, International Paper was named as one of the World’s Most Ethical Companies by The Ethisphere Institute.
Ocado Launches "Shop"
Ocado rebrands customer magazine: Ocado has relaunched its customer magazine Ocado Life and renamed it Shop, with the first issue due to be distributed this week.
manroland web Opens Operation in NA
manroland web systems GmbH Opens New Operation in North America: —manroland web systems, the U.S. sales and service organization for manroland web systems GmbH (Augsburg, Germany), was founded this past week and came into existence on March 16. The new company is located in Westmont, IL.
Sandy Alexander Becomes SGP Certified
Sandy Alexander Wide & Grand Format Division Becomes SGP Certified: Sandy Alexander announced today that they have received the Sustainable Green Printing Partnership (SGP) certification.
Monday, March 19, 2012
NA Coated Paper Ships Up, Demand Down
February North American coated mechanical shipments, as reported by PPPC, was up 2.7% in February as compared to the same month last year. Demand was down -2.9%, imports declined -15.6% and the operating rate was 92%. February coated woodfree shipments rose 1.4%, demand fell -1.2%, imports were down -11.4% and the operating rate was 87%.
Catalyst Secures Labor Agreements
http://www.catalystpaper.com/media/news
Catalyst Paper reached new labour agreements with unions representing more than 1,000 paper and pulp workers at the company’s Crofton, Port Alberni and Powell River mills. The new contracts will go into effect at the expiry of the current contract on April 30, 2012.
Resolute to Appeal Fibrek Decision
Resolute wins permission to appeal:
The Québec Court of Appeal has granted AbitibiBowater Inc. (doing business as Resolute Forest Products) permission to appeal the Court of Québec’s decision rendered on March 9, 2012.
The Québec Court of Appeal has granted AbitibiBowater Inc. (doing business as Resolute Forest Products) permission to appeal the Court of Québec’s decision rendered on March 9, 2012.
Stora Enso Makes Changes
Stora Enso is appointing three new members to its Group Executive Team,Karl-Henrik Sundström, who has been appointed CFO. At the same time three current members will leave the team to take
new positions inside and outside the Company.
Wyndeham Group Renews Condé Nast Britain Contract
Wyndeham Group Renews Three-Year Contract with Condé Nast Britain: Wyndeham Group announces it has renewed its printing contract with Condé Nast Britain, to cover the next three years.
The new deal encompasses the printing and binding of Condé Nast’s market leading consumer magazines.
The new deal encompasses the printing and binding of Condé Nast’s market leading consumer magazines.
40% of Display Ads Miss Target
High Proportion of Display Ads Not Seen by Intended Audience: A review of user engagement with display ads finds that that nearly 40% of these ads are not seen by their intended audience.
37% B-toB Marketers Not Measuring Results
Study: Marketers falling short in campaign metrics: Almost 37% of b-to-b marketers don't track revenue generated by their campaigns, with many citing lack of time or resources to create reports, according to a study by marketing automation company Pardot.
UPS Buys TNT Express
UPS acquires TNT Express: UPS has reached an agreement to acquire Dutch-based international delivery services company TNT Express, said UPS director of global media services Norman Black. TNT Express's major shareholders have agreed on UPS's all-cash offer at $6.8 billion.
Newspaper Ads Fall 6th Consecutive Year
U.S. newspaper ad revenue drops for sixth straight year: Total newspaper advertising revenue in the U.S. suffered its sixth straight yearly decline last year, according to data released by the Newspaper Association of America.
Friday, March 16, 2012
Canfor Follows Domtar on NBSK
Canfor Pulp announced to US and Asian customers that it will increase northern bleached softwood kraft (NBSK) pulp prices by $30/tonne, effective April 1 until further notice.
NewPage Port Hawkesbury Gets Funding
Darrell Dexter, the Premier of Nova Scotia, is in Port Hawkesbury at this hour, making a funding announcement for the idled Port Hawkesbury Supercalendered paper mill. It includes a total of $14.8 in funding. $5.8 million of the total will be used to maintain the mill’s hot idle until a sale of the mill to Pacific West Commercial Corp. is complete.
Cataloguers' Take on USPS Plan
http://www.retailonlineintegration.com/article/catalogers-offer-mixed-reactions-to-usps-5-year-profitability-plan/1
Catalogers were hopeful yet still cautious regarding the proposals laid out in the U.S. Postal Service's five-year business plan, which was presented by Postmaster General and CEO Patrick Donahoe
Group Publisher Leaves American Media
http://www.adweek.com/print/138945
Diane Newman, who had people buzzing over her weeks-long absence from tabloid and fitness publisher American Media, has now left the company.
Print Media Still Favorite
Print Media Still Preferred by Execs for Biz & Trade Info: The majority of surveyed global senior executives continue to read business and trade information in printed formats.
Thursday, March 15, 2012
Domtar Raises NA NBSK Price
Domtar informed North American customers today that it will increase prices on northern bleached softwood kraft by $30/tonne, effective April 1.
Smart Paper Hamilton Mill Bought
http://www.oxfordpress.com/news/city-agrees-to-buy-smart-paper-complex-1343893.html
The city of Hamilton, Ohio will use taxpayer money to purchase the 42.9-acre SMART Paper complex in hopes of attracting another paper manufacturer, keeping valuable jobs in the area, officials said.
Law Keeps Duties on Chinese Coated Paper
NewPage Applauds Bill Passed That Will Apply Tariffs to China: President Obama signed the legislation passed by the U.S. House and Senate that will allow the Department of Commerce to continue to apply the countervailing duty law to non-market economy countries like China. This legislation will preserve intact the countervailing duty order in place covering coated paper.
Direct Mail Delivers Strongest ROI
Direct Mail Delivers Strongest ROI for B2C: Direct mail is the channel cited most by B2C direct response marketers as delivering the strongest ROI for customer contact, retention, and acquisition, according to a Target Marketing survey.
DMA Reports Q4 Growth
DMA: Marketers report growth in 2011 Q4: U.S. marketers reported positive results in both revenue and profits in the fourth quarter of 2011, according to a report from the Direct Marketing Association.
Conde Nast Offers Metrics for Digital
Conde Nast to Issue Ten-Week Digital Edition Readership Metrics: While tablet editions clearly present a bright opportunity for magazine publishers and their advertisers alike, the value has been difficult to quantify. Now, Conde Nast will begin to offer its advertisers readership reports on a 10-week cycle, as first reported by Ad Age.
Wednesday, March 14, 2012
NA Ad Spending Forecast Up
North American advertising spend to increase in 2012: North American advertising spend is projected to increase 3.6% to $171 billion in 2012, said Jonathan Barnard, head of publications at ZenithOptimedia.
Encyclopedia Britannica Ends Print Version
Encyclopedia Britannica to Stop Printing Books: Encyclopedia Britannica will cease production of its iconic multi-volume book sets after 244 years. Britannica usually prints a new set of the tomes every two years, but 2010's 32-volume set will be its last. Instead, the company will focus solely on its digital encyclopedia and education tools.
Tuesday, March 13, 2012
NewPage Reports 2011 Results
http://investors.newpagecorp.com/index.php?s=43&item=211
Net sales for 2011 were $3,502 million compared to $3,596 million for 2010, a decrease of $94 million or 3%. Net sales were affected primarily by higher paper prices, more than offset by lower sales volume. Net income (loss) was $(524) million in 2011 compared to $(693) million in 2010.
Strong Support for UFS Price Increase
Suppliers accounting for more than 80% of North American uncoated freesheet (UFS) paper capacity have set $30-60/ton price increases mainly on offset rolls and envelope paper effective in April.
AF&PA Reports February P&W Shipments
According to the American Forest & Paper Association's February 2012 Printing-Writing Preliminary Shipments Report, total printing-writing paper shipments increased 2% in February compared to February 2011. Coated mechanical paper shipments increased the most out of the four grades, up 4% compared to last February.
2011 U.S. Ad Spending Up 0.8%
U.S. ad spending increased 0.8% in 2011: Advertising spending in the U.S. totaled $144.0 billion last year, an increase of 0.8% over the previous year, according to data released by Kantar Media. Ad spending declined in the fourth quarter, dipping 1.0%, Kantar said.
The Return of Collier's
Collier’s Attempts Comeback: Despite a perilous publishing environment, John Elduff purchased shuttered print property Collier’s Magazine at an auction two years ago. The magazine returned with a February/March 2012 edition.
Transcontinental Reports Q1 Results
Transcontinental Releases First Quarter Results: MONTREAL—March 13, 2012—Transcontinental’s Inc. revenues decreased by four percent in the first quarter, from $514.8 million to $495.9 million.
Flint Announces Price Increase
Flint Group Raises Prices on Coldset Black Inks: Flint Group North America has announced a price increase on black coldset inks, effective April 1, 2012, subject to existing contracts. Prices will increase by US$0.04 per pound (CAD$0.09 per kilo) for black coldset inks used to print newspapers, directories, books and web-coldset commercial applications.
CMOs See Rebound
CMOs: U.S. Economy on the Rebound: Chief marketing officers are overwhelmingly optimistic about the U.S. economy's outlook with the optimists outweighing the pessimists 8 to 1.
Monday, March 12, 2012
Fibrek/Resolute Forest Product Update
The Court of Québec has overturned on appeal the decision of the Bureau de décision et de révision (Québec) granting an order to cease trade the proposed private placement of 32,320,000 special warrants to purchase common shares of Fibrek Inc. to Mercer International Inc. further to an application filed by AbitibiBowater Inc.
Meanwhile, AbitibiBowater Inc., doing business as Resolute Forest Products, has announced that it has applied for leave to appeal the Court of Québec’s decision reversing the cease trade order on Fibrek Inc.’s private placement. Resolute has extended its offer date to March 19.
Catalyst Paper Reports Agreement
Catalyst Paper enters into Restructuring and Support Agreement:
Catalyst Paper Corporation has announced that the company has entered into an agreement with certain holders of its 11% senior secured notes due 2016 (Senior Secured Notes) and 7 3/8% senior notes due 2014 (Senior Notes) with respect to a plan of arrangement under the Companies’ Creditors Arrangement Act (CCAA).
Catalyst Paper Corporation has announced that the company has entered into an agreement with certain holders of its 11% senior secured notes due 2016 (Senior Secured Notes) and 7 3/8% senior notes due 2014 (Senior Notes) with respect to a plan of arrangement under the Companies’ Creditors Arrangement Act (CCAA).
Flint Group Lends Insight on Costs
Flint Group provides insight into expected raw material cost: “There is a misplaced view that raw material costs for the graphic art industry are coming down” says Jan Paul van der Velde, SVP Procurement of Flint Group. Jan Paul continues: “The reality is that, with the exception of Gum Rosin which dropped a bit in Q4 and Q1 but is now already on the way back up, hardly any materials dropped significantly in price.
Manroland Web Systems Buys UK Business
Manroland Web Systems acquires Manroland's UK web business: Possehl-owned Manroland Web Systems has acquired the Manroland GB web business out of administration.
Friday, March 9, 2012
Sappi NA Makes Leadership Changes
http://www.paperage.com/2012news/03_09_2012sappi_na_leadership.html
Sappi Fine Paper North America today announced several changes in responsibility amongst its leadership team. Jennifer Miller has been named Executive Vice President - Coated Business and Chief Sustainability Officer. Annette Luchene, Vice President and Chief Financial Officer, will assume responsibility for the company's Lean Six Sigma program. Deece Hannigan, formerly Vice President - Fiber Resources, has been named Vice President - Procurement and Fiber Resources.
NewPage Still Confident of Future
Officials from NewPage on Wednesday said while the company has faced some tough decisions in the past few years, they believe the company will be a major part of Stevens Point area for years to come.
Stora Enso Taking Downtime
Stora Enso will take downtime at its Oulu coated woodfree mill in Finland in early April. Production will stop the 580,000 tonne/yr PM 6 from April 3-9, and on the 505,000 tonne/yr PM 7 on April 6-11.
Cenveo's Cadmus Closing
The historic Cadmus Communications printing plant, in Wilson, PA will close in two months, putting about 200 people out of work and highlighting the ongoing difficulties in the commercial printing market. Cadmus is owned by the Stamford, Conn. printing company Cenveo.
The New Republic Sold
The New Republic Sold to Facebook Co-Founder:
The New Republic has been sold again. Facebook co-founder Chris Hughes has taken a majority stake in the almost 100-year-old magazine, reports the New York Times' Media Decoder.
The New Republic has been sold again. Facebook co-founder Chris Hughes has taken a majority stake in the almost 100-year-old magazine, reports the New York Times' Media Decoder.
Websites & Subscription Fees
R.R. Donnelley & Sons Co.'s Press+ released statistics highlighting growth in the efforts of media websites to begin charging for content. The average monthly price for digital-only users is $6.50 per month. For print subscribers, the average monthly price for digital access is $2.
Thursday, March 8, 2012
Time Hires Bain, Two Exec.s Leaving
http://adage.com/print/233200
Time Inc., which publishes magazines from People to Sports Illustrated, has hired consultant Bain & Co. to help it find ways to grow. Two top executives are also leaving Time Inc.: Steve Sachs, the exec VP in charge of consumer marketing, and Chief Marketing Officer Stephanie George.
Still Working on Sale of St. Mary's
A sales process to find a new buyer or sell off assets for bankrupt St. Marys Paper is still underway although the final closing date to finalize the process passed by on Friday, March 2.
Alex Morrison, court appointed receiver for Ernst and Young said from Toronto Monday: “All I can tell you is we are still involved with the sales process..."
Appleton CEO on Cut Backs
The United Steelworkers can't "veto" a paper-supply agreement between Appleton and Domtar, a pact that will allow Appleton to cut 330 jobs from its West Carrollton mill, Appleton executives told industry analysts in a conference call Tuesday.
Quad/Graphics to Close Plant
Quad/Graphics to Close Its Plant in Jonesboro, AR: Quad/Graphics Inc. announced it will cease production at its Jonesboro, AR, facility in the fourth quarter 2012 as it continues to consolidate work onto its most efficient and competitive manufacturing platforms. The plant encompasses approximately 600,000 square feet and currently employs approximately 600 people.
Senator Critical of PRC
Regulators Criticized Over Review of USPS Network Cutbacks: Tom Carper, the Senator for Delaware and a leading voice in Congress pushing for major postal reforms, said that it was “unclear” why the Postal Regulatory Commission was expecting to take until this summer to produce its advisory opinion on USPS downsizing plans. Carper said if the Commission cannot produce even preliminary findings by May, it could find itself sidelined as USPS looks to begin plant closures as soon as possible.
Wednesday, March 7, 2012
Verso Reports 2011 & Q4 Results
http://www.versopaper.com/
Verso reported net sales for 2011 were up 7.3% to $1.7 billion versus $1.6 billion for 2010. Approximately $83 million in "special item" costs, such as costs related to the shutting down of three paper machines, debt refinancing and goodwill impairments, were tacked on to a pre-item loss of about $54 million. New product development costs were about $5 million for the year. In all, Verso recorded a net loss of $137 million.
H2 11 Decline for Global Pulp Price
global pulp price plummets 20%: Wood Resource Quarterly (WRQ) has said that global pulp price fell by around 20% in the second half of last year.
Magazines & Creative Use of Personalization
Trying to answer the digital era's increasing demands for personalization, magazines are pushing further into ads that address readers individually.
The March issue of Harper's Bazaar, for example, arrived at 300,000 subscribers' homes accompanied by a full-page flier greeting subscribers by name and urging them to visit specific Neiman Marcus stores within 50 miles.
January Commercial Printing Ships Fall
January US Commercial Printing Shipments Down -2.4% Compared to 2011 (Economics & Research Center):
The year started with a mild thud in January, with current dollar printing shipments at $6.4 billion, down -$160 million, or -2.4% compared to the prior year.
The year started with a mild thud in January, with current dollar printing shipments at $6.4 billion, down -$160 million, or -2.4% compared to the prior year.
Top Magazine Industry Deals
The Top Magazine Industry Deals of 2011: While not a blockbuster year for magazine media M&A, 2011 did have its share of big deals, as well as some that clearly signaled where publishers were placing their bets on future revenues. Hearst’s purchase of the Hachette brands was the biggest strictly magazine deal of the year.
Hearst Completes Acqusition
Lagardere SCA’s Magazine Portfolio: Hearst Corp. finally completed its $919 million acquisition of Lagerdere SCA’s nearly 100 magazines outside the French market in December 2011 when it closed on its deal to buy the Hachette China operations. The full transaction, which had been undergoing regulatory approval in 15 different countries, was initiated in late 2010.
Bloomberg Businessweek’s Site Redesign
Behind Bloomberg Businessweek’s Site Redesign: After relaunching its print product two years ago, Bloomberg Businessweek recently debuted a redesigned website to reflect the changes readers are seeing in print.
J.C. Penney Invests in MSLO
16 Percent Stake In MSLO: After initiating a search for investors and potential partners with Blackstone Advisory Partners in May 2011, Martha Stewart Living Omnimedia announced that retailer J.C. Penney invested $38.5 million in the multi-brand company, and will hold a 16.6% stake.
Bonnier Buys Hunting Expos
Hunting Expos: Bonnier Corporation, publisher of magazines including Field & Stream and Outdoor Life, purchased four hunting expos from Mequon, Wisconsin-based Target Communications for an undisclosed sum.
Tuesday, March 6, 2012
More Producers Announce UFS Price Increases
NewPage, Boise, Glatfelter and Finch have announced price increases for uncoated freesheet. Domtar and International Paper had previously reported price increases affecting the same grade. The changes, which vary from producer to producer, are characterized by an jump of $3.00/cwt for offset rolls and $1.50/cwt for sheets and return card and are effective with shipments on and after April 1.
Appleton Reports 2011 Results
http://www.paperage.com/2012news/03_06_2012appleton_earnings.html
| Appleton's 2011 net sales of $857.3 million increased 0.9% compared to 2010 net sales of $849.9 million. Appleton reported 2011 operating income of $36.1 million compared to $37.0 million during 2010. |
2011 Chinese Pulp Imports Up 26.2%, RCP 12%
Pulp imports for 2011 totaled some 14.340 million tonnes, a jump of +26.2% from the previous year. 2011 BSK imports rose +45.9%. China's total pulp imports fell -16.7% in January as compared to the same month last year and BSK pulp imports were down -21.8%.
2011 RCP imports totaled around 27.280 million tonnes last year, up +12.0% from 2010. China's total recovered paper (RCP) imports declined -25% for January as compared to the same month in 2011.
Hearst Digital Media Picks Sprout
Hearst Digital Media taps Sprout to bolster mobile ads: Hearst Digital Media, a unit of Hearst Magazines, has tapped mobile brand-advertising platform Sprout, Laura Schooling, Hearst Digital Media's executive director of marketing services, confirmed.
Study: Newspaper Digital/Print Ads
Study: Newspapers lose $7 in print advertising for every $1 gained in digital revenue: Newspapers lose $7 in print advertising for every $1 they gain in digital advertising, according to a study conducted by the Pew Research Centers Project for Excellence in Journalism.
Quebecor, CBC Settle Dispute
Deal ends Quebecor, CBC dispute:
In an agreement announced Monday, the public broadcaster will now buy advertising in Quebecor media outlets, such as the Sun newspaper chain and the Journal de Montreal.
In an agreement announced Monday, the public broadcaster will now buy advertising in Quebecor media outlets, such as the Sun newspaper chain and the Journal de Montreal.
Monday, March 5, 2012
IP Announces Price Jump
International Paper has informed customers that it is increasing the price of Williamsburg offset rolls, Williamsburg Return Postcard rolls, Accent Opaque rolls and Springhill offset colors in rolls and sheets by $3.00/cwt, effective with April 2 shipments. The cost of Williamsburg offset sheets, Williamsburg Retrurn Postcard sheets and Accent Opaque sheets will go up $1.50/cwt on the same date.
Domtar Increases UFS Price
http://www.paperage.com/2012news/03_05_2012domtar_ufs_price.html
Paperage is reporting a March 2 announcement by Domtar that it is increasing their price for uncoated freesheet offset rolls by $60 per ton, effective April 1. There is no change to cutsize pricing
Changes at Sappi's Cloquet
For 113 years, there’s been a mill in Cloquet making pulp for use in paper mills — but not much longer. The mill isn’t going anywhere and still will be making paper, and it still will be turning trees into pulp. But the pulp made by Sappi Fine Paper in the future will be made into clothing and baby wipes.
Resolute’s Thunder Bay Mill Adding Workers
General Manager of Resolute’s Thunder Bay mill promises 300 jobs:
Doug Murray, general manager Resolute Forest Products in Thunder Bay, Ontario said he is expecting to hire at least 300 skilled trades-people in the coming years.
Doug Murray, general manager Resolute Forest Products in Thunder Bay, Ontario said he is expecting to hire at least 300 skilled trades-people in the coming years.
ALM Names President and CEO
ALM Hires Bill Carter As New President and CEO:
ALM has found its new president and CEO in Bill Carter, who replaces the departing William Pollak and who was most recently senior vice president of Thomson Reuters' Small Law Business Unit. Carter officially starts with the company today.
ALM has found its new president and CEO in Bill Carter, who replaces the departing William Pollak and who was most recently senior vice president of Thomson Reuters' Small Law Business Unit. Carter officially starts with the company today.
Comag Sold to Jim Pattison Group
How the Sale of Comag Might Impact the Newsstand Supply Chain: Comag Marketing Group, the national magazine distributor jointly owned by Hearst and Condé Nast, has been sold to the Jim Pattison Group.
Heidelberg Installs Speedmaster XL 105
Heidelberg Installs Speedmaster XL 105 in Its North American Print and Publishing Technology Center: Commercial and packaging printers looking to evaluate the very latest in sheetfed offset technology need look no further than Heidelberg USA’s North American Print and Packaging Technology Center.
Kodak Partners with Graphic Innovators
Kodak Partners with Graphic Innovators on Hybrid-Printing Solutions: ROCHESTER, NY—March 2, 2012—Kodak and Graphic Innovators are partnering to provide customers with new opportunities to expand their offerings using hybrid inkjet printing.
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