Separately, Verso, NewPage and Sappi also announced coated paper price increases.
Thursday, April 12, 2012
West Linn Latest to Raise Coated Prices
West Linn Paper became the fourth North American coated papermaker to announce a coated freesheet (CFS) price increase in the past week with a $30/ton ($1.50/cwt) hike on orders shipping on or after May 29.
Resolute Takes 46.8% of Fibrek
http://resolutefp.mediaroom.com/index.php?s=28238&item=126821
AbitibiBowater Inc., doing business as Resolute Forest Products, today announced that all applicable conditions to its offer for Fibrek Inc. have been satisfied and that it has taken up and accepted for payment the 60,831,859 shares deposited as of 11:59 p.m. on April 11. The tendered shares represent approximately 46.8% of the currently outstanding Fibrek shares.
AbitibiBowater Inc., doing business as Resolute Forest Products, today announced that all applicable conditions to its offer for Fibrek Inc. have been satisfied and that it has taken up and accepted for payment the 60,831,859 shares deposited as of 11:59 p.m. on April 11. The tendered shares represent approximately 46.8% of the currently outstanding Fibrek shares.
Brookfield to Sell Twin Rivers
http://bangordailynews.com/2012/04/11/business/brookfield-trying-to-sell-interest-in-madawaska-paper-mill/?ref=mostReadBoxBusiness
Brookfield Asset Management confirmed Wednesday that it is looking for a buyer for its 51 percent share in Twin Rivers, which employs approximately 1,200 at its paper operations in Madawaska and Edmundston, New Brunswick, and at a sawmill in Plaster Rock, New Brunswick.
Communications Industry Spending Up
Communications Industry Spending to Beat GDP Growth in 2012: The overall U.S. communications industry is projected to grow another 5.6 percent in 2012, reaching almost $1.2 trillion and beating GDP's 4.4 percent growth, says a new report from private equity firm Veronis Suhler Stevenson.
Condé Nast Buys ZipList
Condé Nast Buys Digital Recipe and Shopping Service ZipList: Condé Nast has acquired the digital food shopping and recipe organizer service ZipList. While the deal is not sizeable, All Things D reports the sale price at around $14 million, the technology can easily integrate with Condé's food titles allowing deeper engagement with the content.
Quad/Graphics/Wired Produce NFC Ad
Quad/Graphics, Wired pioneer high-tech magazine ad:
Quad/Graphics Inc. and Wired magazine said they have collaborated to produce the first mass-produced, "near field communication" U.S. magazine ad. Wired’s April issue features an ad with a near field communication (NFC) tag that launches a mobile site when tapped by an NFC-enabled Android smartphone.
Quad/Graphics Inc. and Wired magazine said they have collaborated to produce the first mass-produced, "near field communication" U.S. magazine ad. Wired’s April issue features an ad with a near field communication (NFC) tag that launches a mobile site when tapped by an NFC-enabled Android smartphone.
Email Deliverability Declines
Email Deliverability Experiences Historic Decline in Second Half of 2011: A recent analysis of inbox placement rates of marketing messages show sharp deliverability rates in the second half of 2011. According to Global Email Deliverability Benchmark report, for the first time in three years, there has been a major global decline of 6% in the second half of 2011 bringing inbox placement rates to a record low of 76.5% globally, compared to 81% in the first half of 2011.
Wednesday, April 11, 2012
Sappi Announces Coated Increase
Sappi Fine Paper North America informed North American customers today that it plans to increase the price of its coated freesheet (CFS) products by $30/ton, effective with deliveries on or after June 1. Separately, NewPage and Verso had announced coated paper (and, for Verso, SC) increases to be effective May 1.
Port Hawkesbury Union to Vote Thursday
Contract proposal on the table in Port Hawkesbury, NS:
After 16 days of meetings between Stern Partners (Pacific West Commercial Corp.) and the CEP representing the workers of the former NewPage Port Hawkesbury mill, a contract proposal is on the table.
After 16 days of meetings between Stern Partners (Pacific West Commercial Corp.) and the CEP representing the workers of the former NewPage Port Hawkesbury mill, a contract proposal is on the table.
Mercer Increases Bid for Fibrek
Mercer increases its bid for Fibrek:
Mercer International Inc. has increased its offer for Fibrek and is now offering to purchase all of the issued and outstanding common shares of Fibrek for $1.30 (up from $1.40).
The increased consideration represents a 40% premium over the unsolicited insider bid made by AbitibiBowater Inc. (doing business as Resolute Forest Products).
Fibrek Inc. had announced that the Supreme Court of Canada has granted Fibrek’s request to expedite the application for permission to appeal the Québec Court of Appeal’s decision to maintain the cease trade order of the proposed private placement of 32,320,000 special warrants to purchase common shares of Fibrek to Mercer International Inc.
3 Publishers Settle, Justice Dept & 2 More Continue Apple Suit
The U.S. hit Apple Inc. and five of the nation's largest publishers with an antitrust lawsuit over the fast-growing e-book market, alleging they conspired to raise prices and block Amazon.com Inc. from selling e-books at $9.99.
Three of the publishers settled the U.S. suit and agreed to let Amazon and other retailers set the consumer price of e-books, upending the model that had led the price of many best-selling e-books to rise to $12.99 or $14.99. A separate settlement with states could lead to tens of millions of dollars in restitution to consumers who bought e-books.
Soap Opera Weekly Shuttered
American Media Inc.’s Soap Opera Weekly Folds: American Media Inc.’s Soap Opera Weekly is closing. Initially reported by Adweek, the soap opera rag is shuttering due to a “decline in readership in the soap opera market,” according to an AMI spokesperson.
EatingWell Rate Base Up Again
Meredith’s EatingWell to Up Rate Base Again in 2012: Meredith’s EatingWell magazine will raise its rate base from 500,000 to 600,000, starting with its September/October issue, marking the title’s second rate base boost this year.
Q1 Ad Gains for Forbes, Bloomberg & Fortune
Big 3 business magazines gain ad pages in first quarter: The big three business magazines—Bloomberg Businessweek, Forbes and Fortune—all posted advertising page gains in the first quarter, according to Publishers Information Bureau figures released by MPA.
Q1 Ad Pages Fall
Magazine ad pages fell 8.2% in the first quarter year-over-year, according to new figures from the Publishers Information Bureau. Among magazines' 12 biggest ad categories, 10 bought fewer pages.
Auto ad pages were down 35.8% from first-quarter 2011. Also down were food (17.8%), retail (7.4%), drugs and remedies (7.3%) and direct response (6.6%).
The only two categories to increase magazine ad pages were apparel and accessories, at 6.3%, and toiletries and cosmetics, at 2.5%.
Printing Jobs Down, Ad Agencies & Graphic Design Up
Unemployment Improves as Workers Leave; Printing Employment Shrinks; A Small Business Setback (Economics & Research Center):
What of printing industry employment; Starting with the beginning of the recession, printing employment has declined for 49 of 52 months, falling by -158,800 jobs in that period, about -3,000 per month. March was a -2,800 drop from February. Employment in graphic design and ad agencies is still increasing, based on February’s data.
What of printing industry employment; Starting with the beginning of the recession, printing employment has declined for 49 of 52 months, falling by -158,800 jobs in that period, about -3,000 per month. March was a -2,800 drop from February. Employment in graphic design and ad agencies is still increasing, based on February’s data.
Quebecor Pursues Eco-Friendly Steps
Quebecor Continues Partnership With Jour de la Terre Quebec and...:
Quebecor is taking decisive steps to incorporate eco-friendly principles into its activities, such as a corporate environmental strategy, a sustainable development committee that includes all its subsidiaries, and 70 Green Ambassadors.
Quebecor is taking decisive steps to incorporate eco-friendly principles into its activities, such as a corporate environmental strategy, a sustainable development committee that includes all its subsidiaries, and 70 Green Ambassadors.
Tuesday, April 10, 2012
Catalyst: Stalking Horse Bidder Named
http://www.albernivalleynews.com/news/146681815.html
A group of Catalyst Paper Corp.'s first-lien noteholders (CP Acquisition LLC) will serve as stalking-horse bidder with a $275 million bid for the British Columbia specialty paper and newsprint producer if the company's reorganization efforts fail.
A group of Catalyst Paper Corp.'s first-lien noteholders (CP Acquisition LLC) will serve as stalking-horse bidder with a $275 million bid for the British Columbia specialty paper and newsprint producer if the company's reorganization efforts fail.
Mohawk Changes Name, Plans Future
Mohawk Launches Reinvention Plan, Streamlining Paper Lines: At launch events held in New York over the last three weeks for customers and employees, Mohawk Fine Papers revealed its blueprint to transform its premium paper business to thrive in today’s digital world.
UPM Will Recycle Release Liner
UPM develops adhesive paper recycling technique: Paper manufacturer UPM has developed an in-house solution for recycling paper-based release liner back into pulp.
Time Inc. Study on Response to Media
Time Inc. Measures Consumers' Emotional Response to Media: If publishers think they've been covering the bases with an anytime, anywhere content strategy, they might be shocked to learn the results of a recent Time Inc. study conducted with Innerscope Research. The study, called "A Biometric Day in the Life," measured the emotional responses to various media platforms.
2012 Webby Nominees Announced
Magazine Nods Abound in 2012 Webby Nominees: The 16th annual Webby Awards nominees were announced today by the International Academy of Digital Arts & Sciences.
National Geographic, The New Yorker, The Atlantic, Vanity Fair and WIRED will compete in the Best Magazine category.
National Geographic, The New Yorker, The Atlantic, Vanity Fair and WIRED will compete in the Best Magazine category.
Print Ads Recycled in Tablets
Advertisers Recycle Print Ads for Tablets: With Conde Nast, Hearst and Meredith launching their own digital newsstand in the form of Next Issue Media, it’s clear that magazine publishers are counting on tablets for future growth. But a new report from Kantar Media suggests publishers will need to upgrade ad offerings in tablet editions to fully exploit the new platform.
M&A Activity Down in Q1
Media and marketing M&A activity slides in first quarter: The number of M&A deals in the media and marketing sector slipped to 402 in the first quarter, a decline of 3.8% compared with the year-earlier period, according to Berkery, Noyes & Co.'
Monday, April 9, 2012
Second Mill Announces Price Increase
NewPage announced that it will increase coated freesheet and coated mechanical products by $30-60/ton, effective May 1. The company attributed the move to rising input and transportation costs. Verso had previously announced an increase for both coated and Supercalendered papers.
Battle for Fibrek Continues
Fibrek Inc. ("Fibrek" or the "Company") announced today that Mercer International Inc. ("Mercer") has extended the expiry date of its superior offer to acquire all of the issued and outstanding common shares of Fibrek to April 16, 2012.
NFL Magazine Shuttered
NFL Magazine Is No More: NFL magazine, launched last year, is closing. The April issue will be final issue.
Inc. Names Editor
Schurenberg named editor of 'Inc.': Mansueto Ventures has named Erick Schurenberg the new editor of Inc. Previously the editor of Inc.com, Schurenberg succeeds Jane Berentson, who is now the brand's international editor and will move to London.
Goldstone Returns as Hanley Wood CEO
Peter Goldstone Returns to Hanley Wood As CEO: Hanley Wood's CEO Frank Anton is transitioning into a chairman role, the company announced today. Former Hanley Wood president Peter Goldstone, is returning to the company as CEO.
Bonnier Launches Titles Through Pulse
Bonnier Launches 20 Titles Through Pulse: After a six-month trial run between Popular Science and content aggregation app Pulse scored a subscriber bonanza, Bonnier has decided to launch 19 more titles through it.
Cuts for Quad/Graphics CEO
Reduced Bonuses Lead to Compensation Cut for Quad/Graphics CEO Quadracci: Smaller cash bonus payouts contributed to a drop in overall compensation for Quad/Graphics Inc. chairman, president and CEO Joel Quadracci, according to a new federal regulatory filing. Quadracci’s overall compensation dipped about 25 percent to about $4.2 million in 2011.
CEO Confidence Increases
CEO Confidence Increases: The Conference Board Measure of CEO Confidence, which had improved in the fourth quarter, increased further in the first quarter of 2012. The Measure now reads 63, up from 49 last quarter (a reading of more than 50 points reflects more positive than negative responses).
Thursday, April 5, 2012
Verso Raises Coated & Supercalendered Price
Verso Paper, plans to increase the price of its coated freesheet, coated mechanical and supercalendered papers by $30-60/ton (on all grades, basis weights and finishes), effective May 1.
Fibrek Files for Expedited Process
Fibrek Inc. announced today that it has filed a motion with the Supreme Court of Canada seeking permission for an expedited process to hear both an application for leave to appeal and the appeal itself, if leave is granted, of the Québec Court of Appeal's decision to maintain the cease trade order of the proposed private placement of 32,320,000 special warrants to purchase common shares of Fibrek to Mercer International Inc.
NewPage Names Specialty Papers Managers
| NewPage Corporation has promoted three individuals to new management positions in its specialty papers business. Dawn Soucek has been promoted to Business Innovation Manager for NewPage specialty papers. Sandra Trzebiatowski has been named Commercial Manager, Specialty. Audra Franz has been promoted to NewPage Stevens Point Mill Controller. |
LA City Council Committee Bans Plastic & Paper Bags
The Los Angeles City Council's Energy and Environment Committee today voted to advance an ordinance banning all paper and plastic retail bags in the City of Los Angeles over the course of a year, a move that ironically pushes consumers toward more resource-intensive alternatives.
Mark Daniels, of Hilex Poly, said:
"The proposed policy will have no real impact on litter, instead it will only force residents to purchase less environmentally-friendly alternatives like reusable bags, nearly all of which are not recyclable, are less sanitary, are made in China using foreign oil, and often contain heavy metals."
Ripon Printers Buys Sells Printing
Ripon Printers, a leading printer of catalogs, publications, manuals, and soft-cover educational products, acquired certain business interests and assets of the Sells Printing Co. LLC on March 27, 2012. The combined annual sales of the two companies total approximately $55 million.
Online Retailers Still Waiting for Congress
Online sales tax still tops the agenda for major retailers: Laws have already been enacted in California, New York, Illinois, Connecticut, North Carolina, Arkansas and Rhode Island and legislation is being proposed in Florida, Kansas, Indiana, Michigan and other states. Scott Stanzel, Amazon's head of corporate communications says the company wants Congress to act as quickly as possible “to provide businesses with predictability and consistency.”
February Commercial Printing Shipments
February US Commercial Printing Shipments Flat with 2011 (Economics & Research Center):
February 2012 printing shipments were reported by the Commerce Department as flat with 2011, at $6.358 billion in current US dollars.
February 2012 printing shipments were reported by the Commerce Department as flat with 2011, at $6.358 billion in current US dollars.
Wednesday, April 4, 2012
Verso Completes Tender Offer
http://www.paperage.com/2012news/04_04_2012verso_paper_tender_offer.html
Verso Paper Corp. announced today the completion of the tender offer (the “Tender Offer”) of two of its subsidiaries, Verso Paper Holdings LLC and Verso Paper Inc. (together, the "Issuers") to purchase any and all of the Issuers’ outstanding 11.5% senior secured notes due 2014 (the "Notes").
Catalyst Faces $73.5 Million Shortfall
Catalyst Paper has a $73.5 million deficit in their pension plan:
Catalyst Paper has a $73.5 million shortfall in its pension plan.
Currently, the principal creditors of Catalyst Paper have until April 23 to agree on a restructuring plan. If they can not agree to a restructuring plan, Catalyst Paper will accept an already-negotiated “stalking horse bid” from its secured bondholders to buy the company.
Catalyst Paper has a $73.5 million shortfall in its pension plan.
Currently, the principal creditors of Catalyst Paper have until April 23 to agree on a restructuring plan. If they can not agree to a restructuring plan, Catalyst Paper will accept an already-negotiated “stalking horse bid” from its secured bondholders to buy the company.
Focus Direct Closing Plant
Direct-mail company Focus Direct, part of Market Partners, is closing its San Antonio production facility. Work is being diverted to larger facilities in Iowa and Virginia.
Next Issue Media's New Plan
Next Issue Media Launches Unlimited Digital Mag Access Plan: Next Issue Media has rolled out a new digital newsstand subscription plan and app for tablet magazines that allows customers to pay a flat monthly fee for unlimited access to a collection of, so far, 32 titles from 5 publishers, including Time and Hearst.
Heidelberg Expands Print Offerings
Heidelberg Expands Grand-Format and Cut-Sheet Digital Printing Offerings: Print media service providers today face a dynamic and challenging market characterized by shorter run lengths and customer demand for high-quality, flexible, low-cost solutions.
Publishers' Pinterest Interest
Pinterest: This online pin board is attracting serious attention among publishers as a significant source of traffic and “the next big thing” in social media.
Tuesday, April 3, 2012
72% of U.S. Recovered Paper Exports to China
While US exports of recovered paper declined in January from December by 3%, China's January buying represented almost 72% of total exports, according to figures from the US Dept of Commerce, Bureau of Census.
China in January purchased 1.3 million tonnes of US recovered paper. The total exports for the month was 1.8 million.
India was the No. 2 largest destination for US recovered paper, with 7% of total exports and 121,161 tonnes.
China First in Forest Industry Growth
http://www.deloitte.com/view/en_GX/global/about/index.htm
According to the 2012 Global forest, paper, and packaging sector outlook launched today by Deloitte Touche Tohmatsu Limited's Global Manufacturing Industry group, China is expected to lead the sector in growth for 2012 due to increasing demand in the Asia Pacific region.
For the pulp and paper subsector, forecasts are positive; as such, pulp plants are under construction in Brazil, Chile, Argentina, and Uruguay. Lower production costs, availability of raw material, and shorter growing time for trees are key drivers for the increase in pulp production in South America.
A DMA Win in Sales Tax Battles
http://www.btobonline.com/article/20120403/DIRECT03/304039992/dma-scores-internet-sales-tax-win-in-colorado
A U.S. District Court judge in Colorado has issued an injunction against the state's director of the department of revenue, blocking any enforcement of Colorado's law that requires out-of-state e-commerce businesses to report residents' purchases to the state so that it can collect sales tax.
52 Magazine Launches in 2012
52 Magazine Launches, 12 Closures in Q12012: 2012 started off strong with 52 new titles launched and only 12 folds, according to online database MediaFinder.com.
ASME Announces Finalists
ASME Announces 2012 National Magazine Awards Finalists: The American Society of Magazine Editors (ASME) today announced the finalists for the 2012 National Magazine Awards, known familiarly as the Ellies. With six, New York is tied for most nominations.
Bloomsbury Buys Fairchild
Fairchild Fashion Media Sells Book Division to Bloomsbury: Fairchild Fashion Media, the trade group within Condé Nast that publishes Women's Wear Daily, Style.com and Footwear News, among others, has sold its book division, Fairchild Books, to the U.S. subsidiary of Bloomsbury Publishing Plc for $6.5 million.
QuadDirect Adds Press-Plus
QuadDirect Advances In-line Direct Mail Production with 12-unit, Double-Web Press: QuadDirect, a division of Quad/Graphics, is completing installation of a new “Press-Plus” solution for in-line direct mail production that promises higher response rates and improved ROI.
RRD Invests in Real Valuable
R.R. Donnelley Invests in Maker of iPad App for Catalog Shopping: R. R. Donnelley & Sons announced that it has taken an equity stake in San Francisco-based Real Valuable Corp., maker of the CoffeeTable iPad catalog shopping app.
Egmont Launches New Title
Southernprint to produce new Egmont girls magazine: Egmont has launched a new monthly magazine, Monster High, a brand extension of the successful doll brand that has sold more than 5m dolls worldwide.
Heidelberg Cutting Capacity 15%
Heidelberg to slash 1,500 jobs and cut capacity by 15%: Heidelberg has concluded a consultation with its employees that will see its worldwide headcount slashed by more than 1,500 come 2014.
Monday, April 2, 2012
AF&PA Issues Annual Study
AF&PA Releases Paper, Paperboard, and Pulp Capacity Survey: The American Forest & Paper Association (AF&PA) today released the 52nd Annual Survey of Paper, Paperboard and Pulp Capacity, reporting that U.S. paper and paperboard capacity decline slowed to 1.4% in 2011 to a level of 89.7 million short tons.
More on Resolute/Fibrek
Steelhead will refrain from tendering Fibrek shares to AbitibiBowater:
Following the announcement made on March 31, 2012 by Steelhead Partners, LLC and its affiliates, Fibrek Inc. understands that Steelhead, the second largest shareholder of AbitibiBowater, intends not to tender any of its Fibrek shares to the unsolicited insider bid made by AbitibiBowater Inc. (doing business as Resolute Forest Products) until the minimum tender condition contained in the Abitibi bid has been met.
Following the announcement made on March 31, 2012 by Steelhead Partners, LLC and its affiliates, Fibrek Inc. understands that Steelhead, the second largest shareholder of AbitibiBowater, intends not to tender any of its Fibrek shares to the unsolicited insider bid made by AbitibiBowater Inc. (doing business as Resolute Forest Products) until the minimum tender condition contained in the Abitibi bid has been met.
Resolute Extends Offer for Fibrek
Resolute reduces minimum tender condition and extends its offer for Fibrek:
AbitibiBowater Inc., doing business as Resolute Forest Products, has announced that it has reduced to 59,502,822 shares the minimum tender condition of its offer to acquire all of the issued and outstanding shares of Fibrek Inc.
AbitibiBowater Inc., doing business as Resolute Forest Products, has announced that it has reduced to 59,502,822 shares the minimum tender condition of its offer to acquire all of the issued and outstanding shares of Fibrek Inc.
St. Mary's Sold
http://www.northernontariobusiness.com/Around-the-North/120326/St--Marys-sale-approved.aspx
The sale of shuttered St. Marys Paper, which produced Supercalendered paper, in Sault Ste. Marie has been approved by an Ontario court.
On March 26, authorization was given for the sale to numbered company 2319839 Ontario Inc., which has been described by manager and receiver Ernst & Young as “a consortium of companies including an auctioneer, a real estate development company, a metals recycling company and a forest products company.”
“The receiver understands that the purchaser may potentially seek to redevelop the mill into a biomass facility with a cogeneration plant while liquidating the mill assets,” reads Ernst & Young's report.
NewPage Invests in Mill
NewPage is investing $15.8 million in capital
improvements to its Luke, MD coated freesheet paper mill.
Appleton to Begin Cuts in May
Appleton Papers Inc. will start cutting staff at its West Carrollton plant in May, according to a filing with the state of Ohio.
The Wisconsin papermaker, which said earlier this year it would be ending paper production in West Carrollton and cut 330 jobs, will start the local layoffs on May 20 or within 14 days after that date.
MPA Develops Metrics
MPA announced it has developed voluntary tablet metrics guidelines. Among the guidelines are five metrics: total consumer paid digital issues, total number of tablet readers per issue, total number of sessions per issue, total time spent per reader per issue and average number of sessions per reader per issue.
Hudson News/Comag Deal
Hudson News Takes Minority Stake in Comag: According to several sources, Hudson News president James Cohen is taking a minority stake in Comag Marketing Group. will remain in his position as well.
The deal signals another major shift in the magagzine newsstand supply chain, bringing once disparate players closer together.
The deal signals another major shift in the magagzine newsstand supply chain, bringing once disparate players closer together.
New USPS Option for Direct Mailers
The U.S. Postal Service plans to allow direct mailers to include logos, trademarks, brand images and other kinds of marketing designs in the printed postage information area of their mail pieces.
Postmaster General Lays Out Vision
Postmaster General Lays Out Vision for Mailing Industry at Postal Forum: In a keynote address to open the National Postal Forum, Patrick R. Donahoe, Postmaster General and CEO of the U.S. Postal Service, today discussed the transformative power of technology and innovation in the mailing industry.
Friday, March 30, 2012
Canadian Government Continues Support of Industry
The Forest Products Association of Canada said that it is pleased that the Government of Canada has decided to maintain spending on programs aimed at transforming the forest sector.
The "Jobs and Growth" budget from Minister of Finance, Jim Flaherty, includes $105 million over two years for forestry innovation and market development.
Subscribe to:
Posts (Atom)