Lang wants to give customers the ability to advertise across all 21 of Time Inc.’s magazines, both on the Web and in print, potentially reaching an audience of 127 million people in one fell swoop. That’s a break from the previous strategy, where the company typically suggested doing marketing campaigns via specific brands -- say, the print edition of People or Time.
Monday, September 17, 2012
Time Inc. CEO's New Print/Digital PLan
Lang wants to give customers the ability to advertise across all 21 of Time Inc.’s magazines, both on the Web and in print, potentially reaching an audience of 127 million people in one fell swoop. That’s a break from the previous strategy, where the company typically suggested doing marketing campaigns via specific brands -- say, the print edition of People or Time.
2012 Report: $28 Billion Book Publishers Industry
http://www.heraldonline.com/2012/09/14/4263330/research-and-markets-2012-report.html
The US book publishing industry consists of about 2,800 companies with combined annual revenue of about $28 billion. Major companies include John Wiley & Sons, McGraw-Hill, Pearson, and Scholastic, as well as publishing units of large media companies such as HarperCollins (owned by News Corp); Random House (owned by Bertelsmann); and Simon & Schuster (owned by CBS). The industry is highly concentrated: the top 50 companies generate about 80 percent of revenue.
...The industry is capital-intensive: average annual revenue per worker is about $385,000... Textbooks and adult trade books each account for more than 25 percent of the market, professional books 23 percent, children's books 8 percent, and reference books 6 percent.
About 315,000 new books are published in the US every year, according to Bowker.
RRD to Close Tennessee Plant
RR Donnelley to Close Johnson City (TN) Location, 111 Affected: The Tennessee Department of Labor and Workforce Development says it received notification from RR Donnelley that it will permanently close its facility at 3201 Kimberly Court in Johnson City in early to mid November.
Friday, September 14, 2012
Catalyst Paper Announces Completion of Reorganization
Catalyst Paper announces successful completion of reorganization:
Catalyst Paper has successfully completed its previously announced reorganization pursuant to its Second Amended and Restated Plan of Compromise and Arrangement (the Amended Plan) under the Companies’ Creditors Arrangement Act.
As a result of the reorganization and related transactions, Catalyst reduced its debt by $390 million, eliminated $80 million of accrued interest and reduced annual interest expense and other cash costs by approximately $70 million.
Catalyst Paper has successfully completed its previously announced reorganization pursuant to its Second Amended and Restated Plan of Compromise and Arrangement (the Amended Plan) under the Companies’ Creditors Arrangement Act.
As a result of the reorganization and related transactions, Catalyst reduced its debt by $390 million, eliminated $80 million of accrued interest and reduced annual interest expense and other cash costs by approximately $70 million.
Port Hawk.: Canada Revenue Agency Rejects Tax Deal & Other News
Canada Revenue Agency rejects Pacific West Commercial Corp’s tax deal:
Canada Revenue Agency has rejected the tax deal Pacific West Commercial Corp. had proposed as part of their proposal to purchase the NewPage Port Hawkesbury mill.
The rejected proposal would have allowed Pacific West Commercial Corp. to use $1 billion of accumulated losses by NewPage against its taxes. Also, Nova Scotia Power would become a 30% owner in the mill and get paid in tax free dividends.
Canada Revenue Agency has rejected the tax deal Pacific West Commercial Corp. had proposed as part of their proposal to purchase the NewPage Port Hawkesbury mill.
The rejected proposal would have allowed Pacific West Commercial Corp. to use $1 billion of accumulated losses by NewPage against its taxes. Also, Nova Scotia Power would become a 30% owner in the mill and get paid in tax free dividends.
If the sale of the NewPage Port Hawkesbury mill goes ahead there are no plans to dismantle or sell the mill’s older newsprint machine, even though it will not operate, an official with the company working to buy it says.
Richmond County is appealing a Nova Scotia Supreme Court decision that allowed a bid by the company looking to reopen the NewPage paper mill to cancel its municipal tax deal to go ahead.
The prospective owner of the idled NewPage Port Hawkesbury mill in Cape Breton says the company is looking at options to diversify markets for the mill’s products.
Marc Dube, the restructuring manager for Pacific West Commercial Corp., told the Antigonish Chamber of Commerce on Wednesday that would mean making more than paper from their fibre supply, including extracting sugar, which can also be used in pharmaceuticals and cosmetics.
Voith Paper Settles with Workers' Council
In
conclusion of their discussions about the restructuring measures at Voith
Paper, the chief negotiators of Voith Paper and the relevant Workers' Council
Committees have settled for a reconciliation of interests on September 11,
2012. The company will eliminate 670 jobs in Germany and Austria.
In
May 2012, Voith Paper had announced restructuring measures due to a
structurally induced ongoing decline in sales in the field of graphic paper
machines.
Reader's Digest Returns to 12 Issues a Year
Reader's
Digest is making an unusual move for the magazine industry today: Next year it
will increase its annual frequency from 10 to 12 issues.
Coastal Living & Wayfair in Collaborative Effort
Coastal Living Partners with E-Retailer Wayfair: Along with home-furnishing e-retail giant Wayfair, Coastal Living will now offer a number of products to readers through a collaborative e-commerce effort. The joint site features home décor items that have been curated from both the preexisting Coastal Living Collection and from Wayfair’s larger network, while the companies will share revenues generated from the collaboration.
H1 B-to-B Revenue Up 3.3%
B-to-b media revenue up 3.3% in first half: Total b-to-b media revenue rose 3.3% to $12.49 billion in the first half of the year, compared with the year-earlier period, according to Business Information Network data released by American Business Media.
"People" Launches New Campaign
PEOPLE
magazine, the No. 1 celebrity weekly, announces the magazine industry’s
first-ever fully integrated brand marketing campaign, “People Love PEOPLE,”
which launches nationwide today across broadcast, print, retail, digital and
social media and is scheduled to run throughout 2013.
PennWell Acquires Public Safety Group
PennWell Acquires Public Safety Group from Elsevier:
Tulsa-based PennWell has acquired the Public Safety Group from Elsevier. Included in the deal are the Journal of Emergency Medical Services (JEMS), the EMS Today Conference & Exposition, FireRescue, Law Officer and associated websites, events, blogs and newsletters. Terms of the deal were not released.
Tulsa-based PennWell has acquired the Public Safety Group from Elsevier. Included in the deal are the Journal of Emergency Medical Services (JEMS), the EMS Today Conference & Exposition, FireRescue, Law Officer and associated websites, events, blogs and newsletters. Terms of the deal were not released.
Thursday, September 13, 2012
Sequana Closing 3 Arjowiggins Paper Mills
Sequana
is continuing to deploy its strategy in line with the plan unveiled in July
2012...to bolster
its financial structure. This strategy aims to consolidate the Group's
positions by enhancing its production model to bring capacity into line with
demand and reduce its cost structure...
Consequently,
Arjowiggins has presented the social partners and employees with its plans to
close the Dalum Papir A/S plant in Denmark (graphic papers), the Ivybridge
plant in the UK (papers used for security documents, creative papers) and the
Witcel plant in Argentina (creative papers).
These capacity reductions represent a total of 126,000 tonnes.
These capacity reductions represent a total of 126,000 tonnes.
Ilim to Start 220M UWF PM This Fall
Ilim
Group is at the final stage of installing the 220,000 tonne/yr uncoated
woodfree (UWF) paper PM 7 at its Koryazhma mill in western Russia.
The
firm intends to start trial runs on the PM, which it originally bought from
IP's Inverurie mill in the UK, in November.
In
addition, at the end of Q1, Ilim plans to launch coated woodfree (CWF) paper
production on the offline coating machine, the firm told RISI. The PM
will be able to manufacture up to 70,000 tonnes/yr of CWF paper.
UPM Listed on Dow Jones Sustainability Indexes
UPM only forestry and paper company in the Dow Jones Sustainability Indexes
UPM’s Biofore vision and consistent work on corporate responsibility has gained recognition: UPM has been listed as the only forestry and paper company worldwide in the Dow Jones Sustainability Indexes.
The company has been selected both as a Supersector Leader in Basic Resources sector and Forestry & Paper Sector Leader for 2012-2013 in the Dow Jones Sustainability Index (DJSI). UPM was chosen as an index component for both to the European and World Sustainability Index for 2012-2013.
UPM’s Biofore vision and consistent work on corporate responsibility has gained recognition: UPM has been listed as the only forestry and paper company worldwide in the Dow Jones Sustainability Indexes.
The company has been selected both as a Supersector Leader in Basic Resources sector and Forestry & Paper Sector Leader for 2012-2013 in the Dow Jones Sustainability Index (DJSI). UPM was chosen as an index component for both to the European and World Sustainability Index for 2012-2013.
Source Interlink's SLAM Adds New Outlet
Publisher Shutters Balance of Titles
Edmiston, a former president/CEO of Newsweek turned media investment-banker, said he would discontinue Nomad’s three remaining titles. They are Uncorked, a wine magazine; Snooth Wine Buyers’ Guide, which was distributed to users of the Snooth online wine guide; and Hemmings Classic Wheels, which was created for the eponymous car marketplace.
Meredith Names SIM Editorial Director
USPS Introduces "Second Ounce Free"
http://www.prnewswire.com/news-releases/169424786.html
In today's economy, companies are always searching for new ways to stretch their marketing dollars. This has created a receptive climate among many large businesses for the U.S. Postal Service's recently introduced 2nd Ounce Free pricing.
In today's economy, companies are always searching for new ways to stretch their marketing dollars. This has created a receptive climate among many large businesses for the U.S. Postal Service's recently introduced 2nd Ounce Free pricing.
NYT Union & Management at Odds
This week, union members at The New York Times clashed verbally with management after negotiations went sour, while the new owners of the Philadelphia Media Network, which publishes The Philadelphia Inquirer and Philadelphia Daily News, demanded major cost-cutting concessions from unions representing employees at those papers.
Miles Kimball to Settle Lawsuit
The U.S. Equal Employment Opportunity Commission says Miles Kimball discriminated against a deaf worker.
The EEOC says Laura Nejedlo asked to be trained in sign language for a new software program in 2007, but was turned down.
Elsevier Acquires ExitCare
Elsevier acquires health education company ExitCare: Medical and scientific publisher Elsevier has acquired ExitCare, a provider of patient education and discharge instruction to clinicians for delivery to patients. Financial terms of the deal were not disclosed.
ExitCare will bring to the company print, electronic and video patient-education content and tools, according to Elsevier.
ExitCare will bring to the company print, electronic and video patient-education content and tools, according to Elsevier.
Kodak Partners with On Demand Books and ReaderLink
Kodak, On Demand Books and ReaderLink Join Forces for In-Store Book Printing: Eastman Kodak, On Demand Books, and ReaderLink announced they have partnered to revolutionize the way all types of printed books will be marketed, sold and produced at point of sale. The venture brings On Demand Books’ Espresso Book Machine to national retailers integrated with Kodak Picture Kiosks, giving consumers a full-service, digital-to-print media center for all their custom print needs—from photo books, custom/local self-published titles, to educational supplements, and more.
Difficulties in Measuring Social Media
Companies Report Difficulties Measuring Social Media's Impact: While companies agree that social media is an important marketing tactic, nearly three-quarters say measuring its impact is very difficult and two-thirds report having no clear social media activity objectives.
Wednesday, September 12, 2012
Marubeni Signs Contract to Build Pulp Mill
The
Japanese firm Marubeni is gearing up to build a 1.2 million tonne/yr pulp mill
in the Krasnoyarsk area of Russia, following negotiations between the Japanese
trading firm and the greenfield plant's Russian owner, Angara Paper.
A
contract for Marubeni to build the pulp facility was signed after a trade and
economic relations meeting between Russian president Vladimir Putin and
Japanese prime minister Yoshihiko Noda at the 2012 APEC (Asia-Pacific Economic
Cooperation) conference in Vladivostok, Russia, on September 8.
Judge Refuses to Approve Pacific West Plan
Justice John Murphy declined to give his approval for the plan of compromise and arrangement, saying he disapproved of some of the broad releases for the creditor protection process, such as taking away the rights of “as-yet unidentified parties” to make claims.
China Names Additional Mills on Closure List
The
Chinese government has released a supplementary list of targets in a 1.15
million/tonne capacity closure drive, focusing on old pulp and paper capacity.
This raises the country's closure goal for this year to more than 9.95 million
tonnes/yr.
The
document is a follow-up to the first list, which detailed the shutdown of 8.80
million tonnes/yr of old pulp and paper capacity. It was released by the
Ministry of Industry and Information Technology in July.
SFI Partners with Time, National Geographic & Others
http://www.sfiprogram.org/newsroom/?p=1490
Four
leaders of the North American publishing industry announced today they will
partner with the Sustainable Forestry Initiative (SFI) to help spur the growth
of certification to preserve and protect forests.
Time
Inc., the National Geographic Society, Macmillan, and Pearson will become
Founding Partners of the SFI Forest Partners Program. The alliance was
announced at the SFI annual conference in Milwaukee, attended by foresters,
land owners, conservation groups, First Nations, industry and government
agencies.
Holiday Retail Sales Forecast Positive
Michael Grancis Joins Gap Inc.
Source Interlink Acquires CarDomain
"Marie Claire" Features Video in Print Ad
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