Monday, December 3, 2012

Resolute & NewPage Raise NBHK Prices, NBSK Unchanged

Resolute Forest Products (Resolute) announced to North American customers today that its bleached hardwood kraft (BHK) market pulp prices would increase while northern bleached softwood kraft (NBSK) would be unchanged, effective December 1 until further notice.
NewPage announced to customers today that its northern bleached hardwood kraft (NBHK) pulp price would increase $20/tonne in North America, bringing the number of NBHK producers to recently slate December increases to three.  
Canfor Pulp informed US customers today that its northern bleached softwood kraft (NBSK) pulp price would be unchanged, effective Dec. 1 until further notice, industry contacts told RISI.

PWC: Q3 US & Candian Paper Co.s Earnings

Canadian and U.S. forest and paper products companies reported an overall improvement in net earnings for the third quarter of 2012 compared to the second quarter, with timber, solid wood and packaging/tissue sectors posting generally better results than the pulp and graphic paper manufacturers. Lumber and panel prices were supported through the quarter by the continued improvement in U.S. housing starts. Pulp prices continued to decline through the quarter, but have likely bottomed. European companies’ earnings were down from the second quarter of 2012 reflecting a generally weak European market.

Voith CEO: Still Plenty of Life in Paper

Voith CEO: Still plenty of life in paper: The paper industry globally is about as diverse an industry as you can get - in mature regions there are plummeting grades in the shape of graphic papers that fill most producers with horror - whilst in places like India and China growth rates are into double figures. And then there is packaging, speciality papers and tissue, all grades that are showing healthy growth rates virtually everywhere.

Hearst: Still Bullish on Print

Hearst: Making Headway on Mobile but Still Bullish on Print:
Hearst Magazines has 800,000 paying app customers, and 80 percent of them are new to Hearst brands, making mobile devices, including tablets and smartphones, a major new business for the company—and for the magazine industry, Hearst president David Carey said last week at the Mashable Media Summit. 

Adweek's Hot List Print Winners

Hot" is, of course, relative. We reserve the designation for those media brands and media people thriving despite competition, market forces and that bugaboo of every business: the ever elusive consumer. Across weeks, we studied factors including advertising business, audience numbers, category supremacy, creativity, innovation, industry accolades and social buzz.
Hot List 2012: Print Winners 
Some of the winners:
New York
Start spreading the news. Not only does editor Adam Moss’ New York still kill it week after week in print (eye-catching covers, provocative features), the pub keeps giving consumers more reason to go online, too. This year brought The Cut, the third blog spun off from nymag.com (following the smash culture monitor Vulture and foodie destination Grub Street). While other publishers struggle to monetize their online businesses, New York gets a phenomenal 40 percent of its revenue from digital, up from 20 percent four years ago.
HGTV Magazine (Hearst/Scripps)
Though barely a year old, HGTV Magazine has already built a towering following among both readers and advertisers. Like Hearst/Scripps’ other venture, Food Network Magazine, HGTV was a smash from day one. After selling out its October/November 2011 test issue (demand was so great that more copies had to be printed), the title launched in earnest this past May, shattering its initial rate base of 450,000. HGTV Magazine today averages 275,000 newsstand copies. Two more increases in rate base, to 800,000, are planned for 2013, while frequency will expand to 10 times per year.

Q3 Magazine Sales Details


Among major monthly titles experiencing healthy growth were National Geographic (23.8%), Shape (9.5%), and Consumer Reports (7.0%). (Is it just a coincidence that National Geographic and Consumer Reports have also invested heavily in their web sites? Maybe digital and print are not enemies after all.)
 Sales for the Top 50 publications, which include most of the celebrity weeklies, were down 8.3%. But the next 50 actually increased their sales 7.4%. Nearly one-third of the Top 100 enjoyed increases, according to MagNet.
 Another favorable trend: Less waste. Publishers responded to weakening newsstand sales by distributing 64 million fewer copies than they did a year ago, including a 15.7% reduction for weeklies. But because unit sales did not decline as much as the reduction in draw, the proportion of newsstand copies that were sold increased by nearly 2 percentage points for the weeklies and nearly 1 percentage point for the non-weeklies.

Modest Ad Growth Predicted for 2013

Top forecasters said Monday they expect modest ad-spending growth over the next few years. Predictions were offered by ZenithOptimedia, GroupM and Magna Global at the UBS Global Media & Communications Conference in New York Monday. (See separate story on Magna forecast).
Global ad spending will pick up a little steam in the future, according to Publicis Groupe’s ZenithOptimedia. Spending will climb from 4.1% growth in 2013 for a total of $518 billion to 5.6% growth in 2015, reaching $574 billion.

Sports Illustrated with 3 New Books

http://www.mediapost.com/publications/article/188308/sports-illustrated-debuts-3-new-sports-books.html#axzz2E0asMOC2 
Sports Illustrated is known for both its extensive game coverage and extraordinary photography. To extend the franchise, Sports Illustrated has published three new books that feature: the NFL’s greatest players of all time; the league’s most successful franchise; and an inside look at professional boxing.

Redesign of Glamour.com

Glamour.com Sees Social-Focused Redesign:
In March, Condé Nast’s Glamour magazine reintroduced itself to the world with a redesigned publication. The idea for the redesign, editor-in-chief Cindi Levie told FOLIO: in an interview, came from a need to update the magazine to reflect the desires and personalities of contemporary women.

New Era of Hybrid Media

Edelman’s Rubel: Get Ready for a New Era of Hybrid Media:
If traditional marketers are like zebras, and media companies are like elephants, then the media world of the future will be nearly completely mixed up, creating “zebelephants,” said Steve Rubel, EVP/Global Strategy of Edelman.
Rubel, speaking at the Mashable Media Summit in New York last week, described a world where marketers and media companies have taken on the characteristics of the other, and where media companies, in order to thrive in a new environment, need to embrace the new structure.

New Corp's CEO Resigns

New Corp's chief executive resigns:
Mockridge's resignation was confirmed by News Corp yesterday. Chairman Rupert Murdoch said his "decision to step down is absolutely and entirely his own".After Mockridge was parachuted in by News International following the resignation of Rebekah Brooks, many considered him a likely candidate to lead News Corp's new publishing arm.However, the Wall Street Journal reported that "people familiar with the matter" had said its own managing editor, Robert Thomson, could be named as head of the corporation's publishing arm this week.

Consumers Favor Print & TV Ads to Digital

Consumers Continue to Favor Offline Ads; Most Digital Formats Lose Ground: A new consumer attitude study finds that even in this digital-centric climate, Americans are likely to view offline media ads most favorably -- while most digital formats have experienced a decrease in favorability. The 2012 AdReaction study, focusing on consumer opinions and perceptions of advertising, finds that even in this digital-centric climate, U.S. consumers are likely to view offline media ads most favorably -- with TV viewed in a positive light by 49% of respondents, followed by magazine ads (41%), and newspaper ads (40%).

Friday, November 30, 2012

EURO-GRAPH Reports Coated & SC Ships

EURO-GRAPH reported October European coated mechanical paper shipments rose +0.1%, demand increased +0.1% and exports declined -0.1%, Coated woodfree shipments was up +6%, demand rose +3.2% and exports jumped +20.6%. Supercalendered paper shipments fell -0.9%, demand rose +3.3% and exports declined -17.5%.

NS Legislation to Reduce Port Hawk Taxes

Nova Scotia legislation would reduce Cape Breton mill's municipal tax bill:
An agreement between Richmond County and a paper mill in Port Hawkesbury to reduce the operation's municipal taxes is being written into law by the Nova Scotia government.
Municipal Relations Minister John MacDonell says amendments to the Stora Enso Taxation Act would see taxes paid by the mill remain at $2.6 million for 2012-13, with former owner NewPage and Port Hawkesbury Paper Group Ltd. each paying $1.3 million.
MacDonell says Port Hawkesbury Paper would then pay $1.3 million in taxes for three years, beginning on April 1.
The legislation which was tabled at the request of the municipality, would expire on March 31, 2016.
The tax deal was reached following a court battle between the mill's owner and the municipality.
In a ruling in September, a Nova Scotia Supreme Court judge rejected a bid by the mill to cancel the previous tax deal.

Sappi Increases NBHK Price

Sappi Fine Paper North America informed domestic customers today that its northern bleached hardwood kraft (NBHK) market pulp prices would increase $20/tonne, effective December 1 until further notice.
Sappi's $20/tonne price increase would bring North American list price on NBHK to $755-765/tonne depending on grade.

Arjowiggins Raises European CWF Prices

The situation of continuing rising costs of raw materials, energy and transport has made it necessary for Arjowiggins Graphic to review current price levels, and following this review implement a price increase to help offset the rising costs being incurred.
As a consequence of these adverse conditions that we are facing, we regret that it is unavoidable to announce this price increase for our CWF paper range on both sheets and reels during January 2013.

Fire at FutureMark Mill Contained

The Manistique Public Safety and Volunteer Fire Officers were called to a reported fire at the FutureMark Paper Mill, formerly known as Manistique Papers, Thursday evening at 8:14.
Employees reported that the fire was located in a storage pile of paper bales located outside, adjacent to the building near a clippings shed.

China Single Largest User Illegal Lumber

China, emergent superpower and the world’s second biggest economy, is effectively standing on the sidelines as its exponential growth devastates forests in a trade worth billions of dollars a year.
In the new report Appetite for Destruction: China’s Trade in Illegal Timber, launched today in Beijing, the London-based Environmental Investigation Agency (EIA) reveals that China is now the single largest international consumer of illegal timber, importing wood stolen by organised criminal syndicates on a massive scale.

Brown Printing Signs Deal with National Standard

http://www.bpc.com/
Brown Printing has signed a multi-year agreement to print and distribute The Weekly Standard.
Under the agreement, starting in December 2012, Brown will produce The Standard at its East Greenville facility and distribute the magazine using local and regional entry into the USPS system as well as airfreight to western states, thus enabling faster delivery. The Weekly Standard has subscribers in every state and a paid circulation of approximately 95,000.

Bonnier Shutters Caribbean Travel + Life

Bonnier Shutters Caribbean Travel + Life Magazine and Related TV Show:
Bonnier Corporation’s Caribbean Travel + Life magazine will cease publication beginning next year. Additionally, its Discovery Channel television program will not be revived.

Digital Magazine Readership Up 47%


Magazines’ newsstand sales may be struggling, but there’s a bright spot when it comes to digital readership. Today, GfK MRI released its fall 2012 Survey of the American Consumer, which tracks print and digital magazine readership, and found that magazine readership had increased by 1.6 percent (or nearly 20 million people) to 1.2 billion people since last spring. That was helped by a significant bump in digital consumption: Readership of magazines' digital editions jumped 47 percent, or 4.4 million people, to more than 13.5 million.

Q3 Out-of-Home Ads Up 4.4%

Out-of-home advertising revenues grew 4.4% to over $1.5 billion in the third quarter, up from around $1.4 billion in the same period of 2011, according to the Outdoor Advertising Association of America.
Overall, the media and advertising category increased 6% in the third quarter compared to 2011. The period also saw ample political ad spending, with the government, politics, and organizations segment up 14% compared to the same period in 2011.

The Economist Unbundles Tablet From Print

Time Inc. gives its print subscribers access to tablet and smartphone apps under a strategy it calls "All Access" -- designed in part to shore up print. But it gave up on an attempt to use that more robust package to underpin a price hike at Sports Illustrated from $39 to $48. Rival publishers such as Hearst and Conde Nast, meanwhile, have resolutely sold app subscriptions separately, figuring they're leaving money on the table otherwise.
Now an important independent magazine is leaving the "All Access" camp: The Economist last month stopped bundling app access with all new print subscriptions, charging more to newcomers who want both and introducing a print option that comes without apps.

Latin American Printing Forecast to Grow 4% in 2012

http://whattheythink.com/ 
A study produced by the Graphics of the Americas Expo & Conference (GOA) forecasts a positive state for the print industry in Latin America, a core GOA audience, in 2013.
Produced annually by the Printing Association of Florida, and now in its 38th year, GOA is held February 21-23, 2013, at the Orange County Convention Center in Orlando, Florida.
Based on statistics reported by the International Monetary Fund (IMF), the study reveals that the Latin America printing industry remained positive for most of the last decade, with a projected growth of 4% in 2013. The projected GDP in 2013 for Latin America and the Caribbean is 3.9%.

Thursday, November 29, 2012

Labor Strike Affects CA Ports

A strike that began at the Oakland, CA, port yesterday apparently spread to the port in Long Beach, contacts said today.
"They have basically closed all ports this afternoon in Long Beach," said one California paper trader.
The Southern California port action involved clerical workers, not longshoremen, contacts said.
In Northern California, a trader today said that a contact said that APM Terminals Pier 400 "has been on strike" since yesterday and that "today Yusen (Terminals), Evergreen, Hyundai California United Terminals, (and) China Shipping ... have added to the list."
Also at Oakland, on Nov. 20, Service Employees International union 200 workers disrupted shipping at the port, local media reported.

Port Hawk Pensioners Asked to Pay Co.

NewPage Port Hawkesbury pensioners told to pay back $5 million due to calculation error:
Former workers of NewPage Port Hawkesbury in Nova Scotia were told this week that they have been overpaid and will each have to pay back thousands of dollars.
Morneau Shepell Ltd., the current pension plan administrator, sent out letters to the pensioners telling them how much they will have to pay back, and blamed the calculation error on the previous plan administrator, Aon PLC.
The mistake was made while calculating the early retirement provisions years prior to the idling of the mill in 2011.  About 200 people who opted to take a specific front-loading pension option are the pensioners who are now said to have been overpaid, and owe a collective $5 million. Some people have found out they have been overpaid as much as $60,000.

Graphic Packaging to Buy A&R Carton's Beer and Beverage

Graphic Packaging to acquire A&R Carton's Beer and Beverage Packaging Business in Europe
Graphic Packaging Holding Company recently announced an agreement for one of its subsidiaries to acquire A&R Carton's Beer and Beverage packaging business in Europe. The deal includes two manufacturing facilities that convert approximately 30,000 tons of paperboard annually.

Canadian National Printing Association Announced

Formation of New National Printing Association Formally Announced: PISC and CPIA have formally announced the formation of a new printing association to be called Printing Industries of Canada (PIC). PIC "will serve as the national voice of the industry and will actively support and promote the health and growth of Canada’s printing industry," and will be officially launched in April 2013.

Magazines Continue Tablet Commitment

Magazines Double Down On Tablet Commitment: The magazine industry’s faith in the future of tablets is not easing up, even though advertiser support for digital editions has been slow in coming and these platforms still represent a small fraction of overall distribution for most books.
Leading among group publishers is Hearst, from whom iMonitor counted 89 apps, followed by Time Warner with 84, Conde Nast with 83 and Future Media with 82.

43% of Magazines Have Both Print, Digital Growth

GfK MRI: Over 40 Percent of Magazines Have Concurrent Print, Digital Growth: More than 40 percent of magazines surveyed saw concurrent print and digital audience growth in the fall of 2012, according to the most recent study by GfK MRI.

Next Issue Expands Title Offerings

Next Issue Expands Title Offerings Outside 5 Founding Companies:
Next Issue Media, the company behind the unlimited magazine app Next Issue, is a joint venture formed by five of the largest domestic publishers—Condé Nast, Hearst, Meredith, News Corp. and Time Inc. To offer readers more options, the company announced Thursday that it is expanding its iPad catalog beyond these five companies. The new offerings will include magazines from publishers like Mansueto Ventures, New York Media and American Express Publishing, among others.

BPA Members’ Circulation: Digital Now 21%

Digital Accounts for 21 Percent of BPA Members’ Circulation:
The number of publishers reporting digital copies is growing, new numbers for media-auditing firm BPA Worldwide show. A total of 532 BPA print titles reported digital circulation for the June 2012 cycle—an increase of 6.4 percent when comparing the December 2011 period.

Wired's Puzzel; Only in Print

Wired celebrated its 20th anniversary year in 2012 with a hidden and quite old-school little print puzzle. If you stack the January through December issues with the covers facing up, it reveals a (frankly hard-to-read) quote on the spines that Wired founding editor Louis Rossetto made in the first issue, in 1993: "Our first instruction to our writers: Amaze us." A reader in Riverside, Calif., named Ben Allen was the first to notice the pattern—realizing after the first nine issues that it was spelling out a message. He quickly guessed the complete line with a Google search. The puzzle's makers, Eric Harshbarger and Mike Selinker, were wise to stick with Rossetto's pithy first instruction to writers. His second was: "We know a lot about digital technology, and we are bored with it. Tell us something we've never heard before, in a way we've never seen before. If it challenges our assumptions, so much the better."

Kodak Accepts Improved Credit Facility

Kodak Accepts Improved, $830-Million Credit Facility: Eastman Kodak has received and accepted an offer from the Steering Committee of the Second Lien Noteholders Committee for interim and exit financing totaling $830 million in loans. The commitment is superior to, and therefore replaces, the $793 million commitment announced by the company on Nov. 12.

Folio: People On The Move

People On The Move | 11.29.12:
Source Interlink’s Automobile Magazine has added Todd Lassa as its executive editor and Michael Jordan as senior editor. Lassa joins the magazine from sister publication Motor Trend, where he was Detroit editor. Jordan joins the magazine from Edmunds.com, where he was an executive editor and more...

ARM & UBM Tech Launch Signum

ARM and UBM Tech Launch New Digital Magazine:
ARM, a supplier and architect of digital semiconductor chips, has partnered with UBM Tech to launch the new digital magazine–Signum. The focus of Signum is to combine journalistic content with robust multimedia technology. 

Diversified Business Communications Buys Amazing Charts

Diversified Business Communications Buys Electronic Health Record Provider:
Portland, Maine-based b-to-b media company Diversified Business Communications has acquired Amazing Charts, a provider of electronic health records. The deal is intended to expand Diversified's Pri-Med division and its medical education business. 

Wednesday, November 28, 2012

EURO-GRAPH Reports Oct. Numbers


EURO-GRAPH has reported October European Graphic paper shipments rose +2.4% as compared to the same month last year. Exports increased +5.5% and demand was up +0.9%.

Sappi Cloquet: Union Votes to Authorize Strike

Sappi Fine Paper North America has learned that, in a vote yesterday, the Cloquet Mill employees represented by the United Steelworkers (USW) have authorized their leadership to call a strike if it chooses to do so. "Even though such a vote is not uncommon, and does not mean a strike will occur, we are very disappointed in the membership's action, given our fair and competitive contract package," said Rick Dwyer, Managing Director, Cloquet, Sappi Fine Paper North America.

Catalyst Paper Names Bidder for Snowflake

Catalyst Paper identifies the bidder for its Snowflake mill assets in Arizona.:
Catalyst Paper has accepted a qualified stalking horse bid from MLR Ventures, LLC  as part of the sales process for disposition of the Snowflake facility and Apache Railway.
“We have received a $12.0 million Stalking Horse bid for the assets and land associated with the Snowflake facility and the equity of Apache Railway,” said President and Chief Executive Officer Kevin J. Clarke. “We look forward to beginning the next phase of the sale process and to identifying a qualified buyer in the near term.”

AbitibiBowater Mill Project Dead

A proposal to make pellets at the former AbitibiBowater mill in Grand Falls-Windsor is dead, CBC News has learned.
In May, Natural Resources Minister Jerome Kennedy confirmed that a company was interested in setting up shop at the former mill site.
But the company involved, York Energy, now says the government abruptly cancelled the negotiations and has killed the deal.

Resolute Estimates Fort Frances Idling Costs

Resolute Forest Products’ costs for indefinitely idling kraft mill and paper machine in Fort Frances:
Resolute Forest Products estimates the company will incur a charge of approximately $12 million for severance and other termination benefits, and $5 million in other closure costs resulting from the indefinite idling of the kraft mill and one paper machine in Fort Frances, Ontario.
Total future cash expenditures associated with these items are expected to be approximately $14 million.
Resolute Forest Products also expects to incur approximately $32 million of non-cash asset impairment charges to reduce the carrying value of the assets to their estimated fair value.

NS to Spend $6.3 million to Increase Crown Land

Nova Scotia plans to spend $6.3 million to increase Crown land base:
Nova Scotia is setting aside $6.3 million in its 2013-2014 budget to increase the province’s Crown land base.
Lands purchased will be used to increase coastal access, protect Mi’kmaq values, enhance wildlife conservation, and help the province meet its 12% land protection goal. The $6.3 million dollar investment includes $800 thousand from the Forestry Transition Land Acquisition Program.

Magazine Digital Readership Up 47%

Magazines’ newsstand sales may be struggling, but there’s a bright spot when it comes to digital readership. Today, GfK MRI released its fall 2012 Survey of the American Consumer, which tracks print and digital magazine readership, and found that magazine readership had increased by 1.6 percent (or nearly 20 million people) to 1.2 billion people since last spring. That was helped by a significant bump in digital consumption: Readership of magazines' digital editions jumped 47 percent, or 4.4 million people, to more than 13.5 million.

Time Launches Digital Video Unit

More changes are afoot at Time Inc. following the reshuffling CEO Laura Lang kicked off last summer. Today, in a company-wide memo, Lang announced the launch of a new digital video unit, a recognition that the company's brands need to tap new, potentially lucrative sources of revenue as their traditional print business continues to decline. 
To manage the unit, Lang brought in J.R. McCabe, who was vp, chief video officer at Meredith Corporation.

90% of Doctors Read Journals in Print

http://www.mmm-online.com/print-still-not-dead/article/269366/?DCMP=EMC-MMM_WeeklyDigest&spMailingID=5146624&spUserID=MjMyNDE2NDYwNgS2&spJobID=58987318&spReportId=NTg5ODczMTgS1 
Kantar Media found that even though younger doctors are more inclined to seek out digital journals that they still have an appreciation for the print edition of the current journal, much like their older colleagues. According to Kantar, the digital divide shakes out as follows: 90% of doctors read print journals and 40% rely on print and digital. In terms of single channel readership, Kantar said 50% of doctors were print-only and just 8% never let their fingers touch ink, relying solely on digital editions.

Buffet Still Bullish on Newspapers

Warren E. Buffett isn't letting one troubled newspaper color his view of buying what many media experts consider the dinosaurs of the news business. Mr. Buffett said he still planned to buy newspapers, even though he recently announced that he would be shutting down one that he recently bought by the end of the year.
Mr. Buffett went on a newspaper spending spree this year by buying more than 60 newspapers from Media General and a small stake in the newspaper company Lee Enterprises, a chain of mostly small dailies based in Iowa. At the time, he stressed that he had great confidence that newspapers would continue to be solid investments for decades to come.

Simon & Schuster Launching Archway Publishing

Simon & Schuster is joining Penguin and other full-service publishers in entering into the self-publishing business. In partnership with Author Solutions (now owned by Penguin), the company is launching Archway Publishing, “a new self-publishing service with a focus on fiction, nonfiction, business and children’s categories,” according to a statement.

Tuesday, November 27, 2012

AF&PA Reports Oct. P&W Paper Ships

The American Forest & Paper Association released its October 2012 Printing-Writing Paper Report on Nov. 21.
According to the report, total printing-writing paper shipments decreased 2 percent in October compared to October 2011, primarily driven by declines in uncoated mechanical shipments.
Additional key findings include: 
October shipments of coated free sheet papers increased year-over-year for the fifth time in the past twelve months, reaching the highest level since September 2010. 
Shipments of uncoated free sheet paper in October increased 2 percent over the same period in 2011, with mill inventories at the lowest level since July 1995.
October uncoated mechanical paper shipments decreased 23 percent compared to October 2011, with YTD shipments down 16 percent relative to the previous year.