Macmillan, the last publisher left in a U.S.
lawsuit alleging an e-books price-fixing conspiracy with Apple Inc.,
reached a settlement with the U.S., agreeing to void deals with retailers that
restrict discounting.
The settlement also requires Macmillan to
avoid entering any new restrictive agreements on price or promotions until
December 2014. Macmillan, a unit of Stuttgart, Germany-based Verlagsgruppe
Georg von Holtzbrinck GmbH, also agreed to a compliance program that includes
reporting to the government communications with other publishers.
Monday, February 11, 2013
Direct Mail: A Positive for USPS
Postmaster General Patrick Donahoe
added that direct mail had a strong surge last fall and gave the marketing
channel a promotional boost, saying, “Direct mail is the best return on
advertising investment there is.”
USPS Admits FSS Is Losing Money
USPS Admits FSS Is Losing Money: On the same day it very publicly announced the planned cessation of most Saturday delivery, USPS released data confirming what Dead Tree Edition speculated about two weeks ago. ( See So Far, FSS Is A Step Backward, USPS Data Indicate. ) The data show that two of the three major types of mail processed on FSS machines—Standard (non-carrier-route) Flats and Periodicals—had experienced larger increases in processing costs the past two years than they had gained in delivery savings.
The Print Buyer's World
A Peek into the Print Buyer’s World for 2013:
In December I created and distributed a 20-question survey about the state of print buying today. My goal was to get a sense of how print buyers are facing 2013, whether print volumes were up or down, how large or small their buying staffs were, and the most preferred ways by which they chose new print service providers.
Highlights:
About 62% of these buyers had over 15 years of experience in the field
53% manage $1 million and up in print spend each year
The #1 most popular value-added service a printer can offer is mailing and fulfillment
Nearly 64% buy more offset than digital printing
When sourcing digital print for the first time, most buyers give preference to printers with whom they’re already working
In December I created and distributed a 20-question survey about the state of print buying today. My goal was to get a sense of how print buyers are facing 2013, whether print volumes were up or down, how large or small their buying staffs were, and the most preferred ways by which they chose new print service providers.
Highlights:
About 62% of these buyers had over 15 years of experience in the field
53% manage $1 million and up in print spend each year
The #1 most popular value-added service a printer can offer is mailing and fulfillment
Nearly 64% buy more offset than digital printing
When sourcing digital print for the first time, most buyers give preference to printers with whom they’re already working
Friday, February 8, 2013
PaperAge Names Domtar CEO "Papermaker of the Year"
Domtar's John Williams Earns Paper Industry Executive Honor: PaperAge announced that John D. Williams, President and CEO of Domtar, is the recipient of its 26th annual "Executive Papermaker of the Year" award. An exclusive interview with Mr. Williams will be published in the March/April 2013 issue of PaperAge.
PaperAge selects its Executive Papermaker of the Year based on corporate vision, strategic objectives and strong leadership both within the individual's company and in the paper industry as a whole. The award has been an industry tradition since 1988.
Under Williams' leadership, Domtar has made strategic adjustments to its uncoated freesheet paper business and in the manufacture of hardwood, softwood and fluff pulp. In the first quarter of 2012, Williams struck a 15-year paper supply deal with Appleton whereby Domtar will supply Appleton with most of the uncoated base paper the company needs to produce its thermal, carbonless, and other specialty paper products.
PaperAge selects its Executive Papermaker of the Year based on corporate vision, strategic objectives and strong leadership both within the individual's company and in the paper industry as a whole. The award has been an industry tradition since 1988.
Under Williams' leadership, Domtar has made strategic adjustments to its uncoated freesheet paper business and in the manufacture of hardwood, softwood and fluff pulp. In the first quarter of 2012, Williams struck a 15-year paper supply deal with Appleton whereby Domtar will supply Appleton with most of the uncoated base paper the company needs to produce its thermal, carbonless, and other specialty paper products.
Holmen Invests in Hallsta Magazine Paper Mill
Holmen Invests in Hallsta Paper Mill:
Holmen Paper is investing SEK 200 million in restructuring the energy supply at Hallsta Paper Mill. This is the single largest investment in the mill since the PM 11 paper machine was built in 2002.
The planned measures strengthen the mill's competitiveness and form part of the transition to a two-machine mill.
FPAC Launches Recruitment Drive, Add 60,000 by 2020
The Forest Products Association
of Canada (FPAC), with support from the Government of Canada, is today
launching TheGreenestWorkforce.ca, a resource tool that provides information on
the dynamic direction of the industry and career opportunities on offer right
across the country.
The industry is also launching a
competition to give eight promising students across Canada a paid Green Dream
Internship that includes a four month paid summer placement at a forest
products company, an iPad Mini and a chance to win $5000.
Under Vision2020, FPAC has a set
the goal of recruiting at least 60,000 or more workers by 2020 to meet the
growing demand for such professions as millwrights, electricians, engineers,
sales staff, truck drivers, foresters, chemists and many more.
Caribou Conservation May Cost Forest Industry
Caribou conservation efforts for
the Abitibi River Forest will cost local forestry companies more than $100
million in reduced annual gross sales.
That is collectively a quarter
in lost profits for the seven mills and six independent operators that have
harvesting rights on the Abitibi River Forest.Local communities are similarly expected to be impacted by immediate reductions of 20 to 25% in harvest areas, according to the 10-year Abitibi River Forest management plan which comes into effect April 1.
By 2030, Biomass Demand Will Triple
Driven
by aggressive biofuel mandates, rapid growth will cause great strain on biomass
by 2030, according to Lux Research. Using today's technologies, an area the
size of Russia would need to be cultivated to replace all of petroleum use for
chemicals and fuels - feedstock innovation will be needed to keep growing
biomass's market share.
USPS Q1 $3.1 Billion Loss, Advertising Mail Revenue Up 3.1%
Holiday shipping and the 2012
election helped the Postal Service stems its losses, but the agency’s
financial woes continued in the first quarter, which ended Dec 31.
The Postal Service posted a $1.3
billion loss in the first quarter, compared with a $3.1 billion loss over the
same period last year. The agency said the first quarter has traditionally been
one of its strongest periods. Total mail volume continued to decline, however. Mail volume was 43.5 billion pieces for the quarter, down from 43.6 billion in earlier year, according to agency officials.
Revenue from first-class mail, which provides the bulk of the revenue for the Postal Service, declined $237 million, or 3.1 percent, from the same period last year, with a decrease in volume of 834 million pieces, or 4.5 percent. Revenue from advertising mail increased $141 million, or 3.1 percent, in the first quarter compared with the same period last year on a volume increase of 783 million pieces, or 3.6 percent.
Cataloguer Soft Surroundings Grows 30%, Adds Stores
After starting as a catalog
company in 1998, Soft Surroundings has grown rapidly, with sales surging about
30 percent last year to about $150 million, according to the company.
Last year, it doubled its number
of stores to 10 nationwide. It also launched Retreat, a French-inspired
furniture line with its own catalog, last month.In August, private equity firm Brentwood Associates took a majority interest — 55 percent — in the company in a $150 million deal. With the help of the new partner’s resources and expertise, Soft Surroundings is looking to grow its retail footprint. Four or five stores are slated to open this year, and many more may be on the horizon.
Bonnier Shutters Garden Design
Dave Freygang hasn't wasted time in taking a hard
look at Bonnier Corp.'s financials since becoming its new CEO last month.
On Thursday, one of his first
appointees, David Ritchie, notified the staff of Garden Design that the
magazine would be folded after the April issue. The announcement was made by
Ritchie, the newly appointed chief content officer at the company.
States Consider Tax on Ads
New taxes on advertising haven't yet been proposed in
Congress, but that hasn't stopped financially strapped states from considering
them. Governors John Kasich (R-Ohio) and Mark Dayton (D-Minn.) have both
proposed new taxes on advertising and other business services as part of their
2014 budgets.
In both cases, the proposals call for reducing the sales tax, but increasing taxes on services.
In both cases, the proposals call for reducing the sales tax, but increasing taxes on services.
Mindful Magazine Hits Newsstands
Mindful magazine is a bimonthly
lifestyle publication that focuses on integrating mindfulness into everyday
concerns like personal health, food and eating, the arts and culture, and even
business and technology. Published by the Foundation for a Mindful Society, a
non-profit organization that runs the Mindful.org website, the magazine is available at
stores like Whole Foods, Barnes & Noble, Giant, and Wegmans.
MPA Head Launches Magazine Campaign
Five months into her tenure as head of the MPA, the Association of Magazine
Media, Mary Berner is trying to get its notoriously competitive members to play
ball together.
Berner has spearheaded the
creation of a 76-word working statement that makes the case for magazines. Next
week, she'll kick off a road show with publishing companies and ad buyers to
present it. First up are Hearst, Meredith and Bonnier.
Interesting Data Points for Digital Publishers
I recently spoke at the CMO
Institute conference hosted by the International Performance Management
Institute in Las Vegas.
In the course of the meetings I
heard some interesting statistics... This got me thinking…what other interesting data points are out there for digital publishers? I found these:
12 percent of
the top 200 grossing apps on the iPad are publications. See more data
points like this here.
Readership of
magazines and newspapers on tablets has doubled in the past year.The second highest app category (to games) on the top grossing iPad chart was publications. Time, Conde Nast and Hearst were the top three.
NYT Revenue Up 5.2% in Q4
The New York Times Co. announced that total
revenues increased 5.2% from $547 million in the fourth quarter of 2011 to
almost $576 million in the fourth quarter of 2012, reflecting increased
circulation revenues from digital subscriptions at its flagship newspaper.
Total circ revenues jumped 16% in the fourth
quarter, from $222 million to $258 million. Advertising revenues fell 3.1% from
$289 million to $280 million.Digital subscriptions, introduced for the first time in March 2011, also helped lift results for 2012.Total revenues for the year increased 1.9% from $1.95 billion in 2011 to $1.99 billion in 2012, powered by a 10.4% increase in circulation revenues, from $863 million to $953 million.
Full-year advertising revenues slumped 5.9% from $954 million to $898 million
USPS Transition to Digital Agency
USPS Vice President of Digital Solutions Paul Vogel told customers at a recent meeting that the federal agency is considering how best to transition from the existing hybrid environment of physical and digital into a more digital role in the future. The Postal Service defines "digital solutions" as "products or services that enhance physical USPS offerings with digital capabilities," such as the USPS' recent Every Door Direct Mail (EDDM) offering, or those initiatives that "present fully digital alternatives to physical products and services."
Thursday, February 7, 2013
Norske Skog Reports Q4 Results
Norske Skog faces challenging markets
Norske Skog continues to reduce debt and fixed costs despite challenging markets. Net loss was significantly influenced by non-cash items such as impairments and change in value of energy contracts.
Norske Skog had gross operating earnings (EBITDA) in the fourth quarter of 2012 of NOK 327 million, down from NOK 365 million in the third quarter. This decline was due to weak seasonal effects and NOK appreciation. Gross operating earnings for the full year 2012 were NOK 1 464 million, a reduction of NOK 51 million from 2011, mainly due to lower production capacity after the closure of Norske Skog Follum, sale of Norske Skog Bio Bio and Norske Skog Parenco.
Norske Skog continues to reduce debt and fixed costs despite challenging markets. Net loss was significantly influenced by non-cash items such as impairments and change in value of energy contracts.
Norske Skog had gross operating earnings (EBITDA) in the fourth quarter of 2012 of NOK 327 million, down from NOK 365 million in the third quarter. This decline was due to weak seasonal effects and NOK appreciation. Gross operating earnings for the full year 2012 were NOK 1 464 million, a reduction of NOK 51 million from 2011, mainly due to lower production capacity after the closure of Norske Skog Follum, sale of Norske Skog Bio Bio and Norske Skog Parenco.
Domtar Cuts Pulp Capacity at Kamloops
Domtar to downsize its capacity at Kamloops
Pulp & Paper Canada reports that Domtar will permanently shut down one pulp machine at its Kamloops, British Columbia, facility. The closure will put 125 employees out of work and curtailing Domtar's annual pulp production by approximately 120,000 air-dried metric tons of sawdust softwood pulp.
The pulp machine is expected to be closed by the end of March 2013.
Pulp & Paper Canada reports that Domtar will permanently shut down one pulp machine at its Kamloops, British Columbia, facility. The closure will put 125 employees out of work and curtailing Domtar's annual pulp production by approximately 120,000 air-dried metric tons of sawdust softwood pulp.
The pulp machine is expected to be closed by the end of March 2013.
Glatfelter Reports 2012 Financials
Glatfelter (GLT) today reported
2012 full year adjusted earnings per diluted share of $1.25 (GAAP $1.36)
compared with $1.01 per diluted share in 2011 (GAAP $0.93). For the 2012 fourth
quarter Glatfelter reported adjusted earnings of $11.2 million, or $0.26 per diluted
share, compared with $14.2 million, or $0.32 per diluted share, in the 2011
fourth quarter. On a GAAP basis, fourth quarter 2012 net income totaled $7.0
million, or $0.16 per diluted share, compared with $9.7 million, or $0.22 per
diluted share, in the fourth quarter of 2011. The fourth quarter 2012 results
were adversely impacted by costs related to strategic initiatives and a trial
in December for the Fox River matter, a higher tax rate, and the impact of
weaker economic conditions in Europe, each in nearly equal proportions.
Graphic Packaging Reports Q4 Results
Graphic Packaging Holding
Company (GPK), (the "Company"), a leading provider of packaging
solutions to food, beverage and other consumer products companies, today
reported Net Income for fourth quarter 2012 of $22.9 million, or $0.06 per
share, based upon 392.2 million weighted average diluted shares. This compares
to fourth quarter 2011 Net Income of $265.6 million, or $0.67 per share, based
on 396.3 million weighted average diluted shares. The fourth quarter of 2011
was positively impacted by the release of a $265.2 million tax valuation
allowance.
Nippon Reports on First 9 Months
Consolidated net sales of Nippon
Paper Group, Inc., and its consolidated subsidiaries (the "Group")
for the nine months ended December 31, 2012 amounted to ¥770,986 million (down
1.1% year-on-year). Operating income was ¥17,515 million (down 28.8%
year-on-year), ordinary income was ¥14,088 million and net income was ¥7,453
million on a consolidated basis for the nine-month period under review.
Boise Cascade IPO Soars
Boise Cascade soars after IPO, giving hope to others:
Los Angeles a Riding a U.S. housing recovery and a booming stock market, Boise Cascade, a maker of plywood and other building materials, jumped 25 percent in its market debut Wednesday.
Los Angeles a Riding a U.S. housing recovery and a booming stock market, Boise Cascade, a maker of plywood and other building materials, jumped 25 percent in its market debut Wednesday.
MeadWestvaco Releases Packaging Study
MeadWestvaco study: Consumers dissatisfied with packaging:
MeadWestvaco Corp., a global leader in packaging and packaging solutions launched its inaugural consumer satisfaction study, "Packaging Matters." The study explores the role of packaging in product satisfaction as consumers purchase, transport, use and dispose of products across 10 different categories.
MeadWestvaco Corp., a global leader in packaging and packaging solutions launched its inaugural consumer satisfaction study, "Packaging Matters." The study explores the role of packaging in product satisfaction as consumers purchase, transport, use and dispose of products across 10 different categories.
Old Navy Names CMO
Ivan Wicksteed, who most recently served as chief
marketer for Cole Haan, will take on the role of global chief marketing
officer, overseeing marketing and store design. The Gap Inc.-owned
retailer had been without a CMO since the summer of 2011.
AmericanStyle Suspends Publication
AmericanStyle Suspends Publication: AmericanStyle, a consumer quarterly founded in 1994, has announced that it will suspend publication immediately in a letter to subscribers.
Folio: People on the Move
People On The Move | 2.6.13: Michael Kuntz has been named publisher of Popular Mechanics. Kuntz was previously associate vice president of digital sales at Rodale.
Consumer Reports has added Diane Salvatore as senior director of content strategy and delivery, Brent Diamond as vice president of magazine and newsletter products and Christian Nimsky as vice president of digital interactive products and services. Salvatore is a former editor-in-chief of Prevention magazine. Nimsky has an extensive background in the consumer automotive space, contributing to Kelley Blue Book and Edmunds.com. And Diamond previously served in marketing for Powder and Surfer magazine.
Hearst Business Media has named Gregory Dorn as executive vice president, focusing on the company’s healthcare business portfolio. Dorn was previously president of the company’s First Databank property.
And More...
Consumer Reports has added Diane Salvatore as senior director of content strategy and delivery, Brent Diamond as vice president of magazine and newsletter products and Christian Nimsky as vice president of digital interactive products and services. Salvatore is a former editor-in-chief of Prevention magazine. Nimsky has an extensive background in the consumer automotive space, contributing to Kelley Blue Book and Edmunds.com. And Diamond previously served in marketing for Powder and Surfer magazine.
Hearst Business Media has named Gregory Dorn as executive vice president, focusing on the company’s healthcare business portfolio. Dorn was previously president of the company’s First Databank property.
And More...
AAM: Mixed News on Magazine Sales
AAM: Newsstand a Drag On Circ as Digital Rises (UPDATED):
The magazine publishing industry got some mixed news on Wednesday, with the Alliance for Audited Media reporting that overall newsstand sales dropped 8.2 percent for the second half of 2012. Though publications sold at retail did not fare well, the industry’s digital business is on the rise, with more than 280 magazine reporting more than 7.9 million digital replica editions—double the amount when compared to the second half of 2011, but still is just 2.4 percent of total average circulation.
The magazine publishing industry got some mixed news on Wednesday, with the Alliance for Audited Media reporting that overall newsstand sales dropped 8.2 percent for the second half of 2012. Though publications sold at retail did not fare well, the industry’s digital business is on the rise, with more than 280 magazine reporting more than 7.9 million digital replica editions—double the amount when compared to the second half of 2011, but still is just 2.4 percent of total average circulation.
Penton Names Senior VP Mobile, Digital
Penton Taps Joe Territo to Lead Mobile, Digital Initiatives:
Penton has hired Joe Territo into the newly created position of senior vice president, content and user engagement to lead digital initiatives with an emphasis on mobile.
Penton has hired Joe Territo into the newly created position of senior vice president, content and user engagement to lead digital initiatives with an emphasis on mobile.
PIA & MPA React to USPS Move
PIA Statement on USPS Announcement to End Saturday Delivery: The following is a statement by Lisbeth A. Lyons, Vice President of Printing Industries of America, the world’s largest graphic arts trade association, regarding today’s announcement by the United States Postal Service that it would end Saturday delivery of First Class Mail in August of this year.
http://www.pubexec.com/article/mpa-president-mary-berner-usps-decision-halt-saturday-mail-delivery/1
MPA-The Association of Magazine Media represents consumer magazines, among them weekly titles, that may be most impacted by the United States Postal Service announcement this morning to cease Saturday delivery, with the exception of packages, effective August 5, 2013.
Heidelberg Reports Q3 Results
Heidelberg on Track After Nine Months of Financial Year 2012/2013:
After nine months of financial year 2012/2013 (April 1 to December 31, 2012), Heidelberger Druckmaschinen AG (Heidelberg) is on track to achieve its operating targets for the current financial year.
In the quarter under review (October 1 to December 31, 2012), higher sales and savings from the Focus 2012 efficiency program resulted in a much improved operating result as planned. Quarterly sales were 9 percent up on the same period of the previous year, increasing from EUR 631 million to EUR 688 million. The operating result (EBIT) excluding special items increased by EUR 23 million to EUR 25 million (previous year: EUR 2 million).
After nine months of financial year 2012/2013 (April 1 to December 31, 2012), Heidelberger Druckmaschinen AG (Heidelberg) is on track to achieve its operating targets for the current financial year.
In the quarter under review (October 1 to December 31, 2012), higher sales and savings from the Focus 2012 efficiency program resulted in a much improved operating result as planned. Quarterly sales were 9 percent up on the same period of the previous year, increasing from EUR 631 million to EUR 688 million. The operating result (EBIT) excluding special items increased by EUR 23 million to EUR 25 million (previous year: EUR 2 million).
Wednesday, February 6, 2013
American Eagle Names CEO
http://www.aepaper.com/news/american-eagle-paper-mills-announces-new-president-and-ceo-michael-grimm
American Eagle Paper Mills and Team Ten, LLC
today announced the appointment of Michael Grimm as American Eagle’s President
and Chief Executive Officer, and a member of the Board of Directors beginning
on February 25, 2013. Mr. Grimm brings more than 23 years of relevant
manufacturing experience to his new role.
Mike will be taking over the President/CEO position previously held by our original and first President, John Ferner, who provided tireless and dedicated leadership since the beginning of American Eagle Paper Mills in 2003 until his retirement in December 2012. The complete Board of Directors along with all of our employees are very appreciative and thankful for everything John has done to help American Eagle get to where they are today.
Mike will be taking over the President/CEO position previously held by our original and first President, John Ferner, who provided tireless and dedicated leadership since the beginning of American Eagle Paper Mills in 2003 until his retirement in December 2012. The complete Board of Directors along with all of our employees are very appreciative and thankful for everything John has done to help American Eagle get to where they are today.
Sappi Reports Q1 Results
Sappi Results for 1st Quarter in line with Epectations:
Profit for the period US$17 million (Q1 2012 US$45 million)
EPS 3 US cents (Q1 2012 9 US cents)
Operating profit excluding special items US$73 million (Q1 2012 US$100 million)
Net finance costs of US$42 million (Q1 2012 US$54 million)
Net debt US$2,095 million (Q1 2012 US$2,175 million)
Profit for the period US$17 million (Q1 2012 US$45 million)
EPS 3 US cents (Q1 2012 9 US cents)
Operating profit excluding special items US$73 million (Q1 2012 US$100 million)
Net finance costs of US$42 million (Q1 2012 US$54 million)
Net debt US$2,095 million (Q1 2012 US$2,175 million)
NewPage Names Controller, Chief Accounting Officer
NewPage Names Patrick Buchenroth Controller and Chief Accounting Officer:
NewPage Holdings Inc. today announced that on February 1, 2013, Patrick Buchenroth, age 45, accepted the position of controller and chief accounting officer for NewPage Holdings Inc. and NewPage Corporation, effective February 25, 2013.
NewPage Holdings Inc. today announced that on February 1, 2013, Patrick Buchenroth, age 45, accepted the position of controller and chief accounting officer for NewPage Holdings Inc. and NewPage Corporation, effective February 25, 2013.
Rainforest Responds to APP Conservation Move
Rainforest Action Network Responds to Asia Pulp and Paper’s New Forest Commitments Read more: Rainforest Action Network: (USA) Controversial Singapore-based paper giant, Asia Pulp and Paper (APP), today announced a new "Forest Conservation Policy” to undertake environmental and social reforms to its business practices. "Though we welcome APP's new rainforest commitments as a milestone, the hidden story here is the controversial paper giant’s long history of broken promises, land conflicts and human rights violations across its operations,” said Lafcadio Cortesi, Asia Director for Rainforest Action Network. “APP will not be seen as a responsible company in the marketplace until its new commitments are implemented and resolve the devastating rainforest and human rights crises it has caused in Indonesia."
China Launches Dumping Investigation
China's Ministry of
Commerce (MOFCOM) today released an announcement confirming a decision to
launch an anti-dumping investigation against pulp imports from US, Canada and
Brazil.
| The investigation cover pulp, dissolving pulp, dissolving
wood pulp, cotton linter pulp and bamboo pulp. The products are listed as
47020000, 47061000 and 47063000 under Import and Export Tariffs of the
People's Republic of China. The official release informs the market that MOFCOM will, "in line with the regulations of the People's Republic of China on anti-dumping, start investigation on dumping and dumping margin of the said products, as well as the injury and its extent to pulp industry in China, and then make decision according to law." |
Neenah Announces Price Increase
Neenah Paper announced about a 2% price increase on its
select Brights, Writing, Text and Cover brands effective with shipments Mar. 4,
contacts said Monday.
UPM Begins Job Cuts
UPM is starting discussions with employee representatives
regarding proposed job cuts in Finland and Germany, related to the company's
announcement that it would close 420,000 tonnes/yr of supercalendered (SC)
paper capacity this year.
RISI Names European CEO of Year
RISI,
the leading information provider for the global forest products industry, has
named Mr. Peter J Oswald, Chief Executive Officer of Mondi Europe &
International, as the 2013 European CEO of the Year.
Postal Service Announces New Delivery Schedule
Postal Service Announces New Delivery Schedule:
The U.S. Postal Service (USPS) announced plans today to transition to a new delivery schedule during the week of Aug. 5, 2013 that includes package delivery Monday through Saturday, and mail delivery Monday through Friday. The Postal Service expects to generate cost savings of approximately $2 billion annually, once the plan is fully implemented.
http://www.nytimes.com/2013/02/07/us/postal-service-plans-to-end-saturday-delivery.html?hp&_r=0
The Postal Service is expected to announce on Wednesday morning that it will stop delivering letters and other mail on Saturdays, but continue to handle packages, a move the financially struggling agency said would save about $2 billion annually as it looks for ways to cut cost.
The agency has long sought Congressional approval to end mail delivery on Saturdays. But Congress, which continues to work on legislation to reform the agency, has resisted. It is unclear how the agency will be able to end the six-day delivery of mail without Congressional approval.
http://www.afandpa.org/
AF&PA calls ‘short-sighted solution’ US Postal Service eliminating six-day mail delivery.
The U.S. Postal Service (USPS) announced plans today to transition to a new delivery schedule during the week of Aug. 5, 2013 that includes package delivery Monday through Saturday, and mail delivery Monday through Friday. The Postal Service expects to generate cost savings of approximately $2 billion annually, once the plan is fully implemented.
http://www.nytimes.com/2013/02/07/us/postal-service-plans-to-end-saturday-delivery.html?hp&_r=0
The agency has long sought Congressional approval to end mail delivery on Saturdays. But Congress, which continues to work on legislation to reform the agency, has resisted. It is unclear how the agency will be able to end the six-day delivery of mail without Congressional approval.
http://www.afandpa.org/
AF&PA calls ‘short-sighted solution’ US Postal Service eliminating six-day mail delivery.
One Less Day to Mail; One Less Day to Market
Weekly newsmagazines, already challenged to stay relevant when news is available around the clock, now have to figure out how to make sure they get in readers’ hands on a timely basis when the Postal Service makes good on its plan to eliminate Saturday delivery.
Consolidated Graphics Reports Q3 Results
Consolidated Graphics Reports Financial Results For Q3:
Consolidated Graphics (NYSE: CGX) today announced financial results for its third quarter ended December 31, 2012. Revenue for the December 2012 quarter increased 4.0 percent to $295.3 million, compared to the prior year. Adjusted Operating Income increased 17.3 percent for the quarter to $24.3 million or 8.2 percent of revenue, compared to $20.7 million or 7.3 percent of revenue last year. Adjusted Net Income increased 32.4 percent to $16.9 million for the quarter, compared to $12.7 million for the prior year. Adjusted Diluted Earnings per share increased 43.4 percent to $1.75, compared to $1.22 last year. Adjusted EBITDA increased 9.2 percent to $42.7 million for the quarter and Free Cash Flow was $16.8 million for the quarter.
Consolidated Graphics (NYSE: CGX) today announced financial results for its third quarter ended December 31, 2012. Revenue for the December 2012 quarter increased 4.0 percent to $295.3 million, compared to the prior year. Adjusted Operating Income increased 17.3 percent for the quarter to $24.3 million or 8.2 percent of revenue, compared to $20.7 million or 7.3 percent of revenue last year. Adjusted Net Income increased 32.4 percent to $16.9 million for the quarter, compared to $12.7 million for the prior year. Adjusted Diluted Earnings per share increased 43.4 percent to $1.75, compared to $1.22 last year. Adjusted EBITDA increased 9.2 percent to $42.7 million for the quarter and Free Cash Flow was $16.8 million for the quarter.
2013: A Strategic Outlook
2013: A Strategic Outlook: In media, the train never stops. Having big ideas or new plans of action for the year ahead enables publishing professionals with the ability to set and meet goals important to the overall growth of a brand and business. Here, Folio: checks in with sales executives, audience developers, designers and more—asking them to detail their top strategies for the next 12 months.
B2B Marketers Feeling Optimistic
B2B Marketers Feeling Optimistic; Half to Up Budgets In 2013: According to BtoB's 2013 Outlook: Marketing Priorities and Plans special report, nearly half of B2B marketers plan to increase their marketing budgets this year, up from 40% last year.
Newspapers: Sustainable Business Model?
Newspapers: Sustainable Business Model or Yesterday’s News?:
When was the last time you bought a newspaper? When did you last read one?
It’s mind boggling how effortlessly our connected world is able to link together information through an array of sources. The information comes in many forms…some is factual, some anecdotal, others consist of opinions via blogs and social media, and of course, there are those that blend both facts and opinions. Key to this is access to content.
When was the last time you bought a newspaper? When did you last read one?
It’s mind boggling how effortlessly our connected world is able to link together information through an array of sources. The information comes in many forms…some is factual, some anecdotal, others consist of opinions via blogs and social media, and of course, there are those that blend both facts and opinions. Key to this is access to content.
Personalization is Intrusion, Unless...
http://thedigitalnirvana.com/2013/02/personalization-is-creepy-but-who-cares/
A study by JWT reinforces what we are hearing on a regular basis now . . . people think the fact that marketers can get a 360-degree view of their behavior and use that information to target them is creepy. But hey, if it benefits them, who cares?
Highlights:
It feels like Big Brother is watching me (65%)
The idea of being tracked and analyzed makes me nervous (64%)
It makes me feel violated (51%)
I think this will help simplify my life (48%)
But:
It’s okay with me as long as I save money (64%)
It’s okay with me as long as I get relevant offers (62%)
It’s okay with me as long as it makes shopping easier (56%)
A study by JWT reinforces what we are hearing on a regular basis now . . . people think the fact that marketers can get a 360-degree view of their behavior and use that information to target them is creepy. But hey, if it benefits them, who cares?
Highlights:
It feels like Big Brother is watching me (65%)
The idea of being tracked and analyzed makes me nervous (64%)
It makes me feel violated (51%)
I think this will help simplify my life (48%)
But:
It’s okay with me as long as I save money (64%)
It’s okay with me as long as I get relevant offers (62%)
It’s okay with me as long as it makes shopping easier (56%)
Time, Inc. Revenues Fall in Q4
Time Warner
released its 4Q and full-year 2012 financials
today and the numbers give a peek at the what motivated Time Inc. CEO Laura
Lang to cut
6 percent of the publishing division's global work force. Topline for Time Inc.
was down 6.5 percent for the year to $3.4 billion and operating income tumbled
25 percent to $420 million.
Time's All You Testing New Venues
Now, at a time when even the affluent
looking for bargains at Groupon, Gilt Groupe and the like, All You is planning to test sales outside the retail
giant for the first time. The test is expected to take place on a regional basis,
as early as June.
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