Southern
Living, already a behemoth in the brand extension
department (you can buy Southern Living furniture, bedroom linens, tableware,
and even house plans), is giving "living" the brand experience a
whole new meaning with a Southern Living Hotel Collection.
"We'd
really been looking at brand extensions that allow for deeper immersion into
the lifestyle," said publisher Greg Schumann. "We always say that our
reader doesn’t just read Southern Living—she lives it. As we began to focus on
the travel facet of the brand, we realized that our readers are always looking
for Southern Living vetted and endorsed experiences."
Friday, June 21, 2013
It's Hard Out There for a Publisher
Conventional
wisdom says that entrepreneurs who start a Web-based business will do so with
VC money. Read enough stories of Internet ventures that enjoy lucrative exits
in the millions (in some cases billions) of dollars, and it's easy to assume
that the only path to success is to begin by securing deals with investors who
are far less interested in helping a startup build a substantial brand as they
are in realizing a return as quickly as possible.
Bootstrapping
simply isn't sexy anymore.But for many startup publishers, bootstrapping is a way of life, and VC money isn't an option. According to angel investor David S. Rose, the success rate of entrepreneurs who chase down VC or angel funding is about 1 in 500. Of the rest, some will give up, leaving a persistent majority to build their businesses from behind the financial eight ball.
Commercial Print Ships Reported
US commercial printing profits rebounded from their tough fourth quarter of
2012, where the industry showed a loss of -$400 million. Profits for the
first quarter of 2013 were +$850 million. Excluding the losses in Q4-2011 and
Q4-2012, Q1 profits were the lowest positive quarter since Q1-2010. These data
have been inflation-adjusted.
We prefer to look at inflation-adjusted shipments as a 4-quarter moving
total since profits can fluctuate significantly. The chart below shows that
profits have had trouble getting above the lows of 2005. The black line indicates the lows of 2005.
Economist Warns Printers of Complacency
Economist Warns Printers of Complacency: Wisconsin's stable of printing press operators, collectively the fifth-largest industry in the state, has been blindsided by the Internet, e-books and a wicked recession.
Yet the biggest challenge is not technology, but complacency, according to the chief economist for the National Association for Printing Leadership, a trade group.
"Our biggest threat is complacency, the status quo, and assuming that what worked yesterday will work tomorrow," Andrew Paparozzi told a gathering of commercial printers from Wisconsin, Illinois and Indiana on Thursday.
The industry that prints the nation's books, magazines and catalogs has shrunk, to be sure, Paparozzi said. Despite all the technological change, which diminishes demand for bound-paper publishing, Paparozzi said he continues to tour the nation's printers only to find that most are stuck in a mind-set of the last century — the belief that if a commercial printer hangs on long enough, other printers give up and open up opportunities and eventually things might return to what they were once like in the predigital age.
Yet the biggest challenge is not technology, but complacency, according to the chief economist for the National Association for Printing Leadership, a trade group.
"Our biggest threat is complacency, the status quo, and assuming that what worked yesterday will work tomorrow," Andrew Paparozzi told a gathering of commercial printers from Wisconsin, Illinois and Indiana on Thursday.
The industry that prints the nation's books, magazines and catalogs has shrunk, to be sure, Paparozzi said. Despite all the technological change, which diminishes demand for bound-paper publishing, Paparozzi said he continues to tour the nation's printers only to find that most are stuck in a mind-set of the last century — the belief that if a commercial printer hangs on long enough, other printers give up and open up opportunities and eventually things might return to what they were once like in the predigital age.
Thursday, June 20, 2013
Catalyst Paper Names Interim CEO
Catalyst Paper chairman Leslie Lederer taking over as interim CEO:
Catalyst Paper announced Wednesday that company chairman Leslie Lederer will take over as CEO on an interim basis following the departure of current CEO Kevin Clarke at the end of the month.
Catalyst Paper announced Wednesday that company chairman Leslie Lederer will take over as CEO on an interim basis following the departure of current CEO Kevin Clarke at the end of the month.
AF&PA Reports April Containerboard, Paperboard, Kraft Paper Ships
Containerboard
production dropped 1.5 percent over March 2013 but rose 4.2 percent over the
same month last year. The month-over-month average daily production
increased 1.8 percent. The containerboard operating rate for April 2013
gained 1.5 points from March 2013, from 92.8 percent to 94.3 percent.
Total boxboard production increased by 1.7 percent compared to April 2012
and increased 2 percent from last month. Unbleached Kraft Boxboard production decreased over the
same month last year but increased compared to last month. Total Solid Bleached
Boxboard & Liner production increased compared to April 2012 and increased
compared to last month. The production of Recycled Boxboard increased compared to April 2012 but
decreased when compared to last month.
http://www.afandpa.org/media/news/2013/05/16/american-forest-paper-association-releases-april-2013-kraft-paper-sector-report
Total
Kraft paper shipments were 133 thousand tons, an increase of less than 1
percent compared to the prior month. Bleached Kraft paper shipments increased
year-over-year 10.3 percent, but the 3.1 percent year-over-year decline in the
larger category of Unbleached Kraft paper shipments was enough to bring overall
Kraft paper shipments down 1.2 percent year-over-year. Total month-end
inventory decreased 7.1 percent to 66.5 thousand tons this month compared to
March 2013 month-end inventories.
Paper Industry Still Strong in Wisconsin
The Wisconsin Economic Development Corp. released a study that claims to
dissect our state's economy. A story in the Journal Sentinel stated that
one major conclusion of the study is that our reliance on manufacturing, and
specifically the paper industry, has led to a slow growth economy in our state
("Wisconsin economy stuck in old-growth industries," Page 1A,
Tuesday).
To have the WEDC suggest that the paper industry is "not strongly positioned in their competitiveness" and "paper manufacturing has been steadily contracting, and we believe that will continue to contract" shows how little policy-makers know about the paper industry and does not jibe with many of the study's conclusions.
To have the WEDC suggest that the paper industry is "not strongly positioned in their competitiveness" and "paper manufacturing has been steadily contracting, and we believe that will continue to contract" shows how little policy-makers know about the paper industry and does not jibe with many of the study's conclusions.
Forest Industry Leaders Meet With Gov. Officials
http://www.afandpa.org/
carbon neutrality of biomass;
reasonable air regulations;
inclusion of paper and wood products in USDA's BioPreferred program;
corporate tax reform;
postal reform;
truck weight increase for federal highways;
maintaining paper options for all Americans;
recognition of multiple credible green building rating systems; and
support for wood in building energy codes.
More
than 50 forest products industry leaders from across the country are on Capitol
Hill today representing the interests of the nearly 900,000 Americans in
talking to Members of Congress about the top priorities for paper and wood
products manufacturers.
The
American Forest & Paper Association (AF&PA) and the American Wood
Council (AWC) are co-hosting the 2013 Forest Products Industry Fly-In, in which
CEOs and senior executives will discuss industry priorities with Congress
including:carbon neutrality of biomass;
reasonable air regulations;
inclusion of paper and wood products in USDA's BioPreferred program;
corporate tax reform;
postal reform;
truck weight increase for federal highways;
maintaining paper options for all Americans;
recognition of multiple credible green building rating systems; and
support for wood in building energy codes.
Gorham Announces Price Increases
To
offset rising raw material and energy costs, Gorham Paper and Tissue announced
today a $50/ton price increase for Packaging and Lightweight printing grades
effective with July 15th shipments.
Since the fall, Gorham has experienced double digit price increases in the areas of pulp, PCW, natural gas and power. The costs increases are too great for the company to offset through productivity improvements and cost savings programs.
Since the fall, Gorham has experienced double digit price increases in the areas of pulp, PCW, natural gas and power. The costs increases are too great for the company to offset through productivity improvements and cost savings programs.
Domtar, First Book Expand Partnership for Literacy
Domtar and First Book Expand Partnership for Literacy: Collaboration to provide 60,000 new books and resources to children in need across the United States and Canada
WASHINGTON, DC - Today, First Book, a nonprofit social enterprise that provides new books to children in need, and Domtar, the Sustainable Paper Company, announced the expansion of their partnership for literacy. The next phase of collaboration will help bring 60,000 brand-new, high-quality books to kids from low-income families across North America.
WASHINGTON, DC - Today, First Book, a nonprofit social enterprise that provides new books to children in need, and Domtar, the Sustainable Paper Company, announced the expansion of their partnership for literacy. The next phase of collaboration will help bring 60,000 brand-new, high-quality books to kids from low-income families across North America.
PIA Comments on Patent Trolling
Printing
Industries of America’s President and CEO Michael Makin issued the following
notice to its membership.
Dear Members:
In recent months, Printing Industries of America has seen an alarming increase in the number of printers who have reported being targeted by law firms alleging they are infringing patents for technologies as ubiquitous in the industry as prepress workflow, computer-to-plate, and Web-to-print.
Dear Members:
In recent months, Printing Industries of America has seen an alarming increase in the number of printers who have reported being targeted by law firms alleging they are infringing patents for technologies as ubiquitous in the industry as prepress workflow, computer-to-plate, and Web-to-print.
News Corp. Split Begins
http://www.adweek.com/news/press/news-corp-split-begins-150513
News Corp.'s publishing spinoff began preliminary trading at a value of $9.1 billion, making it "the biggest U.S. newspaper publisher by market capitalization," according to Bloomberg Businessweek.
The preliminary trading is part of News Corp.'s plan to split its subsidiary businesses into two independent, publicly-traded companies. Shareholders approved the split at a meeting last week and the two entities will officially separate on June 28.
News Corp.'s publishing spinoff began preliminary trading at a value of $9.1 billion, making it "the biggest U.S. newspaper publisher by market capitalization," according to Bloomberg Businessweek.
The preliminary trading is part of News Corp.'s plan to split its subsidiary businesses into two independent, publicly-traded companies. Shareholders approved the split at a meeting last week and the two entities will officially separate on June 28.
SONGS Signs Up Conde Nast
Seeking to carve out a new model for licensing, SONGS Music Publishing
struck a novel deal with Conde Nast Entertainment Partners, which agreed to use
SONGS' catalog as the primary source of music for original online videos
produced for its Glamour, GQ, Vogue and Wired channels on YouTube and
elsewhere.
The nine-year-old boutique publishing company, known for the hands-on career building approach it takes with its 350 songwriters, is taking a similar tack with Conde Nast, promising to provide a high level of service in matching the publisher's videos with music from Diplo, Brian Lee, Nelly, Matt Thiessen and other artists on its roster.
The nine-year-old boutique publishing company, known for the hands-on career building approach it takes with its 350 songwriters, is taking a similar tack with Conde Nast, promising to provide a high level of service in matching the publisher's videos with music from Diplo, Brian Lee, Nelly, Matt Thiessen and other artists on its roster.
Atlantic Follows Esquire with Weekly Digital Issues
As magazines search for new mobile monetization
models from devices, two legendary monthly titles are experimenting with weekly
digital-only versions. Earlier this month Esquire
launched a weekly issue that combines exclusive blog, Q&A material with
repurposed material from both Esquire.com and its ebook projects. And on
Friday, The Atlantic began its own mini-magazine
strategy with a weekly issue for smartphones and tablets also combining ‘best
of’ material from its Web sites and print archive.
Women's Magazines and "Serious Journalism"
Women's
magazines aren't serious. That's the perception that exists anyway. It might be
a matter of what consumers think about them, or maybe it's just how the people
who work at them are judged by their peers in the media. But they're not taken
seriously, and it's not because of their content. It's because our
understanding of what Serious Journalism™ is, who makes it and the historical
reasoning behind why ladymags — tucked aside in a pink ghetto — are often
misunderstood.
There's
been a lot of talk this week about the "seriousness" of women's
magazines, which all started with a cover story from U.K. magazine Port hailing
a "New Golden Age" of print media—one that,
judging by the editors featured on Port's cover, is being led exclusively by
white, middle-aged males. In response, a debate has sprung up about whether women’s
magazines are, in fact, capable of providing "serious journalism."
Elle editor in chief Robbie Myers used her August editor’s letter to explain that yes, in
fact, they are.
MediaPost Mag Bag
Condé Nast has signed a deal with Livefyre to
turn the magazine publisher’s digital properties into social hubs Livefyre’s
StreamHub platform. The high-end publisher will use Livefyre’s platform and
Live applications to boost social activity and engagement for brands including Condé Nast Traveler, Glamour, Golf Digest, GQ, Lucky, The New
Yorker, Teen Vogue and Vanity Fair.
Adobe Announces 100 Million Digital Downloads
Adobe has powered 100 million digital downloads of various kinds of
publications using the Adobe Digital Publishing Suite, the tech company
announced this week, including magazines, newspapers, corporate publications
and apps.
Meredith Rolls Out Augmented Reality App
Meredith Rolls Out Augmented Reality App
Meredith Corp. has unveiled a new augmented reality app, Mom+, that works with
its entire portfolio of Parents Network publications, including Parents, American Baby, FamilyFun and Ser Padres.
Phillips To VP, Publisher Glamour
Connie Anne Phillips has been appointed to the position of vice president and
publisher of Glamour, replacing William
Wackermann, who is moving to the position of executive vice president and
publishing director for Condé Nast Traveler. And more...
Amazon Reacts to Sales Tax Law
Sales tax
legislation strikes again! Amazon.com is terminating its contracts with
affiliates in Minnesota effective June 30, 2013, thanks to a bill passed in
May. The state is home to retail chains Best Buy and Target. In its letter to
Amazon Associates, the marketplace called its decision "a direct result of
the unconstitutional Minnesota state tax collection legislation passed by the
state legislature and signed by Governor Dayton on May 23, 2013, with an
effective date of July 1, 2013."
The Minnesota
bill was made possible thanks to New York legislators. While other states were
trying to figure out how to get ecommerce sites like Amazon to collect sales
tax owed by their residents, New York state came up with a way by arguing
Amazon had nexus in the state because it compensated its New York affiliate
advertisers, who are neither employees nor contractors of the company. That was in 2008, and since then, 11 states have passed such laws, according to the Performance Marketing Association (PMA), which has been fighting against such legislation in Minnesota for the past 4 years. And while Amazon is collecting sales tax in a few of the states where these laws passed, in most such states it has fired its affiliates.
F+W Launches Subscription Video Site
F+W Launches Subscription Video Site: Enthusiast media company F+W Media has just launched a new video subscription site for crafters called Craft Daily. The site is a paid content venture, with a tiered subscription model enabling unlimited views at monthly or yearly terms. A monthly subscription for content across all of the nine crafting categories is $19.99 and yearly is $199, both auto-renew until a user cancels. If a customer only wants a subscription to, say, the beading video content, then the pricing drops slightly to an $11.99 monthly sub and a $119 yearly subscription.
Licensing Deal for Jamie Magazine Fails
North American Licensing Deal for Jamie Magazine Falls Apart:
The magazine brand for celebrity chef Jamie Oliver has hit a major snag with its plans to be licensed for distribution in North America. A partnership between UK-based Jamie magazine and software company idoodle has broken down. A spokesperson for Jamie magazine declined to offer details on why the licensing deal fell apart, but said talks with other potential partners are underway. "We are actively seeking a new relationship," she said.
The magazine brand for celebrity chef Jamie Oliver has hit a major snag with its plans to be licensed for distribution in North America. A partnership between UK-based Jamie magazine and software company idoodle has broken down. A spokesperson for Jamie magazine declined to offer details on why the licensing deal fell apart, but said talks with other potential partners are underway. "We are actively seeking a new relationship," she said.
Folio: People On The Move
People On The Move | 6.20.13:
Sean McManus has been named as the managing director at QuartzLive. McManus was previously director of programmes at The Economist.
Emily Lenzner has joined Atlantic Media to lead the communications team there. Lenzer will be taking over for Linda Douglass. Douglass is reducing her role from senior vice president of global communications to a part-time advisory position at Atlantic Media.
Bonnier Corp. has named Shannon Rudd to general manager, digital business development for its men's group. Rudd had been digital business director at Parenting Group.
Chin was formerly a senior marketing executive with EA SPORTS and Nike.
SpinMedia has named Michael Wann as chief revenue officer. Wann ppreviously had business development roles for Amazon.com and MSNBC.com.
Brian Powley has been promoted to global president of iCrossing. Powley has been with iCrossing since 2007 and was serving as president of North America.
Palm Beach Illustrated has named Randie Dalia as publisher. She had been associate group publisher there.
Connie Anne Phillips has been named vice president and publisher of Glamour. She was previously publisher at In Style. Condé Nast also appointed William Wackermann as executive vice president and publishing director of Condé Nast Traveler. He had been Glamour's publishing executive.
Gail Scott has been named publisher at Pinecrest Magazine. She has previously been account director at Tribune 365.
Sean McManus has been named as the managing director at QuartzLive. McManus was previously director of programmes at The Economist.
Emily Lenzner has joined Atlantic Media to lead the communications team there. Lenzer will be taking over for Linda Douglass. Douglass is reducing her role from senior vice president of global communications to a part-time advisory position at Atlantic Media.
Bonnier Corp. has named Shannon Rudd to general manager, digital business development for its men's group. Rudd had been digital business director at Parenting Group.
Chin was formerly a senior marketing executive with EA SPORTS and Nike.
SpinMedia has named Michael Wann as chief revenue officer. Wann ppreviously had business development roles for Amazon.com and MSNBC.com.
Brian Powley has been promoted to global president of iCrossing. Powley has been with iCrossing since 2007 and was serving as president of North America.
Palm Beach Illustrated has named Randie Dalia as publisher. She had been associate group publisher there.
Connie Anne Phillips has been named vice president and publisher of Glamour. She was previously publisher at In Style. Condé Nast also appointed William Wackermann as executive vice president and publishing director of Condé Nast Traveler. He had been Glamour's publishing executive.
Gail Scott has been named publisher at Pinecrest Magazine. She has previously been account director at Tribune 365.
Kodak Seeks Approval for $406 Million Rights Offering
Kodak Seeks Approval for $406 Million Rights Offering, including Backstop Equity Commitment from Creditors: Eastman Kodak Company today announced that, subject to Court approval, key creditors have agreed to backstop a $406 million rights offering for common stock in the company upon its emergence from Chapter 11. Kodak expects to use the proceeds of the rights offering to fund distributions under Kodak’s revised Plan of Reorganization, including the repayment of its second lien creditors, who will no longer receive equity in the Plan.
Wednesday, June 19, 2013
AF&PA: Why Paper Makes Life Better
http://www.afandpa.org/media/news/2013/06/18/new-afandpa-video-showcases-why-paper-makes-life-better
The
American Forest & Paper Association (AF&PA) today released its newest
web video titled “Paper: Making
Life Better,”
which calls attention to the educational, functional, and memorable benefits
that paper brings to the everyday lives of people across the country and around
the world.
AF&PA
President and CEO Donna Harman remarked on how federal policies affect
Americans’ ability to effectively use this important commodity in the following
statement:
"Paper products are used to inform and educate people on the events of the
day, to document and transmit necessary information, and to capture the
memories throughout our lives like no other medium. Our ‘Paper: Making
Life Better’ video highlights the many ways that paper plays an important role
in our lives and for our livelihood.
Minnesota Grant to Train NewPage Workers
Thanks
to a major state grant, more than 100 workers at the NewPage paper mill in
Duluth will get specialized training to help fill the shoes of highly skilled
retiring workers.
The
customized training - spanning two years and running the gamut from safety
practices to new technologies - is being paid for with the $91,768 Minnesota
Job Skills Partnership grant awarded to the paper mill and Lake Superior
College.
New Owners Take Over Twin Rivers
New owners take over Twin Rivers
The Canadian specialty paper company Twin Rivers Paper has new owners. Blue Wolf Capital and Atlas Holdings, LLC, recently completed the acquisition of the company, which has facilities in Madawaska, Maine, and Edmundston and Plaster Rock, New Brunswick.
The new owners will form of a new board of directors and leadership team who are turning their attention to building a growing, profitable business and creating long-term value.
The Canadian specialty paper company Twin Rivers Paper has new owners. Blue Wolf Capital and Atlas Holdings, LLC, recently completed the acquisition of the company, which has facilities in Madawaska, Maine, and Edmundston and Plaster Rock, New Brunswick.
The new owners will form of a new board of directors and leadership team who are turning their attention to building a growing, profitable business and creating long-term value.
Poll: Americans Oppose Gov. Eliminating Paper
Consumers
for Paper Options, a coalition advocating for equal access to government
services and information, today announced the results of a national poll which
demonstrates that an overwhelming majority of Americans oppose federal efforts
to eliminate paper-based information and services.
Recent
federal decisions to eradicate paper-based options for key services - such as
Social Security checks, savings bonds and income tax forms - have rendered
these services difficult or even impossible for millions of Americans to access
while exposing them to rising fraud. In fact, the Senate Special Committee on
Aging will hold a hearing today at 2 p.m. to examine fraud as a result of the
Social Security electronic payments mandate.
Study: Multiple Forest Cetfication Systems Preferable
While some activist environmental groups push for a monopoly, a new study
released today found that a Forest Stewardship Council (FSC) monopoly on forest
certification in the U.S. could destroy tens of thousands of American jobs and
hurt forest economies in the South and the Pacific Northwest.
The study also found that a FSC monopoly would significantly reduce wood flows in the U.S., resulting in substantial economic losses for landowners and job loss for direct employees such as foresters, loggers, and millworkers. The new research represents the most comprehensive economic analysis done on forest certification standards, and was prepared for EconoSTATS at George Mason University by Brooks Mendell, PhD, and Amanda Hamsley Lang at Forisk Consulting.
The study also found that a FSC monopoly would significantly reduce wood flows in the U.S., resulting in substantial economic losses for landowners and job loss for direct employees such as foresters, loggers, and millworkers. The new research represents the most comprehensive economic analysis done on forest certification standards, and was prepared for EconoSTATS at George Mason University by Brooks Mendell, PhD, and Amanda Hamsley Lang at Forisk Consulting.
Artic Paper CEO Resigns
Michał
Jarczyński, CEO of Arctic Paper S.A., has submitted his resignation, effective
on 15th July 2013 of this year. Meanwhile, the Supervisory Board has entrusted
the function of acting CEO of Arctic Paper to Mr Wolfgang Lubber the current
Member of Management Board and Sales & Marketing Director. The Supervisory
Board expressed its great gratitude to Michał Jarczyński for his 15 years of
work on development of the group.
MPA Hires New Head of Research
MPA Hires New Head of Research:
The Association of Magazine Media has hired a new market research head. Anthony Sarcone will be the association's senior vice president of marketing initiatives and insight, reporting directly to president and CEO Mary Berner.
Sarcone will be leading MPA's research initiatives as they relate to showing how magazine media can influence branding and culture.
Also under Sarcone's watch will be PIB, of which he'll be president.
The Association of Magazine Media has hired a new market research head. Anthony Sarcone will be the association's senior vice president of marketing initiatives and insight, reporting directly to president and CEO Mary Berner.
Sarcone will be leading MPA's research initiatives as they relate to showing how magazine media can influence branding and culture.
Also under Sarcone's watch will be PIB, of which he'll be president.
John Wiley Reports Q4, FY 2013
Fiscal year
adjusted revenue, which excludes the results of the divested consumer
publishing programs and the impact of foreign exchange, grew 1%. Revenue
growth on a U.S. GAAP basis was essentially flat excluding foreign
exchange.
Adjusted free
cash flow of $270 million, up from $260 million in FY12, including some
timing benefits. Adjusted free cash flow excludes a $42 million disputed
income tax deposit paid to the German tax authorities in fiscal year 2013. Fiscal Year 2014 outlook is for low single-digit revenue growth, excluding divested consumer .publishing programs, and adjusted EPS in a range of $2.85 to $2.95, which excludes all consumer programs, restructuring, impairment and other unusual items.
NAPL Survey: Industry Sales Slip
NAPL Survey Sees Industry Sales Slip, Unable to Sustain Earlier Gains: Industry sales declined 0.2% in the first quarter of 2013 as consistent growth remains elusive. Fewer than half the printers surveyed saw sales rise?the lowest reading since mid-2010.
East Rutherford, N.J. - Industry sales from all sources declined 0.2% in the first quarter of 2013, a disappointing drop following sales increases of 0.8%, 0.7%, and 0.6%, respectively, in the previous three quarters.
East Rutherford, N.J. - Industry sales from all sources declined 0.2% in the first quarter of 2013, a disappointing drop following sales increases of 0.8%, 0.7%, and 0.6%, respectively, in the previous three quarters.
Consolidated Buys St. Louis Printing Co.
Consolidated Graphics agrees to buy St. Louis printing company:
Consolidated Graphics Inc. (NYSE: CGX) has agreed to buy St. Louis-based Universal Printing Co., the Houston commercial printing company said Wednesday.
Financial terms of the deal were not disclosed.
Consolidated Graphics Inc. (NYSE: CGX) has agreed to buy St. Louis-based Universal Printing Co., the Houston commercial printing company said Wednesday.
Financial terms of the deal were not disclosed.
Tuesday, June 18, 2013
Stora Enso to Cut 2,500 Jobs
On 23 April 2013 Stora Enso announced new plans to simplify and
streamline its operations to focus its different businesses, simplify
its operations and enable greater focus on growth in value-creating
businesses. The potential EUR 200 million annual Group fixed cost
reduction from actual costs in year 2012 to second quarter 2014 run rate
will include the earlier announced EUR 30 million streamlining of the
Building and Living Business Area. All plans are subject to
co-determination negotiations in the local units.
The EUR 200 million plans do not include any capacity reduction actions. In addition to the EUR 200 million, the effect of previously announced cost and capacity reduction actions between 2012 and the second quarter of 2014 will be EUR 75 million per year.
The EUR 200 million plans do not include any capacity reduction actions. In addition to the EUR 200 million, the effect of previously announced cost and capacity reduction actions between 2012 and the second quarter of 2014 will be EUR 75 million per year.
Condé Nast Changes Glamour Leadership
Connie Anne Phillips
Returns as Publisher Condé Nast has shaken up its
longstanding publishing leadership at Glamour, historically its most profitable
brand but one that's seen unevenness in recent years. Former InStyle and Vogue
sales exec Connie Anne Phillips was named vp, publisher, replacing veteran
publisher Bill Wackermann.
Wackermann,
a polarizing figure but one known for his showmanship and repositioning
expertise, has led Glamour to record-breaking
results. At one time, he had oversight for other titles in addition to
Glamour, including Details, Bon Appétit and Brides. But Glamour has faced
stepped up competition for the young female consumer from archrival Hearst
Magazines, now under the leadership of ex-Condé Nast executive David Carey.
Glamour's ad page growth was flat in the first three months of the year, per
Publishers Information Bureau. Outside of ad sales, it hasn't helped that the
newsstand-reliant Glamour has struggled with single copy sales.
Lucky EIC Steps Down
Condé Nast's Lucky is continuing a leadership
shake-up at Lucky with the announcement today that editor-in-chief Brandon
Holley has stepped down and will be replaced by Eva Chen, who was most recently
working with Condé Nast artistic director Anna Wintour as a consultant to the
brand.
Lucky began a restructuring early this year when Gillian Gorman Round left her corporate position of senior vice president, brand development to focus on the magazine as its general manager.
Lucky began a restructuring early this year when Gillian Gorman Round left her corporate position of senior vice president, brand development to focus on the magazine as its general manager.
"Golden Age of Magazine Publishing"?
An upscale men's magazine decided to praise their favorite magazine editors'
work, declaring boldly a "New Golden Age" on its cover. Except
there's one small diversity problem: all the editors basking in this new golden
age are white dudes.
Citing a rise in magazine launches and advertising sales, Port magazine editor-in-chief Dan Crowe felt it was time to make a statement about the publishing world he operates in. "There is no doubt about it: we are entering a new golden age of magazine publishing, an age where the magazine is supported by the website and app," he writes. The Internet didn't kill the magazine like everyone thought it would. In fact, he argues, it's doing the opposite. "It’s this ‘support’ that people thought would be the death of the magazine. In fact, with the ‘cross media platform’ working well, it’s formidable to have a magazine, a format that readers and advertisers still adore." So he decided to single out the work of some editors he admires: GQ editor Jim Nelson, Wired editor Scott Dadich, Vanity Fair editor Graydon Carter, The New York Times Magazine editor Hugo Lindgren, Bloomberg Businessweek editor Josh Tyrangiel and New York editor Adam Moss.
Citing a rise in magazine launches and advertising sales, Port magazine editor-in-chief Dan Crowe felt it was time to make a statement about the publishing world he operates in. "There is no doubt about it: we are entering a new golden age of magazine publishing, an age where the magazine is supported by the website and app," he writes. The Internet didn't kill the magazine like everyone thought it would. In fact, he argues, it's doing the opposite. "It’s this ‘support’ that people thought would be the death of the magazine. In fact, with the ‘cross media platform’ working well, it’s formidable to have a magazine, a format that readers and advertisers still adore." So he decided to single out the work of some editors he admires: GQ editor Jim Nelson, Wired editor Scott Dadich, Vanity Fair editor Graydon Carter, The New York Times Magazine editor Hugo Lindgren, Bloomberg Businessweek editor Josh Tyrangiel and New York editor Adam Moss.
Printers Fighting Move to Digital Drug Facts
A Simi Valley pharmaceutical printing company is challenging language in a
congressional bill that would eliminate paper drug inserts for health care
professionals and cut into its business.
Tacked onto a bipartisan House bill focused on protecting America's
pharmaceutical distribution chain from counterfeits is a section that would
limit the availability of printed prescription drug information for health care
professionals.
Biomass Essential to California's Goals
Biofuels
developed from plant biomass and purpose-grown crops can substantially move
California toward its ambitious energy goals, a new report says, but only
through the wise allocation of feedstocks and the success of energy efficiency
measures throughout the state.
That’s the conclusion of “California Energy Future: the Potential for Biofuels,” a report of the California Council on Science and Technology (CCST) co-authored by Energy Biosciences Institute scientists Heather Youngs and Chris Somerville. The study is one of seven produced by the CCST's California's Energy Future Committee, which was tasked with understanding how the state can meet aggressive reductions in greenhouse gas (GHG) emissions required by California policy by 2050.
That’s the conclusion of “California Energy Future: the Potential for Biofuels,” a report of the California Council on Science and Technology (CCST) co-authored by Energy Biosciences Institute scientists Heather Youngs and Chris Somerville. The study is one of seven produced by the CCST's California's Energy Future Committee, which was tasked with understanding how the state can meet aggressive reductions in greenhouse gas (GHG) emissions required by California policy by 2050.
US/Cuba in Talks to Resume Mail Service
The
United States and Cuba will resume talks this week on restarting direct mail
service despite a deadlock between Washington and Havana over detainees that
has largely stalled most rapprochement efforts, a U.S. official said Monday.
U.S.
and Cuban diplomats and postal representatives will meet in Washington on
Tuesday and Wednesday for technical talks aimed at ending a 50-year suspension
in direct mail between the United States and the communist island. The official
spoke on condition of anonymity because he was not authorized to speak to the
matter publicly before Congress is notified. Lawmakers were to be notified of
the meetings starting Monday morning, the official said.
Ad Spending to Reach $517 Billion
Worldwide ad spending to reach $517B this year:
Ad spending globally will hit $517.0 billion this year, up 2.8% over 2012, according to a report from eMarketer.
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
Ad spending globally will hit $517.0 billion this year, up 2.8% over 2012, according to a report from eMarketer.
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
Ad spending globally will hit $517.0 billion this year, up 2.8% over 2012, according to a report from eMarketer.
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
Ad spending globally will hit $517.0 billion this year, up 2.8% over 2012, according to a report from eMarketer.
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
Ad spending globally will hit $517.0 billion this year, up 2.8% over 2012, according to a report from eMarketer.
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
The spending forecast, which includes such channels as digital (including mobile), directories, magazines, newspapers, outdoor, radio and TV, will slow a bit from last year's 4.4% climb. That increase was boosted in part by the Olympics, eMarketer said. The fastest growth in spending this year will come from emerging markets in Central and Eastern Europe, with an expected increase of 8.0%, and Latin America, forecast to rise 7.5%.
- See more at: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130617/ADVERTISING13/306179997/1728/rss01&rssfeed=rss01#sthash.48IhJL48.dpuf
Swift Transition to a Greener Economy
Swift transition to a green economy
The International Council of Forest and Paper Associations (ICFPA) has released its 2013 Sustainability Progress Report showing improvements on a range of sustainability indicators and focusing on the industry’s contributions toward a green economy. The report was released during the sixth biennial international CEOs Roundtable organized by the International Council of Forest and Paper Associations (ICFPA), which took place in São Paulo, Brazil in June.
The International Council of Forest and Paper Associations (ICFPA) has released its 2013 Sustainability Progress Report showing improvements on a range of sustainability indicators and focusing on the industry’s contributions toward a green economy. The report was released during the sixth biennial international CEOs Roundtable organized by the International Council of Forest and Paper Associations (ICFPA), which took place in São Paulo, Brazil in June.
Green Printer Report: Leaders in Forest Conservation
Green Printer Report Profiles Leaders in Forest Conservation: Large-volume paper users, including Sprint and over 700 publishers and printers with ecopaper policies in place, are welcoming today’s release by Canopy of "North America’s 2013 Green Print Leadership Report," a resource that will help them meet corporate sustainability goals. The conservation group’s ‘first of its kind’ report identifies North American printers taking steps to go beyond the basics on environmentally responsible paper sourcing. The report profiles printer leaders engaging in procurement policy development, forest conservation initiatives and voluntary sustainability reporting.
Green Print Leadership Report and Survey
North America’s Green Print Leadership Report and Survey: Backgrounder: Canopy’s search for North America’s Green Print Leaders culminates with today’s launch of the first ever "North America's 2013 Green Print Leadership Report." Companies that use printers have long wanted to know how their printers perform in the realms of ecopaper procurement, transparent reporting, leading sustainability policies and engagement to forward forest protection on the ground. Canopy’s 2013 Report is designed to demystify the information on sustainable practices and shine a spotlight on printers that have distinguished themselves in this growing field of endeavor.
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