Wednesday, July 3, 2013

Carlyle Group Acquires Chesapeake

Global Alternative Asset Manager The Carlyle Group today announced the acquisition of Chesapeake, one of the largest global suppliers of value-added paper-based packaging products and services from Irving Place Capital and funds managed by Oaktree Capital Management.
Capital for this investment will come from Carlyle Europe Partners III L.P., a €5.3billion fund that makes mid- and large-cap investments. Further terms of the investment were not disclosed.

Neenah to Sell Gruppo Cordenons Paper

Neenah Paper today announced it has signed an exclusive partnership agreement with Gruppo Cordenons, the Italian maker of high quality fine papers, to market and distribute all Cordenons papers to the US and Canada.
The papers will continue to be manufactured by Gruppo Cordenons at its two paper mills in Italy, the Cordenons Mill, a state of the art facility and at the Scurelle paper mill, both in Northern Italy. The papers will be available to Neenah distributors beginning September 3, 2013.

USW Says National Envelope Remains Strong

http://www.usw.org/media_center/releases_advisories?id=0722
The United Steelworkers (USW) Union is reassuring its members employed by National Envelope, as well as the company's customers and suppliers, that the union is committed to seeing the business remain strong as it works through the Chapter 11 bankruptcy process.
"Our union is dedicated to ensuring that National Envelope works through this bankruptcy process to be a stronger, restructured company that is able to capitalize on market opportunities, and be a secure employer for our members and their local communities," said USW International President Leo W. Gerard.

Davler Media Group Buys New York Spaces

http://www.foliomag.com/2013/davler-media-group-buys-new-york-spaces#.UdR7G1OYyKw 
Montvale, New Jersey-based Wainscot Media, which publishes 18 regional magazines, has sold New York Spaces to Davler Media Group. Terms of the deal were not disclosed, but it includes the magazine, published 9 times per year, its website and its Top 50 Design Gala.
New York Spaces was bolstered by Wainscot's purchase of New York Home from Hour Media back in 2007 when the company folded the latter title into its existing luxury interior design magazine. Jason Kontos, who was editor-in-chief of New York Home and then New York Spaces, will continue in this role with Davler Media. Five other employees will also remain with the magazine.

Hearst's Esquire Tries Paywall

For the first time, Esquire is dipping its toe into the realm of paid Web content. This morning, the Hearst Magazines title published “The Prophet,” a feature from its August issue, online—and rather than offering the entire article for free or posting a teaser to get readers to buy the magazine itself, Esquire is asking readers to pay $1.99 for the privilege of reading the article online.

SANDOW Sells Furniture Today Group

SANDOW, publisher of Luxe Interiors + Design, Worth and NewBeauty, among others, announced today that it sold its Furniture Today Media Group to newly-formed FT Media Holdings, LLC.
Financial terms were not released. SANDOW's chairman and CEO Adam Sandow declined to offer any other details on a sale price, but says the group's profits grew 40 percent since the company bought the Furniture Today assets from Reed Business Information in 2010.
 
The RBI deal also included Interior Design, which SANDOW will keep.

Financial Times/Wyndeham Extend Contract

Wyndeham Group has renewed and extended its printing contract with the Financial Times for a further three years until May 2016. This new arrangement includes additional titles moving to Wyndeham from Polestar.The portfolio, which includes the weekly Financial Adviser and monthly Money Management, will move to Wyndeham in August and will join the existing titles How to Spend It and Investors Chronicle together with other work which are currently printed at Wyndeham’s Peterborough and Heron web offset sites.

Tuesday, July 2, 2013

July 2, 2013 Daily News

A.T. Clayton will not be publishing the Daily News today. It will resume tomorrow. We apologize for any inconvenience.

Monday, July 1, 2013

Resolute Forest Products Sues Greenpeace

A Quebec-based Resolute Forest Products Inc. is suing Greenpeace for $7 million, accusing the environmental group of defamation, malicious falsehood and intentional interference with economic relations.
In the 40-page suit filed in Ontario Superior court in late May, Resolute alleges the conservation agency has damaged the company's "business, goodwill and reputation."
The company lists multiple incidents, beginning in December 2012, where it says Greenpeace wrongly accused the company of logging in areas it shouldn't have been and not honouring the pensions of company retirees.

Transformative Sustainability: Domtar's 2020 Roadmap

Domtar Corporation today released its 2012 Sustainable Growth Report, providing a Year-1 update on its 2020 sustainable business roadmap.  Progress is being tracked through a framework of 35 key performance indicators that cover the range of the Company's sustainability efforts, from increasing production efficiency and environmental footprint reductions, to promoting the development of employees, serving customers better and contributing more effectively to host communities.
The report highlights a long list of Year-1 achievements: the Company's best year on record for health and safety performance; close to 85% renewable energy use; decreasing greenhouse gas emissions intensity; and, increasing FSC® certified fiber use.  Additional focus in the report is also given to innovations that have resulted in almost half of what was previously considered mill by-product "waste" now providing economic value through beneficial re-use; greater employee engagement around sustainable business issues; and, Domtar's deep connections to local communities.

IP Notes Sustainability Progress

International Paper published its 2012 Sustainability Report, revealing progress against its voluntary goals including certified fiber use, greenhouse gas (GHG) emission reductions, and water quality improvement. 
In 2011, International Paper announced 12 environmental and social goals that it planned to achieve by 2020.

Sappi to Divest Swaziland Assets for Rand 1 billion

Sappi will part with its Usutu assets in Swaziland. The firm announced this morning that it entered into an agreement with Montigny Investments in terms of which the latter will acquire all the shares in Usutu Forest Products Company for Rand 1 billion ($101 million).
Usutu controls some 67,000 ha of softwood plantations, a decommissioned pulp mill and two villages in close proximity to the pulp mill, all located in the Kingdom of Swaziland.

US Publishers See Ongoing Growth, Including Print

English-language books from US Trade sector publishers continue to flourish worldwide, especially in Europe and Asia and in expanding online international retail sales channels, according to the second annual Association of American Publishers (AAP) Export Sales Report being released today.The report also shows particular worldwide growth in US-published, English-language fiction for Adults and Young Adults.
The report examines US Trade sector (publishers of fiction and non-fiction) 2012 net sales revenue from international markets and includes data from all major consumer publishing houses. 
Total overall 2012 net revenue from non-US markets reported by publishers is $833.389 million, increasing +7.2% vs 2011. This represents 135,526 million units, a gain of +2.4% vs last year. Publishers’ net revenue from export of eBooks increased by +63% and print books by +1.3% over the same period.

Hachette Book Group to Acquire Disney's Hyperion

Hachette Book Group, a division of French publishing giant Hachette Livre, says it's buying Disney's Hyperion, in a deal that will significantly expand HBG's backlist with about 1,000 books and a list of forthcoming titles from authors including actor Ethan Hawke.
Hachette Book Group did not disclose the price it's paying to acquire Hyperion, which has published more than 250 bestsellers.
Hachette Book Group CEO Michael Pietsch was quoted in a Friday statement as saying that Hyperion, with its strong non-fiction list, is a "perfect complement" to HBC.
The statement says that under the deal, Disney Publishing Worldwide is to retain Disney-Hyperion branded children and young adult titles.

Penguin/Random House Merger Completed

Random House and Penguin completed their planned merger Monday morning, creating the biggest and most powerful book publisher in the world.
The new company, called Penguin Random House, will control more than 25 percent of the trade book market in the United States, giving it unmatched leverage against Amazon.com, a growing force in the industry. 
Bertelsmann and Pearson, the European owners of Random House and Penguin, respectively, announced the merger in October, saying that Bertelsmann would control 53 percent of the company and Penguin 47 percent. Since then, the merger has sailed through regulatory approvals in the United States and Europe, as well as China, Canada and other countries. 
The new company would have more than 10,000 employees, 250 independent publishing imprints and about $3.9 billion in annual revenues.

Warc Boosts U.S. Ad Spending Projection

http://www.btobonline.com/apps/pbcs.dll/article?AID=/20130628/ADVERTISING13/306289997/warc-downgrades-global-ad-spending-forecast-boosts-u-s-projectio
Global ad spending will increase 3.4% this year, according to a downgraded forecast from media intelligence firm Warc. The prediction is down from a January forecast of 4.0% growth.
Next year, Warc projected, global ad spending will rise 5.4%.
In the U.S., ad spending will increase 1.8% this year, according to Warc's latest forecast. In January it had predicted a 0.3% decline.

RDA Bankruptcy Plan Approved

http://www.foliomag.com/2013/rda-bankruptcy-plan-approved-court#.UdG7yOuYyKw
RDA Holding, parent company of The Reader's Digest Association, had its plan for emergence from bankruptcy approved and will officially exit Chapter 11 in late July. 
The company is set to reemerge with about $100 million in debt, down from around $500 million before the filing in February. RDA says it converted approximately $465 million in secured notes to equity. 
The U.S. Bankruptcy Court for the Southern District of New York approved the measures Friday afternoon. 
According to CEO Robert Guth, RDA will focus on its "most profitable core businesses" moving forward. Ancillary units—including Every Day with Rachel Ray and Allrecipies.com—have already been divested.
The publisher's flagship titles, Reader's Digest and Taste of Home, have slowly trended upward since Guth took over in September of 2011.

Senator Vows Postal Reform Act by July 4

Sen. Tom Carper (D-Del.), chairman of the Senate subcommittee that oversees the United States Postal Service, told a group of postal officials and business leaders yesterday at the Postal Vision 2020 conference that he expected to have a new reform bill passed by both Houses of Congress and sitting on President Obama's desk before Congress's July 4 recession. 
“It's not easy to get this done, but we can get this done and, in the end, we have no choice,” Carper told a group of postal officials and business leaders at the conference held across street from USPS headquarters in Washington, DC. 
Carper was a coauthor of the 21st Century Postal Act that failed to gain passage during the lame-duck session of Congress at the end of 2012. Had it passed, the act would have given USPS some relief from its $5 billion a year obligation to prepay pension benefits for its employees and allowed it to pursue other cost-cutting and revenue-building opportunities. Its failure to pass the house led to Postmaster General Patrick Donahoe's controversial announcement to cut Saturday mail delivery.

Private Forest Owners Significant Contributers to Economy

The National Alliance of Forest Owners (NAFO) today released new data confirming the strong value forest owners provide to the U.S. economy. “The Economic Impact of Privately-Owned Forest in the United States” reveals forest owners support 2.4 million jobs, $87 billion in payroll, $223 billion in sales and 5.7 percent of all U.S. manufacturing. In addition to the full report, NAFO’s interactive U.S. map provides a convenient snapshot of individual state data.

Friday, June 28, 2013

Norske Skog Opens New Headquarters

Norske Skog - new head quarter location: The Mayor of Oslo Fabian Stang made the official opening of Norske Skog's new head quarter at Skøyen in Oslo. Norske Skog has had its headquarters at Oxenøen in the municipality of Bærum since 1998.
Norske Skog has undergone a major reorganisation and downsizing in recent years, reducing the need for the large premises at Oxenøen. The CEO Sven Ombudstvedt said at the opening ceremony: "Norske Skog is a very different company today than it was just a few years ago. Our intention is to have timely, efficient and pleasant premises, adapted to the number of employees and our current business".
(Norske Skogindustrier ASA)

Sonoco Raises Prices on Cores and Tubes

Sonoco (SON) today announced that it will raise the price for all paperboard tubes and cores by 5 percent, effective with shipments in the United States and Canada beginning July 15, 2013.
"This price increase is necessary to recover recently announced paperboard price increases," said James Harrell , vice president, Tubes and Cores- North America .
Sonoco is the largest producer of paper-based tubes and cores in North America , used to serve the paper, textiles, plastic films, and tape and specialty industries.

Liens Sought on Cate Street Capital Millinocket Mill

The town could seek tax liens on properties owned by Cate Street Capital LLC and Specialty Minerals Inc. as early as Friday in response to what Town Manager Peggy Daigle called the town's cash flow crisis, officials said Wednesday.
Daigle will seek Town Council permission on Thursday to put liens on Cate Street's Katahdin Avenue paper mill site and on properties there owned by Specialty Minerals, she said.
The value of all site property is $62 million - 24 percent of the town's total taxable value, Daigle said.

FSC Develops Program for Small Landowners

The Forest Stewardship Council (FSC) has launched a fund to support the FSC certification for small forest landowners, as well as contribute with the improvement of the supply chain management, the investment on new machinery and the increase in access to certified products.
To be eligible to participate, the landowners must fill out a form with information on their businesses and the plan to utilize the subsidies, as well as a signed commitment to the fund's terms and conditions, by no later than Jun. 30. A second stage of the process would require a full dossier, to be submitted for the FSC's approval. Finally, the selected candidates would be contacted by the regional offices of the FSC to perform the transfer of subsidies. Funded by a percentage of the FSC's administrative rate, the program intends on distributing up to Euro 420,000 to the selected applicants by October 2013.

Oriental Trading Buys Toy Maker Mindware

Oriental Trading Co., which is part of Warren Buffett's Berkshire Hathaway conglomerate, has purchased toy maker MindWare Holdings Inc. to help expand its product offerings.
Financial terms were not disclosed.
Oriental Trading offers party supplies, arts, crafts, toys and other trinkets through its website and catalog.
MindWare, based in Minneapolis, sells its toys at retailers, through catalogs and its website and through distributors in more than 35 countries. Its products include Qwirkle, an educational game that requires tactical maneuvers and a well thought out strategy.
Some MindWare products will be shown in Oriental Trading's catalogs and on its website during the holidays.
Buffet's Berkshire Hathaway Inc. had announced plans to buy Omaha, Neb.-based Oriental Trading in November. Financial terms were not disclosed.

MediaPost Mag Bag

Layoffs At Boy's Life, Scouting
Layoffs are coming to two iconic magazines associated with The Boy Scouts of America, Boy’s Life and Scouting. Altogether, around 34 layoffs are expected, with 17 positions already cut and another 17 due by the end of the year. Most of the positions cut came in the marketing department, according to a statement from the BSA.
Folio: also reports that BSA has entered into a partnership with educational publisher Pearson to consider various options for restructuring the publications, although there are currently no plans afoot to reduce the frequency of Boy’s Life or Scouting -- which publish 12 and five times per year, respectively.
B&N Hands Off Nook Manufacturing
Tablet computers may be the wave of the future, but not for Barnes & Noble, which is handing off responsibility for manufacturing its Nook devices to an as-yet-undesignated partner, according to the company’s most recent earnings announcement. 

Mastrangelo Leaves Rolling Stone 
Matt Mastrangelo stepped down from his position as publisher of Rolling Stone on June 21, according to the New York Post, which reported the news earlier this week. Neither Mastrangelo or owner Wenner Media provided a reason for Mastrangelo’s departure after three years at the publication.

News Corp. Splits

http://adage.com/article/media/news-corp-spinoff-forces-publishing-arm-prove-growth/242901/ Rupert Murdoch bowed to investor pressure to split his six-decade-old publishing business from the rest of News Corp.'s media empire. Now it's time for the newspaper unit to prove it can make it on its own.
Publishing CEO Robert Thomson has promised cost-cutting and buzzy innovation.  
The publishing unit -- owner of the Wall Street Journal, the New York Post and London's Sunday Times -- officially becomes independent today, losing the backing of News Corp.'s entertainment business as it pursues growth in a declining industry. The newspaper company, which will keep the
News Corp. name, is valued at about $8.9 billion -- a seventh the level of entertainment business, which will be called 21st Century Fox. 
Robert Thomson, who will be CEO of the publishing group, promised investors last month that the company would be "relentless in our cost cutting and in our pursuit of profits."

Insert Cards Still Valuable Alternative

Why It's Worth It to Revive Your Wrap and Tip Promos:
Not everyone subscribes or renews online. There is a great temptation to use all things new in promotions and ignore the old—the wise circulation manager and audience developer will not fall into this trap. Not every promotion makes a profit, sometimes things have to be done for what they achieve rather than what they cost. Insert cards for instance almost never pay for themselves, but they get orders from every issue and are a good source of low-cost subscriptions compared to other types of promotion. If you don’t believe me, ask the folks at TV Guide.

BPA Redesigns Brand Report

BPA Redesigns, Shifts Exclusively to Brand Report Format: BPA Worldwide is planning to transition all of its business and consumer members to its Brand Report format, which allows audience developers to report audience metrics for all of a brand's media channels. The auditing firm will phase out its traditional circulation statement with the December 2013 reporting period.

M&A Activity Slows in 1H

Media M&A Activity Slows in 1H: Media business purchasing picked up after a slow first quarter, but year-over-year activity was down slightly in the first half of 2013, according to a report from the Jordan, Edmiston Group (JEGI).

NJ's Largest Paper Demands Union Concessions

NJ's Largest Paper Threatens Unions with Closure: The owners of The Star-Ledger plan to close New Jersey's largest newspaper by year's end if its production unions don't make concessions in contract negotiations, the publisher said Wednesday.

Thursday, June 27, 2013

Wausau/Expera Close Specialty Paper Sale

Wausau Paper Announces Closing of Specialty Paper Business Sale: Wausau Paper (NYSE:WPP) (“Wausau”) yesterday confirmed the closing of its previously announced definitive agreement entered into on May 18 to sell its specialty paper business to Expera Specialty Solutions, LLC, a newly formed company sponsored by KPS Capital Partners L.P., a New York-based private equity firm.
The transaction includes Wausau Paper’s manufacturing facilities in Mosinee and Rhinelander, Wisconsin, and resulted in net cash proceeds to Wausau, subject to certain post-closing adjustments, of approximately $105 million after settlement of transaction-related liabilities, transaction costs and taxes.

Catalyst Names Interim CEO

Catalyst Paper (TSX:CTL) today announced the appointment of Denis Jean, a current director of the Board as the company’s interim president and chief executive officer, effective immediately.
A veteran of the industry, Mr. Jean was president and chief executive officer of Cascades Fine Papers Group Inc. from 2002 to 2005. Prior to that, he held executive roles with Abitibi Consolidated Inc. and Donohue Inc. Mr. Jean holds a BSc.A (electrical engineering) from Universite de Montreal.

Canadian Pakaging Mills Reach 76.4% Recycled

The average recycled content of paper packaging produced by Canadian mills for use in Canada is close to 80%, according to the industry's environmental council, PPEC. The council surveys the industry every two years and has been tracking recycled content since 1990. For 2012, the average was 76.4%, basically the same as in 2010.

Blue Heron Site Bought by Developer

A California development company has signed a purchase agreement for the historic Blue Heron mill site at the base of Willamette Falls, an industrial property deeply rooted in Oregon history. Eclipse Development Group of Irvine, Calif., known for mid-level retail projects, is the first buyer to make an offer since the bankrupt paper mill closed for good in early 2011, putting 175 employees out of work.
Terms of the deal were not disclosed, but details will be outlined in paperwork filed today with the U.S. Bankruptcy Court in Portland, said bankruptcy trustee Peter McKittrick.

How Forbes Magazine Stays Ahead of the Curve

Innovation is taking over the publishing industry, and big names such as Forbes are at the helm of the change.  Over at BtoB Media Business, President and CEO Mike Perlis discusses how Forbes has stayed current in the publishing world for nearly 100 years.  By approaching each day as a “startup” company, the leading authority in business media is able to apply innovation to everyday publishing. The symbiotic relationship that exists between print and digital publishing can make or break a publication – and Forbes thrives on that synergy.
Listen to Perlis discuss his strategy.

Great American Media Buys B-to-B Sports Mags

Great American Media Services Buys Two B-to-B Sports Mags:  Sparta, Michigan-based Great American Media Services has purchased two b-to-b media brands from Lessiter Publications, based in Brookfield, Wisconsin. The deal includes the magazines Coach and Athletic Director and Winning Hoops, as well as associated websites and newsletters.

The Catch-22 of Magazines and Mobile

The Catch-22 of Magazines and Mobile: Q&A with Rachel Pasqua:  ...But what does Google's market dominance by a single player mean to the rest of the publishing market? min asked Rachel Pasqua, former mobile lead at iCrossing and co-author (with eMarketer's own principal analyst Noah Elkin) of Mobile Marketing: An Hour a Day, whether Google’s gobbling of the market is good or bad news for magazine publishers.

Hyatt Guests Can Print Their Own Postcards

Hyatt is testing a Facebook-enhanced system called Postagram that prints postcards.
Through Aug. 15, the hotelier is encouraging guests to personalize up to two complimentary postcards via a Facebook app that's available on Postagram and Hyatt's pages on the social site. 
In five steps, Hyatt lodgers can add a photo and a 180-character message to the postcard before entering the name and address of a friend, putting USPS delivery into motion. It's an unusual blend of digital and old school direct marketing, ultimately serving as a branding vehicle when seen by the snail-mail recipient. Hyatt is promoting the test via social media channels and printed materials in the rooms of the Chicago-based chain.

F+W Media Introduces CraftDaily.com

Interweave, an imprint of F+W Media, Inc., the nation’s number one craft media company, enriches crafters worldwide with the launch of a new website, CraftDaily.com.
Full-monthly access to CraftDaily.com is less than the cost of a single course elsewhere. Access to the site is available through a tiered-subscription program, starting as low as $11.99 a month. The only requirement to membership is an Internet connection.  Subscription options range from full site access to more specialized access to specific content.

Nonprofit Journalism Role in Publishing

Nonprofit journalism is now central to the American national news ecosystem; ProPublica, the Center for Investigative Reporting, and the Center For Public Integrity, among others, regularly make distribution agreements with major media organizations that give them enormous reach.

Newsroom Employment Continues Slide

Total newsroom employment declined by 6.4 percent in 2012 while the proportion of minorities in newsrooms remained about even, according to the annual census released today by the American Society of News Editors and the Center for Advanced Social Research. 
There are about 38,000 full-time daily newspaper journalists at nearly 1,400 newspapers in the United States. That's a 2,600-person decrease from last year's 40,600. Of the 38,000 employees, about 4,700 or 12.37 percent are racial minorities; the percentage of minority employees has consistently hovered between 12 and 13 percent for more than a decade.

Renewables Will Be Second-Largest Power Source

Renewable energy is set to surpass natural gas to become the world's second-largest power source by 2016, making it a small bright spot in the otherwise bleak outlook for mitigating climate change, the International Energy Agency said Wednesday.
The IEA, which advises rich industrialized countries on energy policy, has warned repeatedly that the world is on an unsustainable energy path and earlier this month said the climate deal that international governments are targeting by 2020 could come too late to avert a global temperature increase of more than 2 degrees Celsius.

Consolidated Graphics Awarded Patent

Consolidated Graphics, Inc. Awarded Patent for Three-Dimensional Automated Flat Mailer: The CGX Flex Mailer® Saves Customers Millions of Dollars in Postage Expense
HOUSTON - Consolidated Graphics, Inc., one of North America's leading commercial printing companies and the world's largest digital printer, was recently awarded a patent for the company's CGX Flex Mailer, a unique, eco-friendly mailing solution that generates significant postage savings by enabling non-machinable items to be mailed as automated flats through the U.S. Postal Service.

AMSP, NAPL Boards Take Next Step

AMSP, NAPL Boards Move Toward Consolidation: Directors Pass Resolution Directing Due Diligence Leading to Recommendation for Consolidation to Members
The Boards of Directors of the Association of Marketing Service Providers (AMSP) and the National Association for Printing Leadership (NAPL) have unanimously passed a resolution to facilitate their consolidation.