Dick's acquired rights to operate retail stores under the 140 year old Field & Stream brand in late 2012. When the company reported fourth quarter results earlier this year indicated it would open two Field & Stream stores focused on outdoor categories and two True Runner locations in 2013. Dick's already operates a large number of stand alone golf stores under the Golf Galaxy banner.
Friday, July 19, 2013
Dick's Sporting Goods Opens Field & Stream Store
Dick's acquired rights to operate retail stores under the 140 year old Field & Stream brand in late 2012. When the company reported fourth quarter results earlier this year indicated it would open two Field & Stream stores focused on outdoor categories and two True Runner locations in 2013. Dick's already operates a large number of stand alone golf stores under the Golf Galaxy banner.
Men's Fitness Raises Rate Base
Buffett Buys 31st Newspaper
Warren Buffett's Berkshire Hathaway Inc. is adding a New Jersey
newspaper, The Press of Atlantic City, to its collection of more than two dozen
small and medium-sized newspapers. Omaha, Neb.-based Berkshire said Thursday
that it's buying the Press from Abarta, which is a private Pittsburgh firm held
by the Taylor and Bitzer families. The Press will be Berkshire's 31st daily
newspaper. It has a daily circulation of 67,000 and a Sunday circulation of
77,000 and is based in Pleasantville, just outside the shore resort community
of Atlantic City, best known for its casino industry. Financial terms were not
disclosed.
Thursday, July 18, 2013
UPM Seeking Buyers for Docelles and Aigrefeuille
http://www.paperage.com/2013news/07_18_2013upm_docelles_aigrefeulle.html
UPM said that
it is continuing to seek buyers for its Docelles paper mill and Aigrefeuille
further processing mill in France.
UPM's
Docelles paper mill in eastern France, has the capacity to produce 160,000 tpy
of uncoated fine paper.
Currently, UPM has received a conditional offer for the Aigrefeuille mill, but is still working with interested parties to develop a credible offer for the Docelles mill.
Currently, UPM has received a conditional offer for the Aigrefeuille mill, but is still working with interested parties to develop a credible offer for the Docelles mill.
Harbor Paper Workers Advised to Find New Jobs
http://www.theolympian.com/2013/07/17/2625662/employment-officials-advise-hoquiams.html
It's been months since the owners of Harbor
Paper in Hoquiam have had anything substantive to say publicly about the fate
of their mothballed mill, and local unemployment officials are advising laid
off employees to treat no news as bad news and look for new jobs.
WorkSource Grays Harbor hosted a series of "rapid response" meetings for the unemployed mill workers Tuesday to inform them of their unemployment benefit rights. It's been nearly five months since the mill was shut down, and the company has been silent regarding future plans. WorkSource Manager Ron Schmidt said workers need to start operating under the assumption that Harbor Paper isn't going to re-open.
WorkSource Grays Harbor hosted a series of "rapid response" meetings for the unemployed mill workers Tuesday to inform them of their unemployment benefit rights. It's been nearly five months since the mill was shut down, and the company has been silent regarding future plans. WorkSource Manager Ron Schmidt said workers need to start operating under the assumption that Harbor Paper isn't going to re-open.
International Paper's Big Pulp Bet in Russia
http://online.wsj.com/article/SB10001424127887324183204578567410469034722.html
When the chief executive of International
Paper Co. IP +0.38% arrived in a
private jet for his first visit to this Siberian city five years ago, he had to
wait three hours on a metal bench in the garagelike airport until someone showed
up to look at his passport.
Russia has a reputation as a tough place for foreign companies to do business. But that's not stopping Memphis-based International Paper from making a big bet on Siberia. Paul Sonne and James R. Hagerty report.
Russia has a reputation as a tough place for foreign companies to do business. But that's not stopping Memphis-based International Paper from making a big bet on Siberia. Paul Sonne and James R. Hagerty report.
John Faraci has
faced many more hassles as an investor in this remote and frigid city:
Squabbles with Russian partners in a joint venture, a bloated payroll, repeated
complaints over the smell of a wood-pulp production plant and enough crime so
that 5% of a Russian venture's workforce is devoted to security.
Norske Skog Reports Q2 Results
http://www.norskeskog.com/Default.aspx
Net interest-bearing debt increased by NOK 159 million to NOK 6 641 million reflecting NOK depreciation, net financial items and cash proceeds from divestments
Divestment of 51% of Norske Skog Pisa announced and completed in the quarter, terms for disposal of remaining 49% agreed upon with the same buyer.
Second quarter of 2013: Gross operating earnings NOK 214
million (NOK 174 million in the first quarter of 2013)
Cash flow from operating activities NOK 298 million before
net financial payments in the quarter (NOK -122 million in the first quarter of
2013) Net interest-bearing debt increased by NOK 159 million to NOK 6 641 million reflecting NOK depreciation, net financial items and cash proceeds from divestments
Divestment of 51% of Norske Skog Pisa announced and completed in the quarter, terms for disposal of remaining 49% agreed upon with the same buyer.
The Transforming Consumer Magazine Business
http://www.foliomag.com/2013/transforming-consumer-magazine-business-has-not-been-good-newsstand#.UehE4FOYyKw
Consumer magazine publishers are learning how to cope in an environment
racked by massive shifts in technology that have altered how people consume
media. However, in regard to its effect on newsstand sales, neither publishers
nor their key newsstand supply-chain partners, have been fully realistic in evaluating
its effect on newsstand sales.
The stultifying naiveté that surrounds the effect of these changes has never been more apparent than at the recent MPA/PBAA sponsored retail conference. In MPA President, Mary Berner’s presentation and in a roundtable discussion with four leading executives from the magazine industry—Steve Lacey (Meredith), David Carey (Hearst), Skip Zimbalist (Active Interest Media), Bob Sauerberg (Condé Nast)—there was lots of talk about promotion and marketing “solutions”, how valuable magazines are to retailers and newsstand’s relevance for publishers. The discussions, though well measured, were somewhat surreal, almost as if they involved tweaking a well-oiled machine. There was hardly a hint that the antiquated magazine newsstand channel was on the verge of collapse.
The stultifying naiveté that surrounds the effect of these changes has never been more apparent than at the recent MPA/PBAA sponsored retail conference. In MPA President, Mary Berner’s presentation and in a roundtable discussion with four leading executives from the magazine industry—Steve Lacey (Meredith), David Carey (Hearst), Skip Zimbalist (Active Interest Media), Bob Sauerberg (Condé Nast)—there was lots of talk about promotion and marketing “solutions”, how valuable magazines are to retailers and newsstand’s relevance for publishers. The discussions, though well measured, were somewhat surreal, almost as if they involved tweaking a well-oiled machine. There was hardly a hint that the antiquated magazine newsstand channel was on the verge of collapse.
Condé, Biggest September in Five Years
http://www.adweek.com/news/press/cond-nast-touts-biggest-september-five-years-151247
Fashion bible Vogue is taking the top spot in the closely watched September ad page contest, which is widely seen as a yardstick of the health of the industry.
The Condé Nast book weighed in last year at 658 ad pages; this year, publisher Susan Plagemann added 1 percentage point for a total of 665 total ad pages. That marks four issues in a row of growth and Vogue’s second largest issue ever. (2007 remains the record-breaker with 725 ad pages, but that number included a Fashion Rocks supplement.)
Time Inc.'s InStyle, historically a close second to Vogue, came in at 455 pages. Publisher Karin Tracy, who joined from Entertainment Weekly in May, succeeding Connie Anne Phillips, tweeted that the September issue was its largest-ever. Also closing its largest issue ever is sister title People StyleWatch, up 3 percent with 190 ad pages.
Fashion bible Vogue is taking the top spot in the closely watched September ad page contest, which is widely seen as a yardstick of the health of the industry.
The Condé Nast book weighed in last year at 658 ad pages; this year, publisher Susan Plagemann added 1 percentage point for a total of 665 total ad pages. That marks four issues in a row of growth and Vogue’s second largest issue ever. (2007 remains the record-breaker with 725 ad pages, but that number included a Fashion Rocks supplement.)
Time Inc.'s InStyle, historically a close second to Vogue, came in at 455 pages. Publisher Karin Tracy, who joined from Entertainment Weekly in May, succeeding Connie Anne Phillips, tweeted that the September issue was its largest-ever. Also closing its largest issue ever is sister title People StyleWatch, up 3 percent with 190 ad pages.
Future PLC to Trim Print Costs
Enthusiast publisher Future PLC, with brands in the technology,
gaming and music markets, released its fiscal third-quarter results
today and digital revenues continue to climb.
The company's board and management, however, feel revenue, which was flat at about $116 million for the quarter, has been lagging. EBITDA is expected to be about $14.4 million for the year.
The company's board and management, however, feel revenue, which was flat at about $116 million for the quarter, has been lagging. EBITDA is expected to be about $14.4 million for the year.
AJR Shuts Down Print Edition
http://www.foliomag.com/2013/ajr-shuts-down-print-edition-goes-online-only#.UehGK1OYyKw
The American Journalism Review (AJR) is ceasing print publication and will go online only with a redesigned website beginning in the fall.
As newsrooms continue to shrink, journalism
and media students are facing a harsh reality upon graduation. Media companies
are changing business models and expectations rapidly.
Those changes are starting to trickle down to
colleges. The American Journalism Review (AJR) is ceasing print publication and will go online only with a redesigned website beginning in the fall.
Digital Books 20% of Market
http://www.christianretailing.com/index.php/newsletter/latest/25709-digital-books-now-constitute-20-of-book-market
Maintaining an upward trend, publishers' revenue from e-books has increased
nearly 45% since 2011, and digital books "now constitute" 20% of the
overall book market, according to BookStats Volume.
Incorporating net sales revenue and unit data from nearly 1,500 publishers as well as estimates and analysis of the publishing industry, BookStats Volume 3, which will be available for purchase in June, is billed as the most comprehensive evaluation and analysis of the book industry.
Incorporating net sales revenue and unit data from nearly 1,500 publishers as well as estimates and analysis of the publishing industry, BookStats Volume 3, which will be available for purchase in June, is billed as the most comprehensive evaluation and analysis of the book industry.
New Look for DISCOVER Magazine
http://www.magazine.org/node/25958
Changes in the magazine are rooted in Discover’s 33-year history of providing readers with clear, understandable journalism covering a wide range of topics, including human biology, astronomy, psychology, technology, and the environment.
Discover, the world’s
leading science magazine edited and designed for a general audience, introduces
a comprehensive new design and an updated logo with its September 2013 issue.
Hallmarks of the redesign include new typefaces, a fresh color palette, and
a bold new front-of-book section called The Crux, as well as a new tagline,
“Science for the Curious.” Changes in the magazine are rooted in Discover’s 33-year history of providing readers with clear, understandable journalism covering a wide range of topics, including human biology, astronomy, psychology, technology, and the environment.
Forbes, Tasting Room Launch Forbes Wine Club
http://www.magazine.org/node/25959
Forbes Media and Lot 18, the New York-based wine e-commerce company, today
announced the launch of Forbes Wine Club. ForbesWineClub.com is powered
by Tasting Room, the one-of-a-kind wine subscription service by Lot18 in which
members can create their personal WinePrints and receive wine selections
tailored to their specific tastes.
Hearst Names Executive Director Men's Group
http://www.medialifemagazine.com/people-7-17-13/
Dawn Sheggeby has been promoted at
Hearst Magazines, rising to executive director of group strategy and
development for the men’s group. Sheggeby was most recently director of
integrated marketing at Esquire.
Big Data and Luxury Shoppers
http://www.dmnews.com/big-data-and-the-1-percent/article/303563/
Luxury shoppers make up only 3 percent of the
population. And truly wealthy, versus affluent, customers make up an even
smaller percentage—that fabled 1 percent.
These consumers look and behave differently than the average consumer online in terms of everything from what they buy to the types of devices they use to buy them. But as different as they are, identifying and reaching them online isn't always easy. A recent Luxury Institute study surfaced the fact that 63 percent of affluent consumers would choose to opt-out of online tracking, given the opportunity. That's a pretty strong indication that these customers, more than other groups, cherish their privacy and don't necessarily want to be found online.
These consumers look and behave differently than the average consumer online in terms of everything from what they buy to the types of devices they use to buy them. But as different as they are, identifying and reaching them online isn't always easy. A recent Luxury Institute study surfaced the fact that 63 percent of affluent consumers would choose to opt-out of online tracking, given the opportunity. That's a pretty strong indication that these customers, more than other groups, cherish their privacy and don't necessarily want to be found online.
Postmaster General Comments on Postal Reform
http://whattheythink.com/news/64520-postmaster-general-urges-congress-fix-postal-service-business-model-address-marketplace-realities/
Postmaster General Patrick R. Donahoe told a
House committee today the Postal Service continues to face systemic financial
challenges because it has a business model that does not allow it to adapt to
changes in the marketplace and it does not have the legal authority to make the
fundamental changes that are necessary to achieve long-term financial
stability.
The Postal Service’s legislative requirements, as part of its Five-Year Business Plan, include:
Require USPS Health Care Plan (Resolves Retiree Health Benefits Prefunding Issue)
Refund FERS Overpayment and Adjust Future FERS Payment Amount
Adjust Delivery Frequency (Six-Day Packages/Five-Day Mail)
Streamline Governance Model (Eliminate Duplicative Oversight)
Provide Authority to Expand Products and Services
Require Defined Contribution Retirement System for Future Postal Employees
Require Arbitrators to Consider Financial Condition of Postal Service
Reform Workers’ Compensation
http://whattheythink.com/news/64531-printing-industries-america-urges-action-postal-legislation/
Rep. Darrell Issa (R-CA), the chairman of the House Oversight and Government Reform Committee, issued a “discussion draft” of a postal reform bill in May that included compromises he hopes will win bipartisan approval.
The Postal Service’s legislative requirements, as part of its Five-Year Business Plan, include:
Require USPS Health Care Plan (Resolves Retiree Health Benefits Prefunding Issue)
Refund FERS Overpayment and Adjust Future FERS Payment Amount
Adjust Delivery Frequency (Six-Day Packages/Five-Day Mail)
Streamline Governance Model (Eliminate Duplicative Oversight)
Provide Authority to Expand Products and Services
Require Defined Contribution Retirement System for Future Postal Employees
Require Arbitrators to Consider Financial Condition of Postal Service
Reform Workers’ Compensation
http://whattheythink.com/news/64531-printing-industries-america-urges-action-postal-legislation/
Michael
Makin, President and CEO of Printing Industries of America, today issued the
following statement at the conclusion of the U.S. House of Representatives
Committee on Oversight and Government Reform’s hearing titled “A Path Forward
on Postal Reform.”
Donahoe weighs in on
postal reform proposals.
Postmaster General Patrick Donahoe today
approached the House committee preparing a postal reform
bill with one overriding question: “Does it enable $20 billion in savings by
2016?” Rep. Darrell Issa (R-CA), the chairman of the House Oversight and Government Reform Committee, issued a “discussion draft” of a postal reform bill in May that included compromises he hopes will win bipartisan approval.
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