Deluxe
Corporation (NYSE: DLX) announced its financial results for the second
quarter ended June 30, 2013. A reconciliation between earnings per share
on a GAAP basis and adjusted earnings per share on a non-GAAP basis is provided
after the Forward-Looking Statements discussion.
Revenue
of $381.4 million was at the high end of the range in the prior
outlook and adjusted diluted EPS exceeded the high end of the range in the
prior outlook driven by strong operating performance in Small Business Services
and Financial Services and lower medical and performance-based compensation
costs.
Friday, July 26, 2013
MediaPost Mag Bag
Penton Media has acquired Aviation Week and all its related assets from McGraw
Hill Financial, the companies announced Wednesday. The acquisition includes Aviation Week’s events, data, digital and media
products. Terms of the all-cash deal were not disclosed.
Aviation Week reaches an audience
of around 1.2 million aviation professionals around the world, according to
McGraw Hill. The acquisition complements Penton’s Aviation Group, which
includes Air Transport World, SpeedNews, Aircraft
Bluebook, Air Charter Guide, Airportdata.com and Ac-U-KWIK.
Last week McGraw Hill Financial announced that Harold McGraw III will be stepping down from his position as CEO effective November 20 of this year. He is being replaced by Douglas Peterson, who currently serves as president of Standard & Poor’s Ratings Service.
The Alliance for Audit Media (formerly known as the Audit Bureau of Circulations) is offering smaller publishers a new, streamlined audit option that allows them to choose what basic metrics they would like reported, according to Folio:. The new offering is only available to publishers of titles with circulations under 100,000.
Daniel Strauss has been named general manager for digital at The Hollywood Reporter.
Becca Gildred has been promoted to marketing director for Down East Enterprise, the publisher of Down East: The Magazine of Maine, Shooting Sportsman and Fly Rod & Reel.
Last week McGraw Hill Financial announced that Harold McGraw III will be stepping down from his position as CEO effective November 20 of this year. He is being replaced by Douglas Peterson, who currently serves as president of Standard & Poor’s Ratings Service.
The Alliance for Audit Media (formerly known as the Audit Bureau of Circulations) is offering smaller publishers a new, streamlined audit option that allows them to choose what basic metrics they would like reported, according to Folio:. The new offering is only available to publishers of titles with circulations under 100,000.
Daniel Strauss has been named general manager for digital at The Hollywood Reporter.
Becca Gildred has been promoted to marketing director for Down East Enterprise, the publisher of Down East: The Magazine of Maine, Shooting Sportsman and Fly Rod & Reel.
Nielsen: Global Ad Spend
According
to Nielsen’s quarterly Global AdView Pulse report, the first quarter of 2013
held few surprises for media sectors—continuing trends established in recent
years. Television remained the dominant media type in terms of advertising
investments (with 59% media share and 3.5% global growth), and it appears that
TV will maintain this position at least for the short term. TV advertising,
however, was not immune to the economic problems in Europe in Q1, leading to a
2.9 percent decrease in this region.
Decreases
in print advertising continued slowly, as both spending in magazines and
newspapers both declined in the first quarter (-2.8% and -4.7%, respectively).
Newspaper ad spend decreased in North America, Europe and Asia-Pacific, while
magazine ad spending decreased in Europe, Asia-Pacific.
Condé Nast Launches Teen Vogue Channel
Conde Nast has made a big bet in online
video this year. To date, the publisher’s entertainment division has launched
video channels for some of its top magazine brands including Glamour, GQ,
Wired, Vogue, and most recently, Vanity Fair. Today the company adds to its
growing video network with the launch of the Teen Vogue channel, which will focus
on pop culture on beauty/fashion programming for teenage audiences.
Thursday, July 25, 2013
AF&PA Reports P&W Paper June Shipments
http://www.afandpa.org/
The American Forest & Paper Association has released its June 2013 Printing-Writing Paper Report.
According to the report, total printing-writing paper shipments were down 7 percent compared to June 2012, with total inventory levels increasing 4 percent from May.
Additional key findings:
Uncoated free sheet (UFS) paper shipments decreased 3% year-over-year in June. For the year, shipments are down 4 percent in 2013. Imports of UFS in May increased 6 percent compared to May 2012, with exports of UFS up 5 percent.
June uncoated mechanical (UM) paper shipments decreased 16 percent when compared to June 2012, with year-over-year imports through May up 1 percent. UM exports are up 12 percent in 2013 compared to the first five months of 2012.
The American Forest & Paper Association has released its June 2013 Printing-Writing Paper Report.
According to the report, total printing-writing paper shipments were down 7 percent compared to June 2012, with total inventory levels increasing 4 percent from May.
Additional key findings:
Coated
mechanical (CM) shipments in June decreased 16 percent compared to June
2012. Shipments of CM are down 13 percent for the year, with imports down
3 percent year-over-year in May.
June shipments
of coated free sheet (CFS) papers decreased 4 percent compared to June
2012, with year-to-date CFS shipments down less than 1 percent compared to
2012. U.S. imports of CFS papers increased 7 percent year-over-year in
May. Uncoated free sheet (UFS) paper shipments decreased 3% year-over-year in June. For the year, shipments are down 4 percent in 2013. Imports of UFS in May increased 6 percent compared to May 2012, with exports of UFS up 5 percent.
June uncoated mechanical (UM) paper shipments decreased 16 percent when compared to June 2012, with year-over-year imports through May up 1 percent. UM exports are up 12 percent in 2013 compared to the first five months of 2012.
EURO-GRAPH Reports June, H1 Numbers
EURO-GRAPH has reported European coated mechanical paper shipments in June fell -8.8% as compared to the same month last year and declined -8.2% in the first half of 2013 as compared to H1 2102. Demand was down -9.4% for the month and -8.2% for H1. Exports decreased -6.8% for June and -8% in the first six months of the year.
Coated woodfree paper shipments fell -11% in June and -6.4% in H1. Demand decreased -11.3% for the month and -8.9% for the first six months of the year. Exports were down -11.7% in June, but rose +1.7% for H1.
Supercalendered paper shipments declined -12.1% in June and -6.1% in the first six months. Demand fell -9.8% for the month and -4.4% for H1. Exports decreased -20.2% in June and -14.2% in Hi.
Uncoated woodfree shipments were down -7.3% in June and -3.8% for the first six months of the year. Demand fell -9.6% for the month and -5.4% for Hi. Exports increased +15.3% for June and +10.4% for the first six months.
Coated woodfree paper shipments fell -11% in June and -6.4% in H1. Demand decreased -11.3% for the month and -8.9% for the first six months of the year. Exports were down -11.7% in June, but rose +1.7% for H1.
Supercalendered paper shipments declined -12.1% in June and -6.1% in the first six months. Demand fell -9.8% for the month and -4.4% for H1. Exports decreased -20.2% in June and -14.2% in Hi.
Uncoated woodfree shipments were down -7.3% in June and -3.8% for the first six months of the year. Demand fell -9.6% for the month and -5.4% for Hi. Exports increased +15.3% for June and +10.4% for the first six months.
Domtar Reports Q2 Results
Domtar
Corporation today reported a net loss of $46 million ($1.38 per share) for the
second quarter of 2013 compared to net earnings of $45 million ($1.29 per
share) for the first quarter of 2013 and net earnings of $59 million ($1.61 per
share) for the second quarter of 2012. Sales for the second quarter of 2013
amounted to $1,312 million.
International Paper Reports Q2 Results
International
Paper (IP) today reported second quarter 2013 net earnings attributable to
common shareholders totaling $259 million ($0.57 per share) compared with net
earnings of $318 million ($0.71 per share), in the first quarter of 2013 and
$134 million ($0.31 per share) in the second quarter of 2012. Amounts in all
periods include the impact of special items.
Operating
Earnings were $288 million ($0.64 per share) in the second quarter of 2013,
compared with $292 million ($0.65 per share) in the first quarter of 2013 and
$232 million ($0.53 per share) in the second quarter of 2012. Quarterly net sales were $7.3 billion compared with $7.1 billion in the first quarter of 2013 and $7.1 billion in the second quarter of 2012.
Two Sides Survey: Paper Option for Bills Still Valued
In an international survey from Two Sides carried out by research company
Toluna, 2,500 consumers were asked their opinion on a variety of billing and
statement related issues with a focus on the present supplier pressure to
switch to electronic bills and statements; ‘e-billing'.
Key
Findings
60% of consumers state they would not choose a company
which did not offer a paper bill. 12% of consumers and 20% of 25 - 34 year olds, say they have switched to a new provider when a charge for paper based bills was imposed.
8% of consumers and 16% of 25 - 34 year olds, say they have switched providers because paper bills were withdrawn.
57% of consumers overall, 66% of 18 - 25 year olds, and 60% of 25 -34 year olds, believe a paper bill option is still quite or very important when choosing a new supplier.
93% of consumers say they are unwilling to pay for paper bills.
89% of consumers want to be able to switch between paper and e-bills without difficulty and cost
42% prefer to receive financial services bills by post only and 37% prefer to receive utility bills by post only. For financial services, post is the preferred option overall.
21% of consumers would refuse to switch to electronic bills and statements when asked to do so.
69% of consumers say that postal bills offer better record keeping and 65% say they are easier to check. 48% state that postal bills offer more security and 46% say bills and statements printed on paper are easier to read than off a screen.
38% of consumers are clearly ‘home printers' with 26% printing up to 20% of their bills and 7% printing out between 80% and 100% of their bills.
Sequana Reports H1 Results
http://www.sequana.com/en/
EBITDA margin down 0.7 points to 3.3%Antalis: Resilient operating performance and EBITDA margin thanks to steady prices, enhanced product mix and reductions in overheadsArjowiggins: Decline in earnings due to lower volumes of printing papers amid pressure on selling prices and product mixNet loss of €36 million
Finalisation of agreements to extend the Group's credit facilities through 30 November 2015 with more flexible financial covenants to reflect the current business climate
http://www.arjowiggins.com
Sales down 9% to €1,799 million, reflecting marked drop in volumes for printing papers
EBITDA down to €59 million from €79
million for first-half 2012, reflecting lower demand and pressure on selling
prices;Sales down 9% to €1,799 million, reflecting marked drop in volumes for printing papers
EBITDA margin down 0.7 points to 3.3%Antalis: Resilient operating performance and EBITDA margin thanks to steady prices, enhanced product mix and reductions in overheadsArjowiggins: Decline in earnings due to lower volumes of printing papers amid pressure on selling prices and product mixNet loss of €36 million
Finalisation of agreements to extend the Group's credit facilities through 30 November 2015 with more flexible financial covenants to reflect the current business climate
GAO Finds ‘No Consensus’ as New Legislation Proceeds
A
federal agency offered no clear guidance on approved legislation that could
eliminate requirements for paper labeling to be included with pharmaceuticals.
The US General Accounting Office (GAO) said it found "no consensus among
stakeholders on the advantages and disadvantages of eliminating paper labeling
and relying instead on electronic labeling as a complete substitute."
The GAO report follows approval of the Safeguarding America's Pharmaceuticals Act of 2013 -- H.R. 1919 -- by the House of Representatives, and the Drug Supply Chain Security Act -- S. 957 -- by the Senate. A committee will reconcile the differences in the two bills. The Senate version did not include the paper labeling language.
GAO reported that drug industry stakeholders said an advantage of electronic labeling provides physicians, pharmacists and patients with the most current drug information in a more user-friendly format, which would positively impact public health. Yet relying on electronic labeling as a complete substitute for paper labeling could adversely impact public health by limiting the availability of drug labeling for some physicians, pharmacists, and patients by requiring them to access drug labeling through a medium with which they might be uncomfortable, that they might find inconvenient, or that might be unavailable.
"Relying on electronic drug labeling as a complete substitute for paper drug labeling would require amending or reviewing relevant federal regulations and shift some responsibilities from drug manufacturers to pharmacies," GAO stated. "Additionally, drug manufacturers currently provide pharmacies with a supply of paper labeling for patients. However, stakeholders said that if patients want to continue receiving drug labeling in paper form and pharmacies are expected to print drug labeling for distribution, it would shift the costs of printing to the pharmacies." In 2011, retail pharmacies filled approximately 3.8 billion prescriptions for drugs, the report added.
Officials from paper industry states objected to the paper label exemption saying it would harm the industry and mills that employ thousands of workers.
The GAO report follows approval of the Safeguarding America's Pharmaceuticals Act of 2013 -- H.R. 1919 -- by the House of Representatives, and the Drug Supply Chain Security Act -- S. 957 -- by the Senate. A committee will reconcile the differences in the two bills. The Senate version did not include the paper labeling language.
GAO reported that drug industry stakeholders said an advantage of electronic labeling provides physicians, pharmacists and patients with the most current drug information in a more user-friendly format, which would positively impact public health. Yet relying on electronic labeling as a complete substitute for paper labeling could adversely impact public health by limiting the availability of drug labeling for some physicians, pharmacists, and patients by requiring them to access drug labeling through a medium with which they might be uncomfortable, that they might find inconvenient, or that might be unavailable.
"Relying on electronic drug labeling as a complete substitute for paper drug labeling would require amending or reviewing relevant federal regulations and shift some responsibilities from drug manufacturers to pharmacies," GAO stated. "Additionally, drug manufacturers currently provide pharmacies with a supply of paper labeling for patients. However, stakeholders said that if patients want to continue receiving drug labeling in paper form and pharmacies are expected to print drug labeling for distribution, it would shift the costs of printing to the pharmacies." In 2011, retail pharmacies filled approximately 3.8 billion prescriptions for drugs, the report added.
Officials from paper industry states objected to the paper label exemption saying it would harm the industry and mills that employ thousands of workers.
Ten Years of Commercial Printing Process Shifts
Revenues Up for Meredith’s Magazine Group
Revenues were up for Meredith's National Media Group in its fiscal year
2013 earnings
report, as the company saw big returns from digital advertising and
continued success with its Sales Guarantee program. Recent acquisitions skewed
the results however.
The company's overall revenues were up 7 percent year-over-year to $1.5
billion, with operating profits ahead 13 percent to $211 million.Meredith's National Media Group, which includes its magazine properties and makes up about three quarters of the company's total earnings, saw revenues rise 3 percent to $1.1 billion, while margins went up 4 percent to $138 million.
Rodale Seeks President, COO
Four
years into her run as CEO of health and fitness publisher Rodale, Maria Rodale
is looking to bring in both a president and COO help to run the 83-year-old
family-controlled company.
In an
email to staff, Maria Rodale said that the president would take care of the
day-to-day business while the COO would deal with increasing efficiency and
technology matters. But Rodale insisted that she would continue to be “very
active” at the company. "As I’ve said to the core team, rest assured that
I’m not stepping back, I’m stepping forward. I’m ready to grow, too!" she
wrote.
Folio: People on the Move
TheStreet
announced that Ron Kost, Michael McCormack, Andrew Freedman
and John Ferraro have joined the advertising sales team as directors of
advertising sales.
Ron Kost worked with startup and blue chip
media companies for many years and spent the past four years with new
media companies like GigaOM media and PSN Inc.Michael McCormack has held positions with ALM, Forbes and Banner Direct.
Andrew Freedman has more than 14 years of digital media sales experience. He previously represented Sojern, LinkedIn, bizjournals and Forbes.com. He joins TheStreet from Adara.
John Ferraro is joining TheStreet from Seeking Alpha. He previously worked at Nasdaq.com as sales director and The Deal LLC as associate publisher.
Penton Buys Aviation Week
The acquisition, the third for Penton since 2010, was conducted privately and not through an auction process.
For its part, Penton plans to house Aviation Week in its existing Aviation Group, consisting of six core brands including Air Transport World, Speed News and Airportdata.com.
Door-to-Door, Sat. Delivery Closer to Getting Axe
Door-to-door
service and Saturday mail delivery, long hallmarks of the U.S. Postal Service,
are a step closer to being phased out.
The
House Oversight and Government Reform Committee Wednesday approved a measure
that would end door-to-door delivery to 37 million residences and businesses
and Saturday mail service to more than 150 million homes and businesses.Ending door-to-door delivery — which will force millions to get mail at curbside boxes or neighborhood cluster boxes by 2022 — would save up to $4.5 billion annually, said Rep. Darrell Issa, R-Calif. Ending Saturday service — a proposal that was met with widespread criticism when it was first proposed in 2012 — could save an additional $2 billion a year.
"A balanced approach to saving the Postal Service means allowing USPS to adapt to America's changing use of mail,'' said Issa, the bill's sponsor and chairman of the committee. "Done right, these reforms can improve the customer experience through a more efficient Postal Service."
B-to-B CEOs More Confident
Sixty-six percent of b-to-b media CEOs surveyed for the latest report said current business conditions for their companies are positive, compared with 58% in January. Looking ahead 12 months, 75% of respondents said they anticipate better business conditions next year, compared with 60% who had positive expectations in the January survey.
CEOs' optimism is more tempered when it comes to the market conditions of their reader customers. In the latest survey, 44% expressed a positive outlook, while half were neutral. In January, only 37% of CEOs reported positive economic conditions, and 56% assessed conditions as neutral.
$105 Billion Global Cross-Border Shopping Market
Cross-border payments between
six key markets expected to grow 200% by 2018.
With the global economy still
struggling, businesses and exporters can help increase their revenue by waking
up to cross-border sales opportunities as revealed by new PayPal and Nielsen
data released today.
The report titled 'Modern Spice
Routes: The Cultural Impact of Cross-Border Shopping' analyzes cross-border
online shopping and spending behavior in six major markets -- the United
States, the United Kingdom, Germany, Australia, mainland China and Brazil. It
maps for the first time the new spice routes -- those corridors of online trade
between consumers buying directly from merchants in different parts of the
world. The research report and video testimonials are available for download at
www.paypal.com/spiceroutes.
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