Time Inc.’s MAGHOUND Shuttering: Time Inc.’s print magazine venture MAGHOUND is closing. The service debuted in 2008, and is expected to fold early this year. Dubbed the “Netflix of the magazine industry” in the press, MAGHOUND hawked multiple titles for a discount price, without the commitment of a subscription.
Wednesday, February 1, 2012
PRC Will Not Expedite Decision
U.S. Regulators Refuse to Speed Up Review of USPS Network Cutbacks: The (Postal Regulatory) Commission said in a decision issued yesterday that its current schedule was “slightly more than one month longer” than a schedule that had been suggested by USPS than a schedule that had been suggested by USPS, and that no new information had been provided by USPS to persuade Commissioners that the change in schedule was warranted.
Xerox Global Names President
Jeffrey Jacobson Named Head of Xerox Global Graphic Communications: Xerox Corp. announced the appointment of Jeffrey Jacobson as president, Xerox Global Graphic Communications. Jacobson, 52, joins Xerox from Presstek where he served as the company’s president and CEO since 2007, adding the title of chairman in 2009.
Quad/Graphics Acquires Williamson Printing
Quad/Graphics Acquires Dallas-Based Williamson Printing: SUSSEX, WI—Feb. 1, 2012—Quad/Graphics Inc. has purchased Williamson Printing, a full-service commercial and specialty products printer specializing in short- to medium-runcatalogs, case-bound books, direct mail and other promotional products.
Indexx Buys Crowson Stone Printing
Indexx Purchases Assets of Crowson Stone Printing: Indexx, an integrated communications company specializing in printing, marketing, publishing and fulfillment solutions, is proud to announce an expansion of its services in the Columbia market following an assets purchase of Crowson Stone Printing
Inside Publications Buys Cheer Biz News
Inside Publications Acquires Cheer Biz News: For an unknown amount, Atlanta-based Inside Publications purchased Cheer Biz News and sister titles The Coach’s Handbook and All Star Insider. Moving forward, Cheer Biz will be produced by Inside Publications staff.
Tuesday, January 31, 2012
Catalyst Paper to File for Creditor Protection
Catalyst Paper Corporation has announced that to facilitate an orderly restructuring of its business and operations, the board of directors of the company has approved a filing for an Initial Order from the Supreme Court of British Columbia to commence proceedings under the Companies’ Creditors Arrangement Act (CCAA). The terms and conditions of the restructuring plan have not yet been determined by the company.
xpedx Closing Stores Division
xpedx Closing Stores Division: xpedx has announced the closing of the Stores division. The press release read, in part: This year xpedx will realign operations... This means we will transition away from our current stores business model, to servicing many customers from xpedx’s well established distribution network.
Domtar to Sell Closed Mill to Fortress
Domtar enters agreement to sell closed Lebel-sur-Quévillon mill to Fortress for $1:
Domtar Corporation has announced that it has signed a definitive agreement with Fortress Global Cellulose Ltd, and with a subsidiary of the Government of Québec, for the sale of its Lebel-sur-Quévillon assets. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2012.
Domtar Corporation has announced that it has signed a definitive agreement with Fortress Global Cellulose Ltd, and with a subsidiary of the Government of Québec, for the sale of its Lebel-sur-Quévillon assets. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2012.
Penton Names CEO
Penton names Kieselstein CEO: Penton Media, publisher of Registered Rep. and Supermarket News, has named David Kieselstein as CEO. He was previously CEO of TNS North America, a custom research division of WPP.
Manroland Sells Augsburg Plant 2/1
Manroland break-up to begin tomorrow with Augsburg sale: Manroland's administrator has confirmed that the break-up of the German manufacturer will begin tomorrow (1 February) with the sale of the Augsburg web offset facility.
Monday, January 30, 2012
IP, Temple-Inland Extend DOJ Review Period
International Paper, Temple-Inland Extend DOJ Review Period: International Paper Company and Temple-Inland Inc. today announced that they have agreed to extend the U.S. Department of Justice's review period with respect to International Paper's acquisition of Temple-Inland until February 13, 2012.
Resolute Paper Makes Cuts at Fort Frances
Resolute cuts 45 jobs in Fort Frances, Ontario:
Resolute Forest Products (formerly AbitibiBowater), will not be recalling 45 people, 16% of the workforce, to work when they resume paper production next week.
Resolute Forest Products (formerly AbitibiBowater), will not be recalling 45 people, 16% of the workforce, to work when they resume paper production next week.
Catalyst Paper Reports Crofton Vote
Catalyst Paper Announces Crofton Unions Voting Results: Catalyst Paper Corporation (TSX: CTL) advised today that at votes taken this weekend, one union local at the Crofton mill voted down a new labour agreement while the other union local voted to support a new labour agreement. Unanimous ratification of a new labour agreement by January 31, 2012 is a condition of the company's recapitalization transaction announced on January 14, 2012.
2011 Media M&A Jumped 9%
Overall Media M&A Up 9 Percent in 2011: The media M&A market saw its third year in a row of growth, closing out 2011 with a 9 percent increase in total value over 2010, according to a year-end report by The Jordan, Edmiston Group.
J.C. Penney and Esquire Close CLAD
Esquire Ecommerce Effort CLAD Folds: After an extremely short run, J.C. Penney’s Esquire-curated ecommerce site, CLAD, shutters. CLAD debuted in November 2011, and its final sale will end January 31.
Bloomberg Launches Bloomberg Pursuits
Bloomberg to Leverage its ‘Markets’ Brand into a Lifestyle Offshoot: Bloomberg has found another way to capitalize on its access to some of the wealthiest consumers in the world: next month, it will launch an offshoot to its Bloomberg Markets magazine. Bloomberg Pursuits will be polybagged with, and run by the team at, Bloomberg Markets, but will hone in on luxury lifestyle content that emerged from the pages of the finance-focused title.
Quarterly Review of Wines Closes
http://www.minonline.com/news/35-Year-Old-Vintage-Wine-Pub-Calls-It-Quits_19824.html
In the rush of staff changes, higher profile magazine closings at the end of last year, it may have gone unnoticed that a venerable bible for wine enthusiasts closed its beloved cellar. The Quarterly Review of Wines, a 100-page glossy with a circulation of 140,000, had just celebrated 35 years of publication. Nevertheless, publisher Richard L. Elia decided to fold shut down the title.
In the rush of staff changes, higher profile magazine closings at the end of last year, it may have gone unnoticed that a venerable bible for wine enthusiasts closed its beloved cellar. The Quarterly Review of Wines, a 100-page glossy with a circulation of 140,000, had just celebrated 35 years of publication. Nevertheless, publisher Richard L. Elia decided to fold shut down the title.
The Economist Launches China Section
The Economist' introduces China section: London—The Economist has launched a new section covering China. The magazine said it is the magazine's first new section devoted to a single country in 70 years.
Cenveo Sells Group to Ennis
Cenveo Sells Forms and Business Documents Group to Ennis: Cenveo, Inc. today announced that it has agreed to sell its Forms and Business Documents Group to Ennis, Inc., manufacturer of printed business products & apparel headquartered in Midlothian, Texas. The sale is expected to close during February 2012. Terms of the transaction were not disclosed.
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