Thursday, March 22, 2012

NYSE Accepts Verso Plan

http://www.versopaper.com/default.aspx
Verso Paper Corp. announced today that the New York Stock Exchange has accepted the company's plan for continued listing on the NYSE.The company also reported preliminary results of tender offer for certain outstanding debt.

Norske Skog Closing Follum


Norske Skog will stop paper production at its Follum mill in Hønefoss, southern Norway, on March 30. The mill makes 145,000 tonnes/yr of coated paper on PM 7 and 145,000 tonnes/yr of improved newsprint and book paper on PM 1.

AF&PA Reports February CGW Ships Up

http://www.statmill.org/
According to the American Forest & Paper Association, total printing-writing paper shipments in the U.S. increased 2% in February compared to the same month in 2011. Coated mechanical paper shipments jumped four percent year-over-year, the largest such increase since September 2010. Shipments of coated free sheet rose year-over-year for the first time in the past 15 months.



Sappi Limited Named First HP Indigo Partner

Sappi Limited Named First HP Indigo Worldwide Preferred Media Partner:
North America announced today it has been named as the first worldwide member of the HP Indigo Preferred Media Partner program.

B-to_B Media Revenue Jumps 6.9%

B-to-b media increase revenue 6.9% in 2011: Total b-to-b media revenue grew 6.9% to $26.5 billion last year, according to Business Information Network data released by American Business Media.

Cintas Reports Q3 Results

http://www.cintas.com/company/investor_information/highlights.aspx
Cintas Corporation today reported results for its third quarter ended February 29, 2012. Revenue for the third quarter was $1.01 billion, representing a 7.9% increase compared to last year's third quarter. The Company's third quarter operating income of $137.5 million was a 26.3% improvement as compared to last year's third quarter. Net income increased 28.7% to $76.0 million.

Email Deliverability Falls

Email deliverability took steep dive in 2011: Overall worldwide email delivery to inboxes declined in the second half of 2011, falling to a record low 76.5%, down almost six percentage points from the first six months of last year, according to email deliverability company Return Path.

Wednesday, March 21, 2012

Negotiations for NP Port Hawkesbury Continue


It’s still unclear when a date may be set for a hearing into a request for a load-retention electricity rate by the company negotiating to buy the shuttered NewPage Port Hawkesbury paper mill.
Last week the lawyer for Pacific West Commercial Corp., which is a part of the Stern Group, wrote to the Nova Scotia Utility and Review Board saying it requires an electricity rate for the mill that will allow it to be a viable long-term operation

St. Marys Paper, More on the Story

End of paper making in Sault Ste. Marie? Details of St. Marys Paper sale:
A number company, 2319839 Ontario Inc., is in the process of purchasing St. Marys Paper.
Ernst & Young, as receiver of St. Marys Paper, describes 2319839 Ontario Inc. as a consortium of companies including an auctioneer, a real estate redevelopment company, a metals recycling company, and a forest products company.

Catalyst Paper May Sell Mills

Catalyst Paper threatens to sell all its mills if restructuring plan isn’t accepted this time:
If the creditors of Catalyst Paper don’t approve a restructuring plan this Friday, a plan that is similar to the one they have already rejected, then Catalyst Paper wants to sell its pulp and paper mills.

New York Magazine Awarded for General Excellence

New York Magazine Takes Home Digital Ellie for General Excellence: Today’s MPA Digital: Swipe Conference closed with the National Magazine Awards for Digital Media 2012.  New York magazine took home two Ellies: one for the esteemed General Excellence category, as well as for best website.

Forbes to Work with comScore

Forbes to Verify Digital Ads Are Actually Seen: The edge that digital advertising has always had over print is its measurement and accountability. Forbes is partnering with comScore to use its Validated Campaign Essentials product to provide "viewable impression measurement" for all of its digital ads. In other words, Forbes will be able to tell its advertisers that an ad impression was actually seen.

ABC Takes Steps in Digital Reporting

ABC Readies Digital Reporting Changes to Its Publisher’s Statement: The ABC board of directors has taken a significant step toward formally approving a number of changes to its digital reporting rules, including the implementation of a new Publisher’s Statement prototype that will include key activity metrics for digital editions.

RBI Publisher Launches New Title

Former RBI Publisher Launches New Restaurant Magazine: Zoomba Group—publisher of former Reed Business Information title Foodservice Equipment & Supplies (FE&S)—is set to launch a new magazine this month, called Restaurant Development & Design.

HP Announces Realignment

HP Announces Organizational Realignment: HP today announced an organizational realignment.
As part of this realignment, HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group led by Todd Bradley.
Vyomesh Joshi, executive vice president of IPG, is retiring.

USPS Launching Every Door Direct Mail

USPS Launching Ad Campaign to Promote Every Door Direct Mail: WASHINGTON, DC—March 20, 2012—The U.S. Postal Service unveiled a new integrated marketing campaign to promote easy-to-use and affordable direct mail and shipping services to America’s small businesses.

TC Transcontinental Closing Two Plants

TC Transcontinental Rationalizing Some of Its Printing Network Assets: In the wake of its acquisition of the shares of Quad/Graphics Canada being finalized, Transcontinental Inc. announced that it will be reorganizing its print operations across Canada. To stay competitive and maximize the use of its most productive equipment, the printer is rationalizing some of its assets.

MC Sports Names Vertis

Vertis Lands Exclusive Advertising Inserts Contract from MC Sports: Vertis Communications, a results-driven marketing communications company, announced that MC Sports named the company its exclusive print and logistics provider of high-quality advertising inserts.

Kodak's Extends OPS Agreement

Kodak's Web-to-Print Global Reseller Agreement with Online Print Solutions: Kodak has expanded a reseller agreement with Online Print Solutions (OPS) from covering customers in North America to a global relationship.

Tuesday, March 20, 2012

St. Marys Paper Has Buyer

St. Marys Paper has a purchaser:
Ernst & Young Inc., the receivers for St. Marys Paper, have requested a court hearing on March 22  in Toronto to seek the court’s approval for the sale of the mill. The purchaser is 2319839 Ontario Inc.
As part of the purchase agreement, the purchaser is requesting that the receiver terminate the employment of all St. Marys Paper employees.