Resolute Forest Products Inc.
announced today that the board of directors had nominated Michel P. Desbiens
and Jennifer C. Dolan to stand for election as new board members. Mr. Desbiens
and Ms. Dolan will join seven other current members of the board standing for
re-election at Resolute's upcoming annual meeting of stockholders on May 16 ,
2013. Richard B. Evans, currently the Company's non-executive chairman, has
determined that he would retire, and would not stand for re-election. The board
has recommended Bradley P. Martin, a current member, to serve as Resolute's new
[non-executive] chairman, and Alain Rhéaume, also a current member, as lead
director.
Monday, March 25, 2013
IP LA Warehouse Destroyed
International Paper Company's
paper storage warehouse on state Highway 509 in Red River Parish appears to be
a total loss as a blaze raced through the open-air facility late today.
Demand for Graphic Paper in China to Grow
Demand for graphic paper in China will continue: China will continue to experience healthy graphic (printing, writing, & newsprint) paper demand growth over the next decade despite some markets in China already starting to mature. According to a new study released by RISI, healthy economic activity and improved standards of living in China will support demand even as some markets such as newsprint experience displacement by electronic technology. China's Influence on World Graphic Paper Markets in the Coming Decade analyzes China's end use structure to determine how it will affect future graphic paper market growth.
Finnish Legislation May Affect PEFC Certification
http://www.forest.fi/smyforest/foresteng.nsf/allbyid/DB4E97983413CB54C2257B34004754D3?OpenDocument
The Finnish legislation on forest owners’ local associations, that is, Forest Management Associations, is to be revised. The revision will obviously affect the PEFC certification, and in two important ways: in the future membership in the associations will be voluntary and the associations will probably be free to define the geographic area of their activity.
The Finnish legislation on forest owners’ local associations, that is, Forest Management Associations, is to be revised. The revision will obviously affect the PEFC certification, and in two important ways: in the future membership in the associations will be voluntary and the associations will probably be free to define the geographic area of their activity.
At the moment, the
Finnish PEFC group certification is mainly based on the regions covered by
forest owners’ unions, which are the actual bodies applying for and holding the
certificates. The Forest Management Associations are members of these unions.
Forbes, Others Using Enhancement Tool
In a world where half of Facebook
posts are now images, Web editors swoon over responsive design and brands place
photos in tweets, it's clear the Internet has become a more visual place. Now,
one company is looking to exploit the love of pictures with a product that both
editors and advertisers can use to make digital images more interactive,
engaging and, perhaps most importantly, super shareable.
Forbes recently started using ThingLink to enhance its storytelling on the Web, turning a pictorial of the Forbes 400 into an interactive infographic complete with videos, story links and data
Forbes recently started using ThingLink to enhance its storytelling on the Web, turning a pictorial of the Forbes 400 into an interactive infographic complete with videos, story links and data
Magazine Publishers More Optimistic This Spring
There's a little more optimism in the offices
of magazine publishers this spring.
Ad pages in GQ's issues from January
through April have increased 28.2% from the same period last year, according to
the Media Industry Newsletter.After struggling their way through 2012, many titles are enjoying ad page increases in the early months of 2013, and not just the fashion magazines that typically turn out thick March editions. And ad pages across all monthly magazines from January through April declined, but only by 0.9%, according to the Media Industry Newsletter -- an improvement from the 5.6% decline seemed in the period last year.
Daily Variety Out Of Print, Plans a Weekly
http://www.huffingtonpost.com/2013/03/20/daily-variety-print-ends_n_2911672.html?ncid=edlinkusaolp00000003
The venerable Hollywood trade magazine Daily Variety published its last printed edition on Tuesday, ending an 80-year era by beckoning readers to a recently revamped website and announcing plans to launch a new weekly version of the publication.
The venerable Hollywood trade magazine Daily Variety published its last printed edition on Tuesday, ending an 80-year era by beckoning readers to a recently revamped website and announcing plans to launch a new weekly version of the publication.
The glossy magazine, under new ownership since last autumn, bid farewell to its
daily paper-and-ink audience in a front-page inset headlined: "VARIETY
ANKLES DAILY PUB HUBBUB," using the Variety-coined verb it typically uses
to report departures of studio executives.
Dennis Generates £2 Million from Online Video
Dennis
Publishing has clocked up more than 200 million video views, with 150 million
of those hits on YouTube.
The magazine publisher, which has more than 50 titles including The Week, evo, Men's Fitness and Auto Express, is generating £2 million a year from online video, the managing director of Dennis Interactive told Journalism.co.uk.
The magazine publisher, which has more than 50 titles including The Week, evo, Men's Fitness and Auto Express, is generating £2 million a year from online video, the managing director of Dennis Interactive told Journalism.co.uk.
Senate Passes Marketplace Fairness Act
The controversy over the pending Marketplace Fairness Act (S.336/H.R.684),
is dizzying. First, the big news. The Senate passed it.
See Symbolic Senate Vote Demonstrates Support For Marketplace
Fairness Act. But it really wasn’t
the Act itself but rather a budget amendment, and only in the Senate. So will
it pass?
Not necessarily, but regardless, the days of tax-free clicks are numbered. The Marketplace Fairness Act doesn’t impose a federal tax or even a new state tax. Online sellers are already required to collect sales tax from customers in their own states. But under the Supreme Court’s 1992 holding in Quill v. North Dakota, retailers don’t always have to collect.
They must collect sales tax from out-of-state customers only if they have a physical presence (store, warehouse or office) in the customer’s state. Since then, a growing number of states are extending sales taxes to online retailers with in-state sales affiliates. Amazon recently started collecting tax in Pennsylvania, Texas, California and Connecticut and according to the Marketplace Fairness Act website, is now allied with supporters of the bill.
Not necessarily, but regardless, the days of tax-free clicks are numbered. The Marketplace Fairness Act doesn’t impose a federal tax or even a new state tax. Online sellers are already required to collect sales tax from customers in their own states. But under the Supreme Court’s 1992 holding in Quill v. North Dakota, retailers don’t always have to collect.
They must collect sales tax from out-of-state customers only if they have a physical presence (store, warehouse or office) in the customer’s state. Since then, a growing number of states are extending sales taxes to online retailers with in-state sales affiliates. Amazon recently started collecting tax in Pennsylvania, Texas, California and Connecticut and according to the Marketplace Fairness Act website, is now allied with supporters of the bill.
J.Crew to Open First Store in Europe
Despite a slower fourth quarter
— "net profits fell 32.5 percent to $10.2 million," WWD wrote Wednesday
— J.Crew Group Inc. reported record-breaking numbers for 2012 as a whole, such
as $2 billion in revenues and 39 store openings. And, according to the trade, company officials gave a
rundown of what to expect this year during a conference call yesterday
afternoon. J.Crew plans to add 46 more stores to its fleet (that's sixteen
J.Crews, seventeen Madewells, and thirteen factory outlets), including its
first European location, on Regent Street in London. Other European and some
Asian cities might get their very own J. Crew store, too.
Penton Reorganizes Agriculture Group
Four months after acquiring Farm Progress
Cos. from Fairfax Media, Penton Media has announced a new structure for its
Agricultural Group that integrates the recently added properties.
As part of the restructuring, five Farm Progress brands that overlapped with Penton's geographic coverage—Carolina-Virginia Farmer, Southern Farmer, Mid-South Farmer, The Farmer-Stockman and California Farmer—will be shuttered. Penton's Farm Industry News will be recast to cover technology for production agriculture. Eighteen positions were eliminated in the reorganization.
As part of the restructuring, five Farm Progress brands that overlapped with Penton's geographic coverage—Carolina-Virginia Farmer, Southern Farmer, Mid-South Farmer, The Farmer-Stockman and California Farmer—will be shuttered. Penton's Farm Industry News will be recast to cover technology for production agriculture. Eighteen positions were eliminated in the reorganization.
Judge Rules Against Aggregator of AP Content
http://articles.washingtonpost.com/2013-03-22/business/37915517_1_internet-news-copyright-fees
A federal judge concluded that an Internet news clipping service essentially resold stories from The Associated Press, saying in a decision released Thursday that the ability of news organizations to perform “an essential function of democracy” is jeopardized when a company merely redistributes the news of others.
Media observers say the ruling
against Meltwater U.S. Holdings Inc. and its Meltwater News Service, if upheld
on appeal, could provide strong protection for the news industry as it struggles
to survive in an Internet age.A federal judge concluded that an Internet news clipping service essentially resold stories from The Associated Press, saying in a decision released Thursday that the ability of news organizations to perform “an essential function of democracy” is jeopardized when a company merely redistributes the news of others.
U.S. District Judge Denise Cote rejected Meltwater’s claims that its use of Web stories drawn from a scan of 162,000 news websites from more than 190 countries was a fair use of copyright-protected material.
McGraw-Hill Completes Sale to Apollo
McGraw-Hill completes sale of education unit to Apollo: McGraw-Hill Cos. today completed the sale of its McGraw-Hill Education business to investment funds affiliated with Apollo Global Management. The previously announced purchase price was $2.4 billion in cash. McGraw-Hill Cos.
Friday, March 22, 2013
Wausau Paper to Sell Specialty Papers
Wausau Paper to sell Mosinee, Rhinelander WI Mills:
Wausau Paper (WPP) today announced that it has signed a non-binding Letter of Intent to sell its specialty paper business to a new company ("NewCo") to be formed and controlled by investment funds sponsored by KPS Capital Partners L.P. ("KPS"), a New York based private equity firm with significant experience in the paper industry and in completion of complex corporate carve-outs.
KPS has also signed a non-binding Letter of Intent to acquire another company and combine it with the specialty paper business within NewCo. Wausau has the option to have an initial ownership position in NewCo of up to 25 percent with the opportunity to earn up to an additional 5 percent interest upon NewCo reaching certain performance thresholds.
Domtar to Acquire Xerox Paper Business
Domtar Corporation, one of the largest manufacturers and distributors of paper in North America, has signed, through its operating subsidiaries, an agreement to acquire Xerox's (XRX) paper and print media products business in the United States and Canada.
While Xerox does not manufacture paper, the company has long distributed through its brand name a broad range of coated and uncoated papers and specialty print media including business forms as well as carbonless and wide-format paper. This business will now become part of Domtar's pulp and paper segment, and Domtar will market and distribute Xerox-branded paper and print media. The transaction is expected to close in the second quarter of 2013, subject to customary closing conditions.
Global Pulp Deliveries Up
Global pulp deliveries rose by 1.5% to 3.493 million tonnes
in February, up from 3.442 million tonnes the previous month, according to Pulp
and Paper Products Council (PPPC) data.
Shipments were 1.4% lower than the year-earlier period, down
from 3.544 million tonnes in February 2012.Bleached softwood kraft (BSK) pulp shipments were up from 1.797 million tonnes in January to 1.810 million tonnes in February, while bleached hardwood kraft (BHK) pulp deliveries rose from 1.516 million tonnes in January to 1.566 million tonnes last month.
NA Newsprint Demand Falls, Exports Up
Newsprint demand by North American newspapers in the
seasonally weak month of February tumbled 17% compared with February 2011,
bringing its year-to-date decline to 11%, according to the Pulp and Paper
Product Council's latest statistics.
Demand by commercial printers also fell 1.2% last month,
reflecting tougher annual comparisons for newsprint for end uses other than
newspapers, bringing the demand decline for the two categories combined to
14.1% in February and 9.0% year-to-date.Offshore shipments surged 29,000 tonnes or 21.2% in February, led by a 47.3% increase in exports to non-Japan Asia and 19.8% increase in deliveries to Latin America.
Newton Falls Equipment Sold
Despite fears, there may still be hope for
the idled Newton Falls Fine Paper Mill to resume production.
That's because the mill property and
its equipment has been purchased at auction by a mystery buyer.The mill's inventory was being sold at an auction in Syracuse Thursday. Economic development officials feared the lack of equipment would kill any chances the mill would reopen.
7 News has learned the mill's current owner,
Scotia Investments of Nova Scotia, has accepted a single bid for all the
equipment from "an international group."
Canada's Budget Supports Forestry Innovation
The 2013-14 federal budget today reinforces the nation's
forestry innovation opportunity says FPInnovations, Canada's forest sector R&D
and innovation institute. This government's continued support of forestry
innovation and market development programs is recognition that the forest
sector remains a key growth area for the Canadian economy.
"The 2013-14 budget recognizes that forestry R&D remains a vital engine of growth for the future", stated Pierre Lapointe, President and CEO of FPInnovations. "Canada can point to innovations such as award-winning cellulose nanocrystal research, multi-storey wooden buildings, and cellulose filaments as clear examples of recent developments. Today's federal budget, earmarking $92 million over two years starting in 2014-15 for the forest sector, ensures that we continue to build on these world leading successes."
The Forest Products Association of Canada (FPAC) welcomes the additional support for innovation and market development unveiled in today's budget and also applauds the government's focus on skills training.
"The 2013-14 budget recognizes that forestry R&D remains a vital engine of growth for the future", stated Pierre Lapointe, President and CEO of FPInnovations. "Canada can point to innovations such as award-winning cellulose nanocrystal research, multi-storey wooden buildings, and cellulose filaments as clear examples of recent developments. Today's federal budget, earmarking $92 million over two years starting in 2014-15 for the forest sector, ensures that we continue to build on these world leading successes."
The Forest Products Association of Canada (FPAC) welcomes the additional support for innovation and market development unveiled in today's budget and also applauds the government's focus on skills training.
This Old House Debuts Wayfair.com
This Old House and Wayfair.com,
an online retailer of home furnishings, have unveiled the This Old House Shop
on Wayfair.com. This is the first e-commerce venture for This Old House and it
will allow readers to shop looks and products inspired by the pages of the
magazine directly on Wayfair.com.
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