February US Commercial Printing Shipments Disappoint, but January Shipments Revised Higher (Dr. Joe):
The US Department of Commerce reported that shipments of commercial printers for February 2013 were $5.994 billion, down -$169 million compared to 2012. This was the first time that shipments were below $6 billion since January 1992. On an inflation-adjusted basis, those 1992 shipments would be $9.9 billion today. January 2013 shipments, however, were revised up by +$121 million, and were +$269 million compared to January 2012.
Thursday, April 4, 2013
NAPL Economists: Modest Growth in 2013
NAPL Economists See Modest Growth for Balance of 2013: In the just-released Spring edition of the Printing Business Conditions report, National Association for Printing Leadership (NAPL) economists note that industry sales increased in 2012 for the first time in five years, but the gain was very modest, and a combination of economic and competitive conditions will likely continue to limit overall industry sales growth this year.
Nature Conservancy Magazine Takes Ads
Nature Conservancy Magazine Takes Ads for First Time: Nature Conservancy magazine, the member benefit of the environmental conservation organization of the same name, has begun accepting advertising for the first time in its history. The switch coincides with a frequency upgrade from quarterly to bimonthly. Ads will appear both in the magazine and on its website.
The New Yorker Adds Science & Tech
The New Yorker Launches Science & Tech Vertical:
The New Yorker today added another category to its main nav bar—Science & Tech. The vertical is the latest in a series of new content features added to the site in the last year, including the Humor Channel and the Political Scene hub.
The New Yorker today added another category to its main nav bar—Science & Tech. The vertical is the latest in a series of new content features added to the site in the last year, including the Humor Channel and the Political Scene hub.
PRC Reviewing USPS Delivery Plans
U.S. Regulators Reviewing USPS Five-day Mail Delivery Plans: U.S. Postal Service ( USPS ), which recorded a $16B loss last year and expects to lose around $7.5B this financial year, believes reducing letter delivery services by a day per week could save $2B a year. The Postal Service has been bound by U.S. federal appropriations legislation to provide six-day-a-week mail delivery since the early 1980s. However, after last year saw Congress failing to pass reforms including a move to five-day-a-week mail delivery, Postmaster General Patrick Donahoe ordered a reinterpretation of the law.
Turner Buys 1,500 Wiley Titles
Turner Publishing today announced that it has
acquired assets from John Wiley & Sons, Inc.'s (NYSE: JWa, JWb) pets,
crafts, and general interest consumer publishing program. The terms of the
acquisition, which closed April 2, 2013, were not disclosed.
Turner acquired the digital and print assets for approximately 1,500 Wiley titles from its consumer pets, crafts, and general interest publishing programs. Notable brands, authors, and titles include Howell Book House and Baseball Prospectus.
Turner acquired the digital and print assets for approximately 1,500 Wiley titles from its consumer pets, crafts, and general interest publishing programs. Notable brands, authors, and titles include Howell Book House and Baseball Prospectus.
Folio: People on the Move
People On The Move | 4.2.13:
Jack Laschever has been promoted to president of Forbes Conferences. Laschever was previously vice president of sales and marketing for Forbes online.
Pace, a custom content marketing company, has made managerial changes: Heather Keets Wright has been promoted to the newly created position of group content strategy director. Cindy Philips has been promoted to managing director of the inflight entertainment practices division. Angus Macaulay has been named group vice president of marketing and sales.
And more...
Jack Laschever has been promoted to president of Forbes Conferences. Laschever was previously vice president of sales and marketing for Forbes online.
Pace, a custom content marketing company, has made managerial changes: Heather Keets Wright has been promoted to the newly created position of group content strategy director. Cindy Philips has been promoted to managing director of the inflight entertainment practices division. Angus Macaulay has been named group vice president of marketing and sales.
And more...
International Sign & Printmakers Guild Growing Quickly
International Sign & Printmakers Guild Reaches 1000 Members within Two Months of Organization’s Launch: The International Sign & Printmakers Guild, a member-led organization designed to help sign and print providers grow their businesses and reduce costs, has announced that 1000 sign and print business have already signed-up to join the new organization. This follows its official launch only two months ago by founding sponsor SA International (SAi), and represents one of the fastest growing membership organizations in the sign & print industry.
ANA: Marketers Cutting Budgets
ANA: Marketers continue to cut budgets: Despite improvements in the economy, the vast majority of marketers continue to push for cost savings and budget reductions, according to a new report from the Association of National Advertisers. According to the ANA's “2013 Recession Survey,” 82% of marketers are looking to cut costs, and two-thirds of those plan to reduce their marketing budgets by up to 10% this year.
Penquin Changes E-book Library Policy
Starting Tuesday, libraries can offer e-books
from Penguin Group (USA) at the same time that the hardcover comes out, a switch
from the previous policy of delaying downloads for six months, the publisher
told The Associated Press. While vastly more e-books are available to libraries
compared with a few years ago, Penguin and other publishers have limited
digital access for fear of losing sales. The American Library Association has
been calling for less restrictive terms.
SEC: OK to Use Social Media to Inform Investors
SEC Says Social Media OK for Company Announcements if Investors Are Alerted: The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social media will be used to disseminate such information. The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites. The SEC issued guidance in 2008 clarifying that websites can serve as an effective means for disseminating information to investors if they’ve been made aware that’s where to look for it.
Wednesday, April 3, 2013
UPM Appoints Poulsen to Group Executive Team
UPM appoints Kim Poulsen to group executive team
UPM announced that Kim Poulsen has been appointed Executive Vice President and Group Executive Team member responsible for Paper Business Asia Pacific as of July 1 and global Corporate Relations as of May 2, 2013. Poulsen will be based in Shanghai
Poulsen will be based in Shanghai and reports to Jyrki Ovaska, President, Paper Business Group, in paper business related matters and to Jussi Pesonen, President and CEO, in Corporate Relations.
Pertti Salminen, who has been responsible for Paper Business Asia Pacific, will retire as planned in September 2013.
Poulsen has been working as Senior Vice President, UPM Plywood, since 2011.
Poulsen will be based in Shanghai and reports to Jyrki Ovaska, President, Paper Business Group, in paper business related matters and to Jussi Pesonen, President and CEO, in Corporate Relations.
Pertti Salminen, who has been responsible for Paper Business Asia Pacific, will retire as planned in September 2013.
Poulsen has been working as Senior Vice President, UPM Plywood, since 2011.
Sale of SCA Laakirchen Mill to Heinzel
Divestment of Laakirchen mill now closed: SCA has now completed the previously announced divestment of the Laakirchen mill in Austria.
The Laakirchen mill, producing magazine paper, was sold to Heinzel Group. The closing follows clearance by relevant competition authorities.
The initial purchase consideration is EUR 100m with a possible maximum additional purchase price of EUR 100m based on a two-year profit-sharing model.
The Laakirchen mill, producing magazine paper, was sold to Heinzel Group. The closing follows clearance by relevant competition authorities.
The initial purchase consideration is EUR 100m with a possible maximum additional purchase price of EUR 100m based on a two-year profit-sharing model.
South America: Becoming Competitive Force in Forest Industry
Significant capacity expansion plans in South
America are set to add between 20 to 30 million metric tons of chemical
pulp to the global forest, paper, and packaging (FP&P) market by 2020. This
is according to the 2013 Global forest, paper, and
packaging trend watch: A changing landscape: South America's influence on
global markets report released today by the Deloitte Touche
Tohmatsu (DTTL) Global Manufacturing Industry group.
The report highlights the growing influence of South America on the global FP&P industry as an emerging consumer base as the region's reliance on paper imports to satisfy growing demand is expected to continue. It also forecasts that South America, with its current investments into state-of-the-art production facilities, could also stake a competitive position in global markets.
The report highlights the growing influence of South America on the global FP&P industry as an emerging consumer base as the region's reliance on paper imports to satisfy growing demand is expected to continue. It also forecasts that South America, with its current investments into state-of-the-art production facilities, could also stake a competitive position in global markets.
Condé Nast Media Group Names President, Chief Revenue Officer
Louis Cona joined Condé Nast Media Group just
five years ago, but he has quickly ascended to the top of the organization:
company CEO Charles Townsend announced today that Cona will assume the role of
president of the Condé Nast Media Group and chief revenue officer.
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Cona joined Condé Nast Media Group in 2008
and has been the company’s chief marketing officer for the past three years.
Earlier in his career, Cona spent four years as vice president and publisher of
Vanity Fair and two years as vice president and publisher of The New Yorker.
In 24 Hours, Flipboard Users Create 100,000 Magazines
Flipboard recently rolled out version 2.0, which is being billed as
a revolution for digital publishing. Its 50 million users can now cherry-pick
articles from Flipboard and port these to collections of their own sharable
magazines, pretty much in the same vein of the user-curated online news
platforms Paper.li or Storify. And clearly, users are in favor of the
custom-curation, because the numbers don’t lie: Within just 24 hours of
releasing version 2.0, Flipboard has seen 100,000 magazines created, reports Mashable.
The news of the feature’s rapid
adoption was announced by Flipboard’s partner of strategy and development, Paul
Katz, at the Magazine Publisher Association conference.
27 Magazines Launched In Q1
A total of 27 new magazines launched in the
first quarter of 2013, while nine titles closed.
New titles launched in the first quarter of
2013 include Glam Belleza Latina, a
Spanish-language publication targeting Hispanic women produced by Glamour, as well as The Veil,
a new bridal mag, and Politico Pro Magazine,
a print magazine produced by the well-known political blog of the same
name. Four business-to-business titles launched in the first quarter as well, including IR Quarterly, a trade publication for the medical field of interventional radiology.
Hearst Receives 9 National Magazine Nominations
The American Society of Magazine Editors
(ASME) today announced the finalists for the 2013 National Magazine Awards.
Known as the Ellies—for the Alexander Calder stabile "Elephant" given
to each award winner-—the National Magazine Awards will be presented on
Thursday, May 2, at the New York Marriott Marquis.
Sixty-two publications were nominated this
year in 23 categories. Twenty-six magazines received multiple nominations, led
by National Geographic with seven, followed by Bon Appétit and New
York, both with six. GQ and The New Yorker both received five
nominations; Esquire, Harper's Magazine, Mother Jones
and Texas Monthly all received four.
Magazines with multiple nominations also
include The Atlantic (3), Saveur (3), TIME (3), Wired
(3), Bloomberg Businessweek (2), Byliner (2), Golf Digest
(2) Los Angeles (2), Martha Stewart Living (2), The New York
Times Magazine (2), Outside (2), The Paris Review (2),
Real Simple (2), Scientific American (2),Slate (2), Sports
Illustrated (2) and W (2).
American Greetings to be Sold
American Greetings Corporation (NYSE: AM)
(the "Company" or "American Greetings") announced today
that it has signed a definitive agreement under which a newly organized entity
owned by the Weiss Family, including the Company's Chairman, Morry Weiss; Director
and Chief Executive Officer, Zev Weiss; and Director, President and Chief
Operating Officer, Jeffrey Weiss and related persons and entities, will acquire
the Company.
Wall Street Journal Launches Turkish Site
Wall Street Journal launches Turkish site: The Wall Street Journal has introduced The Wall Street Journal Türkiye, an online edition at wsj.com.tr. The business newspaper is now producing 12 international websites in nine languages.
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