Liz
Schimel, Meredith’s chief digital officer for its magazine division, has been
tapped by Condé Nast International to lead its China business. As president of
Condé Nast China, she’ll oversee the magazine brands Vogue, Self, GQ, AD and
Condé Nast Traveler.
Condé
Nast International president Jonathan Newhouse said Schimel’s publishing
experience, including digital, and her family ties to China made her ideal to
lead the business. Schimel is fluent in Mandarin, having studied in Beijing,
where she met her future husband. In an interview, she once expressed interest
in returning to China to work. Her appointment takes effect in October.
Wednesday, July 17, 2013
Condé Nast Names President, China Business
http://www.adweek.com/news/press/merediths-liz-schimel-tapped-lead-cond-nast-china-151225
RRD, John Wiley & Sons Sign Agreement
http://www.piworld.com/article/rrd-awarded-agreement-to-provide-fulfillment-services-for-john-wiley-sons/1
R.
R. Donnelley & Sons Company today announced that it has been awarded an
agreement that expands its relationship with John Wiley & Sons. Under the
terms of the agreement RR Donnelley will provide warehousing, distribution and
fulfillment services for Wiley's North American professional development and
research products.
Old Navy Splits With Crispin Porter + Bogusky
Old
Navy has parted ways with Crispin Porter + Bogusky, five
years after first hiring the agency as its lead creative shop.
The
marketer, owned by Gap, has no immediate plans to hire another lead agency to
replace Crispin, and instead will work with a range of roster shops—including
San Francisco-based Camp + King, and New York-based Chandelier—on an a project
basis.
Old
Navy spent more than $200 million across media in 2012, according to Kantar
estimates.
The
split follows the entrance of Old Navy's new chief marketing officer, Ivan
Wicksteed, who started at the clothing retailer April 1.
Sun Media Continues Restructuring Initiatives
http://online.wsj.com/article/PR-CO-20130716-908084.html
Sun Media Corporation announces the elimination of 360 positions, the
closing of 8 publications across the country and 3 of its free urban dailies,
the 24 Hours newspapers in Ottawa, Calgary and Edmonton, as well as a series of
initiatives to enhance operational efficiencies. The strategic overhaul is
expected to yield annual savings of approximately $55 million.
The closing of the three 24 Hours newspapers is a result of Sun Media's decision to focus on a single urban newspaper in each market, except Montréal and Toronto, where the mass transit systems warrant the continuation of Sun Media Corporation's free dailies as well. With the continued publication of 24 Hours in Vancouver, Sun Media remains present in all of Canada's major urban markets.
In addition to these three 24 Hours, the following 8 titles have already ceased or will cease publication: L'Action Régionale in Montérégie (Québec), The Lindsay Daily Post (Ontario), The Midland Free Press (Ontario), The Meadow Lake Progress (Saskatchewan), The Lac du Bonnet Leader (Manitoba), The Beausejour Review (Manitoba), Le Magazine Saint-Lambert (Québec) et Le Progrès de Bellechasse (Québec).
The closing of the three 24 Hours newspapers is a result of Sun Media's decision to focus on a single urban newspaper in each market, except Montréal and Toronto, where the mass transit systems warrant the continuation of Sun Media Corporation's free dailies as well. With the continued publication of 24 Hours in Vancouver, Sun Media remains present in all of Canada's major urban markets.
In addition to these three 24 Hours, the following 8 titles have already ceased or will cease publication: L'Action Régionale in Montérégie (Québec), The Lindsay Daily Post (Ontario), The Midland Free Press (Ontario), The Meadow Lake Progress (Saskatchewan), The Lac du Bonnet Leader (Manitoba), The Beausejour Review (Manitoba), Le Magazine Saint-Lambert (Québec) et Le Progrès de Bellechasse (Québec).
Tuesday, July 16, 2013
Stora Completes Negotiations to Close PMs
http://www.storaenso.com/
Stora
Enso has finalized discussions with employee representatives regarding job cuts
at its Hylte mill in southern Sweden in relation to the permanent closure of
two newsprint machines at the factory.
Stora
Enso stopped production at the site's 205,000 tonne/yr newsprint PM 2 for market-related reasons on May 16, and after
discussions with unions the closure later became permanent. The firm halted the
180,000 tonne/yr newsprint PM 1 on December 27 last year. Layoff negotiations
related to the closure of PM 1 were finalized in March, and those relating to
PM 2 in June.
After
the closure of PMs 1 and 2, the factory will change from a six- to a five-shift
system, as it no longer needs to run all year around, according to Henrik
Axelsson, communications officer at the factory. This will reduce production
slightly, as the factory will not operate during major holidays.
The Hylte mill now has a capacity of some 480,000 tonnes/yr of newsprint on two machines.
The Hylte mill now has a capacity of some 480,000 tonnes/yr of newsprint on two machines.
Court Rules Out EPA Delay
http://www.businessweek.com/news/2013-07-12/epa-delay-on-greenhouse-gas-rules-for-biofuels-tossed-by-court
A decision by the U.S. Environmental Protection Agency to delay for three
years making rules to curb carbon dioxide emissions from biofuels was thrown
out by the U.S. Court of Appeals in Washington.
The EPA failed to spell out what the delay, known as the deferral rule, would accomplish, according to a 2-1 ruling by a three-judge panel.
The EPA’s position was backed by the American Forest and Paper Association, which intervened in the case in support of the agency’s postponement of regulation.
“The court’s ruling creates great uncertainty about the permitting requirements for biomass energy and underscores the need for EPA to finalize its rulemaking on the treatment of biogenic emissions,” Donna Harman, chief executive officer of the Washington-base trade group, said in an e-mailed statement.
The EPA failed to spell out what the delay, known as the deferral rule, would accomplish, according to a 2-1 ruling by a three-judge panel.
The EPA’s position was backed by the American Forest and Paper Association, which intervened in the case in support of the agency’s postponement of regulation.
“The court’s ruling creates great uncertainty about the permitting requirements for biomass energy and underscores the need for EPA to finalize its rulemaking on the treatment of biogenic emissions,” Donna Harman, chief executive officer of the Washington-base trade group, said in an e-mailed statement.
Time to Modernize Direct Mail Measurement
http://www.dmnews.com/its-time-to-modernize-direct-mail-measurement-for-a-digital-world/article/303078/
With so much attention being paid to new digital channels and the emergence
of RTB, it's easy to overlook advertisers' sustained reliance on direct mail,
which last year accounted for more than $51 Billion across catalog and
non-catalog spending. A primary reason for brands' continued fondness for
direct mail is that it has traditionally outperformed
most (if not all) other channels and advertisers' know that consumers are
increasingly wary of online display ads, which are often perceived as intrusive
and annoying,
whereas many find direct mail to be more convenient and easier to digest (or
ignore) on their own terms.
However, while direct mail's resilience during the digital marketing era is
worthy of attention, it remains a blind spot for many marketers looking to understand
the impact of all marketing efforts. This is particularly true as it relates to
their ability to quantify the impact direct mailing has on conversions, both
online and in-store, and how much conversion credit it deserves relative to
other marketing touchpoints. With the push towards data-driven marketing
decisions, personalized media, granular audience targeting, and real-time
budget optimization this lack of understanding limits advertisers' ability to
identify the right mix of marketing levers—messages, media, and channels—and
often leads to overvaluing, or overspending, on other channels.
Continuous-Feed Inkjet Production Market
http://whattheythink.com/articles/64457-continuous-feed-inkjet-production-market2013/
Now
in its fifth full-year since its introduction, the continuous-feed inkjet
printer market shows no signs of maturity. There are few other markets in
either the printer segment or consumer electronic segments that continue to
show growth after five years. This doesn’t mean that the path forward is lined
with rose petals; the challenge of where to continue to find enough pages to
fill these highly productive printers is not an easy challenge.
Transaction
printing remains the largest application of all pages printed on these devices.
While actual pages will double through the forecast period, I.T. Strategies is
projecting that by 2017, nearly all toner-based mono continuous-feed pages
remaining will have been replaced by continuous-feed inkjet printers. This
means that future page volume growth will become more dependent upon a
combination of both offset page replacement and new application page volumes.
House Returns to Postal Reform
http://postandparcel.info/56896/news/regulation/us-house-committee-to-consider-postal-reform-proposals/
The proposals seek ways to pull the US Postal Service back from the major losses it has been generating since 2006.
Last year USPS recorded a $15.9bn annual loss, although $11bn of this was defaulted payments that were not made. This year USPS is expecting to lose about $7.5bn, while the federal agency’s debt remains at the legal maximum of $15bn.
USPS needs to cut its operating expenses by more than $20bn to return to a balanced situation, but needs Congressional action to achieve half of this, according to executives.
The US Congress failed to reach agreement on postal reforms last year, with the House of Representatives proving the key hurdle to legislation being passed.
The issue of postal reform is set to return to the US House of Representatives
tomorrow, as the Oversight and Government Reform Committee examines proposals
for legislation to rescue the Postal Service.
The hearing under Chairman Darrell Issa has been scheduled following the
release of legislative proposals from both the House Republicans and the House
Democrats. The proposals seek ways to pull the US Postal Service back from the major losses it has been generating since 2006.
Last year USPS recorded a $15.9bn annual loss, although $11bn of this was defaulted payments that were not made. This year USPS is expecting to lose about $7.5bn, while the federal agency’s debt remains at the legal maximum of $15bn.
USPS needs to cut its operating expenses by more than $20bn to return to a balanced situation, but needs Congressional action to achieve half of this, according to executives.
The US Congress failed to reach agreement on postal reforms last year, with the House of Representatives proving the key hurdle to legislation being passed.
U.S. Ad Expenditures Flat
http://printinthemix.com/Fastfacts/Show/747
Total U.S.
advertising expenditures the first quarter of 2013 declined 0.1 percent from a
year ago and finished the period at $30.2 billion, according to the
latest data from Kantar Media,
a provider of strategic advertising and marketing information. Ad spending
during the fourth quarter of 2012 rose 2 percent versus the year ago
period.
"It has been a
lackluster start for 2013, with flat year-over-year results due in part to
strong 2012 growth caused by political and Olympic ad spending,” said Jon
Swallen, Chief Research Officer at Kantar Media North America. “Data from the
early second quarter are mixed, suggesting marketers are still being cautious
and conservative with ad budgets. However, there are some bright spots, including
healthy growth for Hispanic media and Outdoor.”
Monday, July 15, 2013
AF&PA Encourages EPA Cofirmation
American
Forest & Paper Association President and CEO Donna Harman issued the
following statement on expected action by the U.S. Senate to confirm Gina
McCarthy as the U.S. Environmental Protection Agency's (EPA) new administrator.
"On
behalf of the paper and wood products industry, we are pleased to see progress
toward the confirmation of Gina McCarthy as the new administrator for the EPA.
"We
are encouraged that the Senate is expected to vote soon on her confirmation. If
confirmed by the full Senate, we look forward to working with Ms. McCarthy,
whom we've found to be an objective and deliberative decision maker with an
appreciation for due process and engaging different perspectives.
Restoration Hardware Is Private-Equity Boon
RH -3.83% Once teetering on the edge
of bankruptcy and subject of a buyout bidding war during which offers shrank, Restoration Hardware Holdings Inc. RH -3.83% is turning into a bonanza
for its private-equity owners.
The
firms that bought the luxury-home-furnishings retailer in 2008 are on track to
make about eight times their initial investment, when including their remaining
stock holdings in the company, according to a Wall Street Journal analysis of
securities filings. This is a huge return among deals struck in the years
leading up to and during the financial crisis.
Restoration
Hardware has a stock-market value of about $2.7 billion.
Five
years ago, as the housing crash crimped the company's profits, a group led by
Connecticut private-equity firms Catterton Partners and Tower Three Partners
LLC and the retailer's chief executive took the company private for about $177
million.Restoration still doesn't turn out consistent profits. But today the retailer, which returned to public ownership in a November initial public offering, has a stock-market value of about $2.7 billion.
At one point last week, shares traded at more than three times their IPO price of $24. The surge has prompted the company's owners to cash in. Late Thursday, the buyout group and executives sold some $560 million of stock.
The deal followed a similarly sized sale in late May that returned about $497 million.
The success shows that even as the buyout business matures and big gains are seen as more difficult to come by, some deals can prove runaway winners.
Forbes Names Howard CRO, Levien Leaves for NYT
Forbes Media today announced the promotion of Mark Howard to Chief Revenue
Officer. Previously, he was senior vice president, digital advertising
strategy. Forbes Media Chief Revenue Officer Meredith Levien has decided to
leave Forbes to assume the role of executive vice president, advertising at The New York Times.
http://www.adweek.com/news/advertising-branding/new-york-times-names-new-ad-chief-151168
Back
in March, The New York Times Co. announced
a new structure, recognizing a need to speed up its operations and boost
its digital operations amid a slump for print newspapers. The company created
three new groups, for digital products and services, print products and
services, and advertising. Today, the Times continued that process, naming Meredith
Levien from Forbes to head up the last one.
As
evp of advertising, a newly created position, Levien will oversee advertising
revenue coming from all the Times’ products and services. She’ll be on the
executive committee and report directly to Times president and CEO Mark
Thompson, starting Aug. 5.
Forbes has found success in its digital sales lately, but its team is in the
midst of a shakeup.
Programmatic and native sales advocate Meredith Levien has left her role as
Forbes Media Chief Revenue Officer to become executive vice president of
advertising at The New York Times. Mark Howard, previously the senior vice president of digital advertising strategy at the company, will assume Levien's CRO role, effective immediately.
The move is the second major leadership change in as many weeks for Forbes. Mike Smith, formerly chief digital officer of Forbes Media, was recently named vice president of revenue platforms and operations for Hearst Magazines Digital Media.
Gap, Old Navy Lead Retail Sales Growth
Retailers’ sales continued to heat up
in June amid improving weather and discounting as chains looked to clear out
spring merchandise and prepare for the back-to-school season. One standout was
Gap, which continued to record strong sales. Its same-store sales growth of 7
percent handily topped expectations. Gap stores posted a 5 percent rise when 6.3
percent growth was expected, while Banana Republic's same-store sales declined
1 percent, compared with expectations for 0.7 percent growth. Old Navy recorded
13 percent growth, well ahead of expectations for 5.4 percent growth.
Hearst Mags Retains IMG Licensing
Hearst Magazines International announced that
IMG Licensing will be the exclusive product licensing representative for key
Hearst Magazines brands, Cosmopolitan, Esquire and Harper’s
Bazaar outside of the U.S. and Canada. Cosmopolitan
reaches more than 100 million readers, through 62 international editions. Esquire
is published in 14 languages and distributed in 45 countries. Harper’s
Bazaar is published in 17 languages and has 34 international
editions.
Where’s Direct Mail in This Survey List?
I was browsing email subject lines and one about Millennials using print
caught my eye. Every now and then, you see data showing that direct mail and
other print media carry weight — and influence — among this coveted and
digital-media-heavy demographic.
I clicked through, and the data from was Experian (Digital
Marketing Report 2013). It did show Millennials using print, but it
was newspapers and magazines. In a seven-day span (“seven-day platform reach”),
the chart indicated, approximately 70% of 18-24-year olds were reading
newspapers and magazines. Nice to know, but . . . Television, mobile phone, radio, newspaper, home computer, magazine, work computer, game console, MP3 player, tablet, e-Reader. Those were the categories included, leaving magazines and newspapers the print representatives.
Where was direct mail? Despite the power that print continues to show in influencing consumer decisions and as part of consumers’ preferences, somehow it was not included in the media mix being studied. How did direct mail get overlooked?
Retailers, Tracking and Big Data
Like dozens of other brick-and-mortar retailers, Nordstrom wanted to learn more
about its customers — how many came through the doors, how many were repeat
visitors — the kind of information that e-commerce sites like Amazon have in
spades. So last fall the company started testing new technology that allowed it
to track customers’ movements by following the Wi-Fi signals from their
smartphones.
But when Nordstrom posted a sign telling customers it was tracking them,
shoppers were unnerved. “We did hear some complaints,” said Tara Darrow, a spokeswoman for the store. Nordstrom ended the experiment in May, she said, in part because of the comments.
We’ve certainly read and heard a lot about data gathering lately, and the
term “Big Data” is making its way into the public lexicon. One issue
that’s come up often is “Given what we’ve found out about what is being done by
government agencies with available data, will we see a consumer backlash
against giving retailers information? Will consumers batten down their
privacy hatches?”
I’m a firm believer that an educated consumer will make better decisions, and so I thought I’d spend a few hundred words giving you some correct definitions, followed by some realistic retail scenarios.
I’m a firm believer that an educated consumer will make better decisions, and so I thought I’d spend a few hundred words giving you some correct definitions, followed by some realistic retail scenarios.
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