Hearst Magazines CEO Arnaud de Puyfontaine
maintains that the circ trends in reporting by the U.K.’s Audit Bureau of
Circulations (separate entity from North America’s AAM) “are missing all the
points about the reality of what’s happening in the industry. I’d rather have
an ABC decrease because we are publishing at capacity of selling good
magazines, with a solid type of readership, rather than [increased circulations
due to] bulk or pricing push.” The “doom and gloom” over declining circulations
is misplaced, he said. He added that magazines are “the only medium in which
advertising is not intrusive. A magazine without advertising is extremely
boring. I like to evangelise the market. It’s much more exciting to work with
us today than it was five years ago.” Hearst has been undergoing a “very
Darwinian type of experience” in transforming itself to become a multiplatform
business, De Puyfontaine said.
Wednesday, September 11, 2013
Mohawk/Martha Stewart Living Omnimedia Partnership
Mohawk, a privately-owned manufacturer of fine
papers, envelopes and specialty substrates for commercial and digital printing,
is pleased to announce a new partnership with Martha Stewart Living Omnimedia
Inc., as Supporting Sponsor of the 2013 Martha Stewart American Made program.
This is the first year of Mohawk’s sponsorship
and the second year of the American Made program, which celebrates artists,
creative entrepreneurs and small business owners who are powering an economic
resurgence in this country. Mohawk’s support of American Made aligns closely
with the brand’s efforts to support an emerging maker movement.
Private Equity Firm Buys Neiman Marcus
http://www.businessweek.com/news/2013-09-09/neiman-marcus-s-new-buyers-face-tough-luxury-retail-environment
Neiman Marcus Inc.’s new private-equity owners are buying a luxury chain that’s in danger of running out of room to expand in the U.S. as even well-heeled shoppers pull back.
Ares Management LLC and the Canada Pension Plan Investment Board agreed today to buy the U.S. department store company from TPG Capital and Warburg Pincus LLC for $6 billion.
While Neiman has recovered some of its luster in the past year, sales remain below their 2008 peak. Many Americans are wary amid a weak economy and rather than spending on apparel are upgrading their cars and buying home-related merchandise as the U.S. housing recovery gathers momentum.
Neiman Marcus Inc.’s new private-equity owners are buying a luxury chain that’s in danger of running out of room to expand in the U.S. as even well-heeled shoppers pull back.
Ares Management LLC and the Canada Pension Plan Investment Board agreed today to buy the U.S. department store company from TPG Capital and Warburg Pincus LLC for $6 billion.
While Neiman has recovered some of its luster in the past year, sales remain below their 2008 peak. Many Americans are wary amid a weak economy and rather than spending on apparel are upgrading their cars and buying home-related merchandise as the U.S. housing recovery gathers momentum.
CEPI: EC EoW Proposal Fails Objectives
http://www.cepi.org/
The European
Commission proposal on End-of-Waste (EoW) criteria for paper fails to address
the objectives of increasing the quality and availability of paper for
recycling and will have an adverse impact on making Europe a resource efficient
recycling society.
Europeans
are champions in paper recycling - but for how long? In 2012, 71.7% of paper
consumed in Europe was recycled. Used paper has become the single most
important raw material for the European paper industry with some mills being
completely reliant on it for their feedstock. The Commission proposal threatens
Europe's ability to maintain its recycling rates for paper, let alone improve
them.
The
European Commission's End-of-Waste criteria for paper move the recycling and
EoW point from its current location at the paper mill to an earlier stage in
the collection. As a result of this move ‘recycled paper' will be unusable
without further reprocessing.
The
Commission cannot demonstrate any environmental benefit for doing this. As a
result the European paper industry fears the new legislation risks a lower
quality of paper for recycling and poses a threat to current high levels of
paper recycling. In fact, as the Waste Shipment Regulation would no longer
apply, environmental impact will be negative.
Bank of England Seeking Public Input on Switch from Paper Currency
http://www.bankofengland.co.uk/publications/Pages/news/2013/103.aspx
The Bank of England is responsible for maintaining confidence in the currency, by meeting demand with good quality genuine banknotes that the public can use with confidence. Designing new banknotes that take advantage of developments in security features is crucial to delivering this remit. For the past three years the Bank has conducted a research project looking at the materials on which banknotes are printed. In particular, the Bank has reviewed the relative merits of printing banknotes on polymer rather than the cotton paper as at present.
From our research, we are confident that printing on polymer would bring considerable benefits to both the durability and quality of banknotes, while also enhancing the strong security which the public associates with Bank of England banknotes.
The Bank of England is responsible for maintaining confidence in the currency, by meeting demand with good quality genuine banknotes that the public can use with confidence. Designing new banknotes that take advantage of developments in security features is crucial to delivering this remit. For the past three years the Bank has conducted a research project looking at the materials on which banknotes are printed. In particular, the Bank has reviewed the relative merits of printing banknotes on polymer rather than the cotton paper as at present.
From our research, we are confident that printing on polymer would bring considerable benefits to both the durability and quality of banknotes, while also enhancing the strong security which the public associates with Bank of England banknotes.
Given
that banknotes play a role in everyone’s day to day lives, the Bank is
undertaking a public consultation programme before deciding whether to print on
polymer. As part of this programme we will be hosting a number of events
across the United Kingdom over the next two months, in order to give the public
an opportunity to learn more about polymer banknotes and to provide feedback
before we make a final decision.
Tuesday, September 10, 2013
Nippon to Hike Price for Printing Papers
Nippon
Paper Industries Co., Ltd. today announced that it will increase pricing on its
printing and communication papers, and converting paper sold in the domestic
market.
The
increase will be a minimum of 10%, effective with shipments on October 21.
Nippon
Paper said the price hike is necessary due in part to rising input costs.
“While
the depreciation of Japanese yen trend continues, the prices of raw materials
and fuels are in an upward trend. Although the company has made sustained
efforts to reduce costs, it has proven difficult to absorb all the cost
increases through the Company's own efforts, and it was decided that there was
no alternative but to pass the cost on to the product prices,” Nippon Paper
said in a press release.
Lower Fiber Costs Improved Profitability in H1 2013
Lower
prices for pulp logs and wood chips in some major markets, and a strengthening
US dollar resulted in lower wood fiber price indices in the 2Q/13, according to
the Wood Resource Quarterly (WRQ) published by Wood Resources International.
Over
the past two years, hardwood fiber costs for the pulp industry have declined
more than softwood fiber prices. The "Hardwood Wood Fiber Price
Index" (HFPI) has fallen every quarter except one, during this period. In
the 2Q/13, the HFPI was US$100.46, which was 3.1 % lower than the previous
quarter and 14.8 % below the all-time high in the 3Q/11. The biggest price
declines since the first quarter of 2013 have occurred in France, Japan,
Australia, Russia and Germany. Comparing wood fiber costs for the global pulp
industry, which typically ranges between 50-70 % of the production costs,
reveals that since 2011, pulp mills in Japan, Brazil and Spain have seen their
fiber costs come down the most of the major hardwood pulp-producing countries
in the world.
Extra Emission Cut Should be Wake-Up Call
The
European Commission just announced it will cut free allocation of emission
credits to industry with an additional 6% in 2013 - adding up to a startling
18% extra cut by 2020. The decision is very harsh as even the most carbon
efficient companies in Europe will not receive the credits they need to
operate.
It
is time to make a reality check on all recent and misleading statements implying
that EU ETS does not impact European industry.
The
idea was simple. Industries receive free allocation of credits based on a
benchmark. Only the 5% best installations receive what they need, all others
have to buy carbon credits.
Time Inc. Buys AmEx Publishing
http://www.mediapost.com/publications/article/208815/time-inc-buys-amex-publishing.html#axzz2eQF39XP8
Time Inc. is making big strategic moves as it
prepares to be spun off from Time Warner. In the biggest move so far, on
Tuesday, newly appointed CEO Joseph Ripp announced the acquisition of all of
American Express Publishing’s magazines, including
Travel + Leisure, Food & Wine, Departures, Executive Travel and Black Ink.
Terms of the deal weren’t disclosed, but the price tag is believed to be less than $100 million, according to unnamed sources cited by the New York Post.
The AmEx titles will become part of Time Inc.’s Lifestyle Group, reporting to executive vice president and Lifestyle Group president Evelyn Webster.
http://www.adweek.com/news/press/time-inc-talks-buy-american-express-titles-152307Terms of the deal weren’t disclosed, but the price tag is believed to be less than $100 million, according to unnamed sources cited by the New York Post.
The AmEx titles will become part of Time Inc.’s Lifestyle Group, reporting to executive vice president and Lifestyle Group president Evelyn Webster.
In a
well-kept secret for the usually gossipy media industry, Time Inc. has agreed
to buy American Express’ luxury publishing division, which includes Food &
Wine, Travel + Leisure and Departures.
The price of the sale, expected to close
in Q4, wasn't disclosed.
The
sales talks were prompted by rules that required AmEx, as a bank holding
company, to exit noncore businesses. Banking regulations limit AmEx’s ability
to work in non-banking activities.The New Yorker Tests Native Advertising
The
New Yorker has begun running content on behalf of brands. But unlike other
magazines that set the stage a year or so ago, there has been little fanfare
around the fact that one of the most prestigious publications in print has gone
native. According to a New Yorker spokesperson, the magazine’s native
advertising initiative is not very different from other large, integrated
programs Condé Nast brands have run for numerous advertisers over the
years. Sponsored content is being created by TNY’s business side.
Hearst's Harper Bazaar/Yoox Group Agreement
Hearst’s Harper’s Bazaar and Yoox Group
have signed an agreement establishing Yoox as the primary retail partner for
ShopBazaar.com, the e-commerce platform. The partnership with Yoox will link
ShopBazaar.com, which allows readers to shop for products featured in the
magazine and its Web site (products chosen by editors), with two Yoox
e-commerce sites thecorner.com and shoescribe.com,
focused on high fashion and shoe shopping, respectively. E-commerce
offerings from the Yoox sites are integrated into ShopBazaar.com alongside
editorial content from Harper’s Bazaar. The magazine launched ShopBazaar a
year ago, with Saks Fifth Avenue as its partner, but that partnership ended in
June. Previously, Hearst’s Elle announced a partnership with
e-commerce platform Net-a-Porter. That deal gives Elle Web site visitors
access to 1,200+ luxury products from Net-a-Porter, and allows users to browse
and search for products by a variety of characteristics, including category,
color, price and designer.
Fashion Mags Bet on E-Commerce
The Atlantic’s Digital Side Expansion
POLITICO Acquires Capital New York
POLITICO co-founder and executive editor, Jim VandeHei will now also serve as president of the Capital New York division, and he tells Folio: this move was a play "to test our journalistic and business theories in another market." He adds that, "Everything we've done so far has been in Washington, but there is a certain way we do journalism, a certain velocity, a certain voice, and we've always wanted to try it outside of Washington. And to us, New York is the next logical place."
People Tries New Tiered-Subscription Model
Readers can go print- or digital-only for $112 per year, but they're getting more—i.e. apps and exclusive content—with the latter. A combination of the two runs $132 annually, while a V.I.P. offer, including multiplatform access, gift boxes and monthly prize drawings, is $200 per year.
Options had been limited before today's announcement. Combined print and digital subscription packages were sold for $112, with the choice to opt out of receiving the print magazine. There were no upper-tier options.
Direct Mail Without Call Tracking Is Just Silly
Not only can they tell you which ad copy, colors, size, CTA, geographic targeting efforts, and offers, produce calls—they can tell you which don't. Can you say optimization? They're also really easy to implement on direct mail pieces. You're putting a phone number on their anyway, right? You might as well put a phone number that gives you data.
Now let's talk pros and cons.
Print Is Doing Just Fine, Thank You
But, the traditional media aren’t the only ones being disrupted by what’s been happening in the communications marketplace.
Digitizing information delivery doesn’t necessarily mean improving information delivery. Internet analytics provider comScore recently reported that of nearly 6 trillion display ad impressions sent across the web in 2012, 3 ads in 10 were never “rendered-in-view”: that is, actually seen by anyone. The results of this inefficiency, said comScore, were “significant waste, weaker campaign performance and a glut of poor-performing inventory that imbalances the supply-and-demand equation and depresses CPMs.”
Without doubt, print has taken its share of the lumps in the communications upheaval brought about by the rise of the Internet and, most recently, by our infatuation with mobile. But, print has been made stronger by what it’s endured, and it may be better positioned than some of the other media to profit from change still to come.
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