OpenGate
Capital, a global private buyout firm, announced today that it has
completed the acquisition of PennySaver USA comprised of the Shoppers and
PennySaver assets from Harte-Hanks, Inc., (NYSE: HHS) just one week after
announcing it had signed an agreement to acquire the business. PennySaver
USA, headquartered in Brea, California, represents the first California-based
acquisition for OpenGate Capital, and it joins a portfolio of 12 other leading
enterprises with operations throughout North America, Latin America and Europe.
Monday, September 30, 2013
OpenGate Capital Buys PenneySaver from Harte-Hanks
http://www.opengatecapital.com/2013/09/27/opengate-capital-completes-acquisition-of-pennysaver-usa/
Friday, September 27, 2013
UPM Changes to Business Structure, Reorganize Head Office
Following
the changes in UPM business structure announced on August 6 of this year, UPM
Paper ENA (Europe & North America) and UPM Paper Asia Business Areas will
adopt a new organization structure as of November 1, 2013.
The
new UPM Paper ENA will consist of the following three strategic business units
(SBU):
Magazine Publishing & Advertising Merchants, Home & Office
Newspaper Publishing
UPM
Paper Asia will consist of two strategic business units (SBU): Fine Papers APAC
and Label Papers.
Resolute Forest Products Announces Increase
Resolute Forest Products has announced a $40/short ton price increase, effective on shipments on or after November 1, on the following grades: Resolute Select 75, ResoluteBook 75, 85, ResoluteText 80, Resolute Text Cream, Resolute Hybrid Smooth and Hybrid Vellum, Alternative Offset, Alternative Opaque, Alternative Book, Alternative Book Cream, Equal Offset, Equal Book, Ecopaque Offset, Ecopaque Laser and Ecopaque Jet.
More Firms Announce Pulp Price Increases
Weyerhaeuser
(Weyco) informed North American and European customers that it would increase
fluff pulp prices $20/tonne, effective October 1 until further notice, RISI has
learned.
Weyco
slated a new list price of $960/tonne in the USA and Europe, up the $20/tonne,
industry contacts said.
Weyco
is the second known producer of fluff pulp to announce a $20/tonne fluff price
increase in key markets.
Mercer
International informed North American customers that it will increase northern
bleached softwood kraft (NBSK) pulp prices $20/tonne, effective October 1,
according to industry contacts.
Vancouver-headquartered
Mercer told domestic customers its US NBSK list price would increase to
$970/tonne.
Mercer
International has begun informing customers that it will increase its price for
northern bleached softwood kraft (NBSK) pulp to $900/tonne for deliveries from
October 1.
The
firm cited "prevailing market conditions" as the reason for the
increase. Due to improved market fundaments Södra will increase its market price for NBSK in Europe to USD 900, effective from October 1st 2013.
ME Gas Line Will Soon Serve Sappi, UPM
The
company laying a section of the Summit Natural Gas pipeline will begin working
24 hours a day, seven days a week, starting Thursday to link Sappi Fine Paper
Co. to the main gas line under construction in Fairfield.
Sappi,
one of the state's largest employers, is among a handful of anchor tenants that
made the $350 million gas pipeline possible in the Kennebec Valley.
NewPage Releases '12 Sustainable Development Facts and Figures
NewPage
Corporation, the leading producer of printing and specialty papers in North
America, announced today the release of its Sustainable Development Facts and
Figures 2012 report.
"At
NewPage, we work hard every day to make sustainable practices a part of what we
do," said George Martin, president and chief executive officer for
NewPage. "We are committed to reducing our impact on the environment and
securing the long-term health of our company through a variety of
environmental, social and economic programs."NewPage produces an annual sustainable development report to provide its stakeholders a look at the company's performance and activities designed to improve the way it manages human, natural and financial resources.
Catalog Mailers May See 5.9%-6.1% Postal Rate Increase
Hamilton Davison, president and director of the ACMA, said various mailers will see slight variations in the amount imposed. The 5.9% incorporates an annual Consumer Price Index increase of 1.6% plus an additional exigent increase of 4.3% over the rate of inflation.
Davison added, they are told to expect standard flats will be subjected to an overall 6.1% increase.
Next Issue Media Expands into Canada
Next Issue sold an undisclosed equity stake to Rogers and will expand its services into Canada beginning next month. The partnership also brings several Rogers titles to Next Issue's growing portfolio.
Hearst's Dr. Oz Magazine Takes Shape
http://adage.com/article/media/hearst-s-dr-oz-magazine-takes-shape-good-life/244435/
Hearst is likely to call its forthcoming Dr. Mehmet Oz magazine "The Good Life," according to two people familiar with the matter. The title will likely also include the celebrity physician's name, though it's unclear precisely how that will be presented. A Hearst spokeswoman declined to comment.
Hearst, the publisher of Esquire and Cosmopolitan, plans to announce the magazine's name on Oct. 15 as part of an event it's calling a magazine upfront, a reference to the TV industry's annual presentations to ad buyers and negotiations for ad inventory. Two pilot issues of the Dr. Oz venture are due starting early next year, the company has said.
Hearst is likely to call its forthcoming Dr. Mehmet Oz magazine "The Good Life," according to two people familiar with the matter. The title will likely also include the celebrity physician's name, though it's unclear precisely how that will be presented. A Hearst spokeswoman declined to comment.
Hearst, the publisher of Esquire and Cosmopolitan, plans to announce the magazine's name on Oct. 15 as part of an event it's calling a magazine upfront, a reference to the TV industry's annual presentations to ad buyers and negotiations for ad inventory. Two pilot issues of the Dr. Oz venture are due starting early next year, the company has said.
Start-Up Magazines Are ‘Latest Status Symbols’
For a handful of well-connected New
Yorkers, glossy, start-up magazines are the latest status symbols. Veteran
Vanity Fair writer Kevin Sessums launched a magazine for gay readers,
FourTwoNine (Sarah Jessica Parker and Andy Cohen on first cover). Others have
launched travel and photography magazines. WSJ explains what’s driving these
start-ups.
MediaPost Mag Bag
'Esquire'
Unveils Article Pins On Pinterest
Hearst Magazine’s Esquire recently launched new, enhanced article pins to make it easier to discover and save the magazine’s online content, extending its longevity and providing more visual components along the way. The new pins pull in more information about the content, allowing users to preview text before clicking. The links never actually “fall off” the page, keeping content accessible for longer.
Condé Nast Traveler Cuts Editorial Staff
Condé Nast Traveler is laying off half of its editorial staff, or 14 employees, including five editors and the entire photo desk and graphics department, according to Bloomberg, which first reported the news.
Price To EIC, EatingWell
Meredith Corp. has promoted Jessie Price to the position of editor in chief for EatingWell magazine, where she will be responsible for all the brand’s media platforms, including books and digital extensions.
PopularScience.com Nixes Comments
The editors of PopularScience.com, citing the negative effect of trolls, spambots and ad hominem attacks, have decided to stop allowing readers to comment on articles online. And more...
Hearst Magazine’s Esquire recently launched new, enhanced article pins to make it easier to discover and save the magazine’s online content, extending its longevity and providing more visual components along the way. The new pins pull in more information about the content, allowing users to preview text before clicking. The links never actually “fall off” the page, keeping content accessible for longer.
Condé Nast Traveler Cuts Editorial Staff
Condé Nast Traveler is laying off half of its editorial staff, or 14 employees, including five editors and the entire photo desk and graphics department, according to Bloomberg, which first reported the news.
Price To EIC, EatingWell
Meredith Corp. has promoted Jessie Price to the position of editor in chief for EatingWell magazine, where she will be responsible for all the brand’s media platforms, including books and digital extensions.
PopularScience.com Nixes Comments
The editors of PopularScience.com, citing the negative effect of trolls, spambots and ad hominem attacks, have decided to stop allowing readers to comment on articles online. And more...
Flint Warns Ink Prices to Rise
"Different cost drivers are having different effects in different market segments. The key issues revolve around publication inks, given the situation of rising prices for gum rosin and crude oil based products."
He said despite hopes prices would fall this year, the price of crude went up. In the first half of this year as many raw materials went up in price as came down. Crude today trades at around $110 per barrel, significantly above any level that people had forecast at the end of 2012.
Thursday, September 26, 2013
EUROGRAPH Reports August P&W Ships
EUROGRAPH has announced European shipments of coated mechanical paper in August fell -11%, demand declined -11.1% and exports were down -10.7%.
Coated woodfree shipments for the month decreased -8.9%, demand fell -7.4% and exports were down -16.5%.
Supercalendered paper shipments declined -6.8%, demand decreased -5.3% and exports fell -12%.
Uncoated woodfree shipments were down -8%, demand fell -5.7% and exports declined -14.3% for the month.
Coated woodfree shipments for the month decreased -8.9%, demand fell -7.4% and exports were down -16.5%.
Supercalendered paper shipments declined -6.8%, demand decreased -5.3% and exports fell -12%.
Uncoated woodfree shipments were down -8%, demand fell -5.7% and exports declined -14.3% for the month.
Evergreen Follows Suit
Evergreen Packaging has announced an increase of $3.00 cwt, effective with orders shipping on or after October 23, on the following grades: Skyland Offset and Skyland Reply Card.
Port Hawkesbury Reaches Timber Harvesting Agreement
The
five Mi'kmaq bands in Cape Breton have signed their first forestry agreement
with Port Hawkesbury Paper.
The
agreement with the new owner of the Point Tupper paper mill gives Crown land
harvest quotas to harvesters from the First Nation communities.
Lisa
Young, executive director with the Unima'ki Institute for Natural Resources in
Eskasoni, said she couldn't put an exact number on how much the quotas could
mean for the individual harvesters.
Postal Rate Hikes Disappoint Mailing Industry
Magazines,
newspapers and marketing businesses that depend on the U.S. mail suffered a
setback in the fight to ward off an exigent rate hike on top of the annual rate
that's tied to the consumer price index.
Citing
its "precarious financial condition," the Postal Board of Governors
proposed a rate increase of 5.9 percent on top of the annual CPI increase of
1.6 percent. If approved by the Postal Regulatory Commission, the rates would
go into effect Jan. 26, 2014.
Folio: People on the Move
James Taylor promoted to senior editor of Private Equity and will manage online and print for Private Equity International and PE Manager. His appointment replaces Amanda Janis who was promoted to director-specialist investment networks and will help launch a new business line for the company. And more...
Hearst's New Magazine Add Ins
The two-and-a-half milliliter tubes will come poly-bagged to 100,000 copies of the November issues of Elle, Cosmopolitan, Marie Claire and Seventeen, for a total of 400,000 subscribers, according to Hearst Magazines. Affixing sample-size bottles of perfume to magazines is believed to be a first. "The technology just didn't exist," said Michael Clinton, president-marketing and publishing director of Hearst Magazines.
For magazine publishers, it could serve as yet another way to attract dollars from beauty advertisers, which has been among a handful of persistent bright spots for the industry.
More Cuts at Condé Nast Traveler
NY Post: A second round of cuts hit
Condé Nast Traveler on Wednesday as new editor-in-chief Pilar Guzman continues
to reshape her staff. Guzman is said to have let go executive editor Kevin
Doyle and senior editors Alison Humes and Dinda Elliott. Separately, WWD
reports that Brides magazine seems to be benefiting from editor Keija Minor
(its EIC for a year) having used executive coaching services offered
at Condé–as well as from guidance from Anna Wintour, in her role as
corporate artistic director.
WWD (Brides)
One Publisher’s “Radical” Proposal
During PBAA Canada, veteran consumer
marketer-turned publishing entrepreneur Michael J. Fox presented a “radical”
proposal for changing the structure and dynamics of the magazine category’s
current economics and dynamics. Goal: Funneling resources and costs away from
returns copies and into more flexible, effective marketing practices.
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