Canfor Follows Domtar, Cuts NBSK Price $30/Metric Tonne for December 1

NewPage Port Hawkesbury and Bowater Mersey Paper Get Break in Electric Rates

The Nova Scotia Utility and Review Board ruled that NewPage Port Hawkesbury, which is in bankruptcy protection and seeking a buyer, and Bowater Mersey Paper, which has been struggling, will receive a discounted rate for electricity for a period a three years.  The companies had requested a five-year respite. 

UPM Will Close Albbruck Mill in January

UPM reported in September that, absent finding a way forward, it would close its Albbruck, Germany 320,000 metric tonne per year coated mechanical mill.  A potential Russian investor materialized in October, but in the end, no alternatives were found to keep the mill running.  The mill, which employs 557 people, will close in January 2012.

USPS begins new year with $139 million loss

USPS begins new year with $139 million loss: Washington, D.C.—The U.S. Postal Service posted a $139 million loss for October, the first month of its 2012 fiscal year. That compares with a net profit of $283 million in the same period last year.

Digitas CEO Laura Lang Tapped as Time Inc. CEO

Time Warner announced the appointment of Laura Lang to the position of Chief Executive Officer of Time Inc., the largest publishing company in the U.S.   Since the departure of Jack Griffen last February, an interim management committee has been running the firm.  Ms Lang was most recently CEO of Digitas, the largest global digital marketing agency; she will begin in January. 

S&P Revises R.R. Donnelley Outlook to Negative from Stable

S&P Revises R.R. Donnelley Outlook to Negative from Stable: Standard & Poor’s Ratings Services revised its outlook on Chicago-based printer R.R. Donnelley & Sons Co. (RRD) to negative from stable. The outlook revision reflects our expectation of weak economic conditions, negative trends in...

Advertising on USPS vehicles “could raise $360m a year”

Advertising on USPS vehicles “could raise $360m a year”: The US Postal Service could be making more than $360m a year in extra revenue by using its vehicles as a platform for advertising.

Open Sky Media Acquires Marin Magazine

Open Sky Media Acquires Marin Magazine:

Study: Mag Industry Hops On Action Code Trend, Engages Consumers

Study: Mag Industry Hops On Action Code Trend, Engages Consumers:

For Some, Digital Revenues a Sorely Needed Boon:

With print advertising on the run, digital continues to rise.

NewPage Port Hawkesbury gets timeline extension to sell mill:
This morning the Nova Scotia Supreme Court has approved an extension to NewPage Port Hawkesbury‘s creditor protection period.

Quebecor lays off 400: reports:

The train service that moves 268,000 Calgarians daily served up little but chaos during both commuter rushes Monday, as the weekend windstorm's aftermath triggered one of the worst LRT shutdowns in recent... Alberta's Progressive Conservative government is in danger of forgetting an important, costly lesson from provincial history and the PC ... (more)

Germany Goes Out of Print as manroland Files for Insolvency: Germany, which invented the printing industry more than 500 years ago and dominates the market to this day, has lost its talent for making money from the presses. In the weeks before manroland’s insolvency filing, the company negotiated with...

Bauer Cuts Rate Base on In Touch and Life & Style:

Quebecor's Sun Media cutting 400 jobs: union:

It was on Twitter where talk first emerged that the Montreal-based multimedia giant would be cutting at Sun Media, which has dozens of papers, free commuter publications and numerous weeklies in Ontario, Quebec and other provinces.

Transcontinental launches a new brand image: To better reflect its evolution into a leading player in the new marketing communications landscape, Transcontinental today launched a new brand, logo and positioning: TC. Transcontinental, the Canadian leader in marketing activation.

HP Q4 earnings down 88 percent: HP today announced financial results for its fourth quarter and full fiscal year ended Oct. 31, 2011."HP has a great opportunity to build on our strong hardware, software, and services franchises with leading market positions, customer relationships, and intellectual property," said Meg Whitman, HP president and chief executive officer.

USPS Shipping Rates Rise An Average Of 4.6%: The U.S. Postal Service announced its rate increases for all shipping services and the average rate increase will be 4.6%, effective Jan. 22, 2012

Fibrek acknowledge’s Resolute Forest Product’s unsolicited take-over bid:
Overnight, Fibrek Inc. put out a press release acknowledging Resolute Forest Product‘s (formerly known as AbitibiBowater) unsolicited offer to acquire Fibrek.

Manroland administrator reports investor interest: A number of unidentified investors have already expressed an interest in Manroland, according to the court-appointed administrator Werner Schneider.