Monday, March 18, 2013

Harbor Paper Announces Partnership with A.T. Clayton

Harbor Paper announced to employees on Thursday that they are entering a new partnership between the company and AT Clayton, a Marubeni company. AT Clayton will supply pulp to Harbor Paper from the Marubeni Peace River mill in Alberta, Canada. The pulp will be supplied under a long term contract. 
We are pleased to announce today a partnership between Harbor Paper and AT Clayton, a Marubeni company.
AT Clayton will supply pulp to Harbor Paper from the Marubeni Peace River mill in Alberta, Canada. The pulp will be supplied under a long term contract. AT Clayton will also be responsible for the sales and marketing of 100% of the production output from the mill and Harbor Paper will continue to manufacture environmentally friendly products made from 100% renewable energy.
The mill will restart the week of April 15th. We want to thank our employees for their support thru this difficult time. We are re-emerging as a stronger company with a long-term strategic ability to compete in this global environment.

Lecta Plans to Close Condat Coated Woodfree PM

Today the Condat Management has called a meeting with employee representatives for next March 22nd to discuss the restructuring plan for the company. This plan includes the closure of Line 6 with a production capacity of 130,000 tons. The decision is the result of Condat's poor economic results.

US Suppliers Raise Boxboard, Paperboard Pricing

Price increases have been set in the US on four major grades of folding boxboard and paperboard for early 2013.
The price hikes apply to both bleached and unbleached kraft paperboard and both coated and uncoated recycled board with effective dates from February through April. Price hikes on unbleached and recycled board have full support of suppliers, and an increase on bleached grades that started rolling out in the past two weeks gained more support.
Industry contacts said RockTenn and Clearwater Paper will raise solid bleached sulphate (SBS) folding carton prices $50/ton effective April 1.
The overall industry increases also apply to recycled tube and core grades, displays, and platestock, and do not include cupstock and bristols.
With varied effective dates, the increases include $50/ton moves on both unbleached kraft (CUK) and SBS, a $40/ton increase on coated recycled board (CRB) and a $25 hike on uncoated recycled board (URB).

Online Retailers Find Success with Print Ads

Online Retailers Find Success with Print Ads: A Wharton School study looks at online retailing marketing tactics. Key findings: The physical density of an area plays a key role as to what works best in attracting shoppers; Print has an important role to play.
As reported by Print Power, the researchers found, “the most successful way of attracting consumers to the website depended on the physical density of consumers; a higher density implied more powerful word of mouth as the proximity of consumers amplified the possibility of interaction. Print advertising tends to work best in less dense environments where customers have less opportunities for contacts.” 
Interestingly, online search and online word of mouth (social media, blogs) was not among the top three methods of acquiring new customers in the either of the two regions.
The researchers concluded, “Though it is clear that technology-enabled acquisition methods are important, the authors contend that traditional methods of customer acquisition remain vital even in the Internet retail economy.”

Hearst Hosts Sustainability Event for Media Exec.s

Burns & Hammond, an integrative sustainability consultancy, has announced its next Sustainability Base Camp for Business Leaders designed specifically for print, digital and broadcast media executives. The exclusive, interactive training is being hosted by the Hearst Corporation and will be held at the LEED Platinum Hearst Tower in New York City on April 23, 2013 from 8:15am - 3:30pm. Sponsors include Catalyst Paper; hibu; iCompli, a division of BPA Worldwide; and Park&Co.

Alpha Media Explores Title Sale

The magazine business is in a state of flux, with a rapid series of changes reflecting the continuing challenges facing publishers in a difficult print advertising environment. In the latest development, Alpha Media announced that it is exploring a possible sale of Maxim, the lifestyle magazine and multiplatform media brand targeting young men.

Fairchild Fashion Media Names CMO

Melissa Brecher has been named CMO at Fairchild Fashion Media. Brecher is a 12-year veteran of FFM parent Condé Nast, serving for the past three years as VP-marketing and communications for FFM. 
Brecher will oversee marketing and communications for FFM and its brands, including Fairchild Summits, Footwear News, M, Style.com and WWD.

NYT Reorganizes into 3 Groups

New York Times Co. (NYT), reshuffling its staff after the arrival of Chief Executive Officer Mark Thompson last year, will create three new groups in an effort to streamline the company and promote its online operations. 
The company will now have groups devoted to digital, print and advertising, according to a memo to staff. The changes also will eliminate the barrier between the New York Times Media Group and the company’s corporate operations. Roland A. Caputo, who was chief financial officer of the Media Group, will now focus on the print operations. Jim Follo, the corporate-level CFO, will remain in that role.

Quebecor Names President & CEO

Robert Dépatie Appointed New Quebecor President & CEO as Peladeau Steps Down: Quebecor today announced changes to corporate management to take effect at the time of its annual shareholders meeting, to be held in Montréal on May 8 2013.
In view of Serge Gouin’s desire to retire after serving as Chairman of the Board of Quebecor Media Inc. (QMI) since the company’s creation in 1999, Pierre Karl Péladeau will be appointed Chairman of the Board of QMI and of TVA Group.

Quebecor Reports 2012, Q4 Results

Quebecor Profits Plunge, Q4 and Full Year Results Reported:Quebecor Inc. (“Quebecor” or the “Corporation”) today reported its fourth quarter and full?year consolidated financial results for 2012. Quebecor consolidates the financial results of its Quebecor Media Inc. (“Quebecor Media”) subsidiary. The Corporation’s interest in Quebecor Media increased from 54.7% to 75.4% on October 11, 2012 as a result of the repurchase of part of the interest held by CDP Capital d’Amérique Investissement inc. (“CDP Capital”), a subsidiary of Caisse de dépôt et placement du Québec.
2012 financial year
Revenues up $145.2 million (3.5%) to $4.35 billion in 2012, mainly because of the 8.4% revenue growth in the Telecommunications segment.
Operating income up $61.9 million (4.6%) from 2011 to $1.40 billion.

What’s in the Stars for Print?

What’s in the Stars for Print?:
When Frank Romano speaks, I always listen. Recently he was the star of a webinar sponsored by At Techkon, Frank Romano shared his print industry predictions.
“Printing does have a future,” Frank opined.
1. What can printers do to stay competitive?
2. Where do you see the industry in 2023?
3. What’s the outlook for offset vs. digital?
4. What’s your take on the paperless debate?
Frank: It’s not a debate. You’re not going to stop the forces of electronic communications. Wang said offices would be paperless in the early 1970s. Offices today are Wangless, not paperless. It’s foolhardy to fight the paperless sayers. We have to find a way to get paper into the mix. We should help printers understand where new markets are. But some markets are going away – Variety just announced its print edition is going to weekly, not daily.
The print industry should be fighting the postal service instead! We have some serious problems out there, starting with this one.
We need to help printers find new markets. The future is going to be in new markets on lots of substrates.
5. Where would you look to find new markets?
Frank: I’d buy a wide-format inkjet printer. Printing on paper has become a commodity. Another market that’s evolving is printing on fabric. If you can print on tons of substrates, you can still print on paper.
He also touched on packaging. “The packaging market can only be a growth market. It will always be an analog market."

Friday, March 15, 2013

More Japanese Mills Raise Prices

Japan's Daio Paper and Hokuetsu Kishu Paper have followed the lead of Mitsubishi Paper Mills and the Nippon Paper Group, tabling large domestic price hikes on their graphic paper ranges, effective on shipments from April 21.
In all cases the hikes have been announced at ¥15/kg, which is equivalent to about $156/tonne.
All the firms have ascribed the need for the increase to conditions since the March 2011 earthquake and tsunami, which had a considerable impact on domestic graphic paper production.
It heralded in a boom in imports and a big drop in graphic paper prices, which they are now moving to correct.
Prices for graphic paper grades in Japan have fallen by up to 9% since March 2011.

Target Acquires CHEF'S Catalog

Target Corp. (NYSE: TGT) today announced agreements to acquire CHEFS Catalog and assets of Cooking.com in two separate transactions. The e-commerce acquisitions are aimed at expanding Target’s presence in the growing cooking and kitchenware market.
Following the closings, the two businesses will be combined to create a new, wholly owned subsidiary of Target. Both brands will continue to operate under their current names. Target believes these transactions present a strategic growth opportunity; however, there will not be any meaningful financial impact to Target’s 2013 results.

Tunku Varadarajan Leaves Newsweek Global

Tunku Varadarajan is stepping down as the editor of Newsweek Global, three months into its experiment as an all-digital publication. 
Varadarajan had been the editor of Newsweek International, a post he inherited from Fareed Zakaria, who left after The Washington Post Co. sold the magazine to stereo magnate Sidney Harman. When the newsweekly prepared to discontinue its print edition this past fall, NewsBeast editor in chief Tina Brown tapped Varadarajan to edit the magazine's tablet successor.

Meredith, the Publishing Company That Beat the Internet

That the Meredith/Time deal was even proposed suggests how much publishing has changed. With the advent of the Internet, the primary sources of revenue—circulation and advertising—have eroded, while the costs of printing magazines—ink, paper, and distribution—continue to rise. In the 20th century, publishers of all shapes and sizes looked to Henry Luce’s Time Inc. for ideas on how to make profitable magazines. But in the months and years to come, they are much more likely to look to Meredith to figure out how to survive.
Meredith has profited from a few key strategies. They are experts at repurposing their content across multiple platforms (magazines, books, websites, mobile devices, tablets, etc.) and aggressively look beyond advertising and circulation for revenue. In print, they stay as far away from the news as possible. They are particularly successful at licensing their magazine titles’ names to major national businesses selling branded products; they also run their own marketing agency. Meredith hasn’t been immune to the forces battering the industry. But over the past decade, by strategically tweaking their portfolio, they’ve managed to maintain steady profits and reliable margins year after year in spite of the turbulence.

Time Spinoff: Hunter or Prey?

The spinoff of Time Inc. to create the world’s largest publicly traded magazine publisher may be just the beginning of deals for the owner of People and Sports Illustrated.
With analysts estimating an enterprise value of about $3.9 billion, Time Inc. would be bigger than any other publicly held company focused on magazine publishing after it separates from Time Warner Inc. (TWX), according to data compiled by Bloomberg. Following a failed attempt to divest some magazines to Meredith Corp. (MDP) (MDP), Time Inc. could buy Meredith, which is half its projected size, to consolidate costs, said Wunderlich Securities Inc. Or, Time Inc.’s titles and its more than $3 billion in annual revenue may lure private-equity interest, said Wedbush Inc. 
Time Inc. “could either be an acquisition target for a larger, traditional publishing company or it could itself be an acquirer,” Brett Harriss, a Rye, New York-based analyst at Gabelli & Co., which owns Time Warner shares, said in a telephone interview. “It’s clear that magazine publishing is likely in secular decline. That being said, it doesn’t mean it’s valueless.”

MediaPost Mag Bag: Garden Design Closed & More

Garden Design has been closed by Bonnier Corp., effective March 13, Min Online reported. Bonnier cited the uncertain economic climate, the shift to digital media, and a tough advertising environment as reasons for the closure...
Macy’s is launching a new fashion line for young women called Teen Vogue through a licensing deal with Condé Nast, which publishes the magazine. According to Women’s Wear Daily (which is also owned by Advance Publications), the fashion line was developed by Macy’s in collaboration with editors from the magazine... 
Eddie Ross has been named East Coast produce/editor for print and digital at Better Homes and Gardens, Meredith Corp. announced this week...
Condé Nast had a busy week, with a veritable raft of new products and staffing news. On Wednesday, Condé Nast revealed that Anna Wintour, has been given yet another role; artistic director for the entire company. Also this week, Condé Nast Entertainment, the company’s new video division, unveiled its first online video offerings, with new video players for GQ and Glamour. On the ad tech front, this week Condé Nast joined The New York Times Co.’s Ricochet, a digital platform that allows advertisers to pair their ads with specific pieces of editorial content for sharing via social media, email, and other channels. And more...

2013 e-Commerce Revenue Forecast at $262 Billion

Forrester predicts e-commerce revenue will reach $262 billion this year: E-commerce sales will reach $262 billion this year, up 13% over last year, making up 8% of total retail sales, according to a new report from Forrester Research.

January Commercial Print Ships Up

January 2013 commercial printing shipments were $6.3 billion, up +$148 million (+2.4%) compared to 2012. On an inflation-adjusted basis, shipments were up +$50 million (+0.8%). This followed a poor December, where shipments were down -3.4% in current dollars. The December decrease and January increase may have been affected by small and mid-size businesses delaying expenses until January as part of their management of new tax laws.

RRD Closes Debt Offering

RR Donnelley Closes $450 Million Debt Offering:
R.R. Donnelley & Sons Company announced that it has closed an offering of $450 million aggregate principal amount of 7.875 percent Notes due 2021.