Norske Skog - new head quarter location: The Mayor of Oslo Fabian Stang made the official opening of Norske Skog's new head quarter at Skøyen in Oslo. Norske Skog has had its headquarters at Oxenøen in the municipality of Bærum since 1998.
Norske Skog has undergone a major reorganisation and downsizing in recent years, reducing the need for the large premises at Oxenøen. The CEO Sven Ombudstvedt said at the opening ceremony: "Norske Skog is a very different company today than it was just a few years ago. Our intention is to have timely, efficient and pleasant premises, adapted to the number of employees and our current business".
(Norske Skogindustrier ASA)
Friday, June 28, 2013
Sonoco Raises Prices on Cores and Tubes
Sonoco
(SON) today announced that it will raise the price for all paperboard tubes and
cores by 5 percent, effective with shipments in the United States and Canada
beginning July 15, 2013.
"This
price increase is necessary to recover recently announced paperboard price
increases," said James Harrell , vice president, Tubes and Cores- North
America .Sonoco is the largest producer of paper-based tubes and cores in North America , used to serve the paper, textiles, plastic films, and tape and specialty industries.
Liens Sought on Cate Street Capital Millinocket Mill
The
town could seek tax liens on properties owned by Cate Street Capital LLC and
Specialty Minerals Inc. as early as Friday in response to what Town Manager
Peggy Daigle called the town's cash flow crisis, officials said Wednesday.
Daigle
will seek Town Council permission on Thursday to put liens on Cate Street's
Katahdin Avenue paper mill site and on properties there owned by Specialty
Minerals, she said.The value of all site property is $62 million - 24 percent of the town's total taxable value, Daigle said.
FSC Develops Program for Small Landowners
The
Forest Stewardship Council (FSC) has launched a fund to support the FSC
certification for small forest landowners, as well as contribute with the
improvement of the supply chain management, the investment on new machinery and
the increase in access to certified products.
To
be eligible to participate, the landowners must fill out a form with
information on their businesses and the plan to utilize the subsidies, as well
as a signed commitment to the fund's terms and conditions, by no later than
Jun. 30. A second stage of the process would require a full dossier, to be
submitted for the FSC's approval. Finally, the selected candidates would be
contacted by the regional offices of the FSC to perform the transfer of
subsidies. Funded by a percentage of the FSC's administrative rate, the program
intends on distributing up to Euro 420,000 to the selected applicants by
October 2013.
Oriental Trading Buys Toy Maker Mindware
Oriental
Trading Co., which is part of Warren Buffett's Berkshire Hathaway conglomerate,
has purchased toy maker MindWare Holdings Inc. to help expand its product
offerings.
Financial
terms were not disclosed.Oriental Trading offers party supplies, arts, crafts, toys and other trinkets through its website and catalog.
MindWare, based in Minneapolis, sells its toys at retailers, through catalogs and its website and through distributors in more than 35 countries. Its products include Qwirkle, an educational game that requires tactical maneuvers and a well thought out strategy.
Some MindWare products will be shown in Oriental Trading's catalogs and on its website during the holidays.
Buffet's Berkshire Hathaway Inc. had announced plans to buy Omaha, Neb.-based Oriental Trading in November. Financial terms were not disclosed.
MediaPost Mag Bag
Layoffs
At Boy's Life, Scouting
Layoffs are coming to two iconic magazines associated with The Boy Scouts of America, Boy’s Life and Scouting. Altogether, around 34 layoffs are expected, with 17 positions already cut and another 17 due by the end of the year. Most of the positions cut came in the marketing department, according to a statement from the BSA.
Folio: also reports that BSA has entered into a partnership with educational publisher Pearson to consider various options for restructuring the publications, although there are currently no plans afoot to reduce the frequency of Boy’s Life or Scouting -- which publish 12 and five times per year, respectively.
B&N Hands Off Nook Manufacturing
Tablet computers may be the wave of the future, but not for Barnes & Noble, which is handing off responsibility for manufacturing its Nook devices to an as-yet-undesignated partner, according to the company’s most recent earnings announcement.
Mastrangelo Leaves Rolling Stone
Matt Mastrangelo stepped down from his position as publisher of Rolling Stone on June 21, according to the New York Post, which reported the news earlier this week. Neither Mastrangelo or owner Wenner Media provided a reason for Mastrangelo’s departure after three years at the publication.
Layoffs are coming to two iconic magazines associated with The Boy Scouts of America, Boy’s Life and Scouting. Altogether, around 34 layoffs are expected, with 17 positions already cut and another 17 due by the end of the year. Most of the positions cut came in the marketing department, according to a statement from the BSA.
Folio: also reports that BSA has entered into a partnership with educational publisher Pearson to consider various options for restructuring the publications, although there are currently no plans afoot to reduce the frequency of Boy’s Life or Scouting -- which publish 12 and five times per year, respectively.
B&N Hands Off Nook Manufacturing
Tablet computers may be the wave of the future, but not for Barnes & Noble, which is handing off responsibility for manufacturing its Nook devices to an as-yet-undesignated partner, according to the company’s most recent earnings announcement.
Mastrangelo Leaves Rolling Stone
Matt Mastrangelo stepped down from his position as publisher of Rolling Stone on June 21, according to the New York Post, which reported the news earlier this week. Neither Mastrangelo or owner Wenner Media provided a reason for Mastrangelo’s departure after three years at the publication.
News Corp. Splits
http://adage.com/article/media/news-corp-spinoff-forces-publishing-arm-prove-growth/242901/ Rupert Murdoch bowed to investor pressure to split his six-decade-old
publishing business from the rest of News Corp.'s media empire. Now
it's time for the newspaper unit to prove it can make it on its own.
Publishing CEO Robert Thomson has
promised cost-cutting and buzzy innovation.
The publishing unit -- owner of the Wall Street Journal, the New York Post
and London's Sunday Times -- officially becomes independent today, losing the
backing of News Corp.'s entertainment business as it pursues growth in a
declining industry. The newspaper company, which will keep the
News Corp. name,
is valued at about $8.9 billion -- a seventh the level of entertainment
business, which will be called 21st Century Fox. Robert Thomson, who will be CEO of the publishing group, promised investors last month that the company would be "relentless in our cost cutting and in our pursuit of profits."
Insert Cards Still Valuable Alternative
Why It's Worth It to Revive Your Wrap and Tip Promos:
Not everyone subscribes or renews online. There is a great temptation to use all things new in promotions and ignore the old—the wise circulation manager and audience developer will not fall into this trap. Not every promotion makes a profit, sometimes things have to be done for what they achieve rather than what they cost. Insert cards for instance almost never pay for themselves, but they get orders from every issue and are a good source of low-cost subscriptions compared to other types of promotion. If you don’t believe me, ask the folks at TV Guide.
Not everyone subscribes or renews online. There is a great temptation to use all things new in promotions and ignore the old—the wise circulation manager and audience developer will not fall into this trap. Not every promotion makes a profit, sometimes things have to be done for what they achieve rather than what they cost. Insert cards for instance almost never pay for themselves, but they get orders from every issue and are a good source of low-cost subscriptions compared to other types of promotion. If you don’t believe me, ask the folks at TV Guide.
BPA Redesigns Brand Report
BPA Redesigns, Shifts Exclusively to Brand Report Format: BPA Worldwide is planning to transition all of its business and consumer members to its Brand Report format, which allows audience developers to report audience metrics for all of a brand's media channels. The auditing firm will phase out its traditional circulation statement with the December 2013 reporting period.
M&A Activity Slows in 1H
Media M&A Activity Slows in 1H: Media business purchasing picked up after a slow first quarter, but year-over-year activity was down slightly in the first half of 2013, according to a report from the Jordan, Edmiston Group (JEGI).
NJ's Largest Paper Demands Union Concessions
NJ's Largest Paper Threatens Unions with Closure: The owners of The Star-Ledger plan to close New Jersey's largest newspaper by year's end if its production unions don't make concessions in contract negotiations, the publisher said Wednesday.
Thursday, June 27, 2013
Wausau/Expera Close Specialty Paper Sale
Wausau Paper Announces Closing of Specialty Paper Business Sale: Wausau Paper (NYSE:WPP) (“Wausau”) yesterday confirmed the closing of its previously announced definitive agreement entered into on May 18 to sell its specialty paper business to Expera Specialty Solutions, LLC, a newly formed company sponsored by KPS Capital Partners L.P., a New York-based private equity firm.
The transaction includes Wausau Paper’s manufacturing facilities in Mosinee and Rhinelander, Wisconsin, and resulted in net cash proceeds to Wausau, subject to certain post-closing adjustments, of approximately $105 million after settlement of transaction-related liabilities, transaction costs and taxes.
The transaction includes Wausau Paper’s manufacturing facilities in Mosinee and Rhinelander, Wisconsin, and resulted in net cash proceeds to Wausau, subject to certain post-closing adjustments, of approximately $105 million after settlement of transaction-related liabilities, transaction costs and taxes.
Catalyst Names Interim CEO
Catalyst
Paper (TSX:CTL) today announced the appointment of Denis Jean, a current
director of the Board as the company’s interim president and chief executive
officer, effective immediately.
A
veteran of the industry, Mr. Jean was president and chief executive officer of
Cascades Fine Papers Group Inc. from 2002 to 2005. Prior to that, he held
executive roles with Abitibi Consolidated Inc. and Donohue Inc. Mr. Jean holds
a BSc.A (electrical engineering) from Universite de Montreal.
Canadian Pakaging Mills Reach 76.4% Recycled
The
average recycled content of paper packaging produced by Canadian mills for use
in Canada is close to 80%, according to the industry's environmental council,
PPEC. The council surveys the industry every two years and has been tracking
recycled content since 1990. For 2012, the average was 76.4%, basically the
same as in 2010.
Blue Heron Site Bought by Developer
A
California development company has signed a purchase agreement for the historic
Blue Heron mill site at the base of Willamette Falls, an industrial property
deeply rooted in Oregon history. Eclipse Development Group of Irvine, Calif.,
known for mid-level retail projects, is the first buyer to make an offer since
the bankrupt paper mill closed for good in early 2011, putting 175 employees
out of work.
Terms
of the deal were not disclosed, but details will be outlined in paperwork filed
today with the U.S. Bankruptcy Court in Portland, said bankruptcy trustee Peter
McKittrick.
How Forbes Magazine Stays Ahead of the Curve
Innovation is taking over the publishing industry, and big names such as Forbes are at the helm of the
change. Over at BtoB Media Business, President and CEO Mike Perlis
discusses how Forbes has stayed current in the publishing world for nearly 100
years. By approaching each day as a “startup” company, the leading
authority in business media is able to apply innovation to everyday
publishing. The symbiotic relationship that exists between print and
digital publishing can make or break a publication – and Forbes thrives on that synergy.
Listen
to Perlis discuss his strategy.
Great American Media Buys B-to-B Sports Mags
Great American Media Services Buys Two B-to-B Sports Mags: Sparta, Michigan-based Great American Media Services has purchased two b-to-b media brands from Lessiter Publications, based in Brookfield, Wisconsin. The deal includes the magazines Coach and Athletic Director and Winning Hoops, as well as associated websites and newsletters.
The Catch-22 of Magazines and Mobile
The Catch-22 of Magazines and Mobile: Q&A with Rachel Pasqua: ...But what does Google's market dominance by a single player mean to the rest of the publishing market? min asked Rachel Pasqua, former mobile lead at iCrossing and co-author (with eMarketer's own principal analyst Noah Elkin) of Mobile Marketing: An Hour a Day, whether Google’s gobbling of the market is good or bad news for magazine publishers.
Hyatt Guests Can Print Their Own Postcards
Through
Aug. 15, the hotelier is encouraging guests to personalize up to two
complimentary postcards via a Facebook app that's available on Postagram and Hyatt's pages on the social site.
In five steps, Hyatt lodgers can add a photo and a 180-character message to the postcard before entering the name and address of a friend, putting USPS delivery into motion. It's an unusual blend of digital and old school direct marketing, ultimately serving as a branding vehicle when seen by the snail-mail recipient. Hyatt is promoting the test via social media channels and printed materials in the rooms of the Chicago-based chain.
In five steps, Hyatt lodgers can add a photo and a 180-character message to the postcard before entering the name and address of a friend, putting USPS delivery into motion. It's an unusual blend of digital and old school direct marketing, ultimately serving as a branding vehicle when seen by the snail-mail recipient. Hyatt is promoting the test via social media channels and printed materials in the rooms of the Chicago-based chain.
F+W Media Introduces CraftDaily.com
Interweave, an imprint of F+W Media, Inc., the nation’s number
one craft media company, enriches crafters worldwide with the launch of a new
website, CraftDaily.com.
Full-monthly access to CraftDaily.com
is less than the cost of a single course elsewhere. Access to the site is
available through a tiered-subscription program, starting as low as $11.99 a
month. The only requirement to membership is an Internet connection.
Subscription options range from full site access to more specialized access to
specific content.
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