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Recent Paperclips Industry News
23Jan 20
Both Leading Proxy Advisory Firms Glass Lewis and ISS Recommend that Verso Stockholders Vote FOR the Pixelle Transaction
Verso Corporation announced that leading independent proxy advisory firm Glass, Lewis & Co. joins Institutional Shareholder Services in recommending that Verso stockholders vote "FOR" the Company's pending sale of its Androscoggin and Stevens Point mills to Pixelle Specialty Solutions LLC at the Company's stockholder meeting scheduled to be held on January 31, 2020. Glass Lewis stated: "We find that the proposed sale of Verso's Specialty Mills to Pixelle is a generally reasonable transaction that appears to be in the best interests of Verso shareholders. . .Overall, given the scope of the process leading to the proposed Specialty Mills transaction, including public announcements of the Company's strategic review of alternatives in from late 2017 through mid-2019, as well as the number of potential counterparties involved, we believe the board has taken generally reasonable steps to evaluate potential alternatives prior to entering into the sale agreement with Pixelle." click read more below for additional information.
23Jan 20
Allrecipes, America’s Largest Digital Food Media Brand, Hits Traffic Milestone And Debuts New Look as Home Cooking Habits And Preferences Continue To Evolve
Meredith Corporation's Allrecipes marks its biggest digital and print audiences ever, with an all-time monthly high of 60.3 million unique visitors* to the site, and a record 9.7 million readers** of the magazine. The brand also debuts a new Allrecipes logo, as well as enhancements to the print magazine with a new regular column, expanded lifestyle content and more coverage of standout home cooks. In addition, the brand is increasing the amount and variety of original digital content across platforms, including new video series, a new podcast, more coverage of food news and trends, product reviews, and instructional pieces to enhance the experience of modern home cooks and foodies across the country as their habits and preferences evolve.
23Jan 20
Meredith To Partner With Ayesha Curry To Launch New Quarterly Brand
Meredith Corporation announced today that it will partner with New York Times best-selling author, restaurateur, chef, television host and producer Ayesha Curry on a new lifestyle magazine. Known for her growing food empire, Curry will infuse her unique perspective on food, family and home into every issue of this new extension of her lifestyle brand. The premier issue will debut on newsstands nationwide in May 2020 with a cover price of $9.99 and an initial newsstand print run of 400,000.