Newsprint manufacturers Resolute announced Thursday that they are idling their Augusta facility "indefinitely" due to the "ongoing significant decline" in print consumption across the United States. As a result, 160 jobs are in peril at the facility. Resolute says they've already had to idle the facility for several weeks already in 2019 and had been idled since early October.

Verso Corporation announced that Michael A. Weinhold has been named President of the company, reporting to Chief Executive Officer Adam St. John, effective immediately. Mr. Weinhold has been with Verso since 2006 and has held multiple senior leadership roles in sales, marketing and product development. Most recently he served as Verso's President of Graphic and Specialty Papers. Prior to joining Verso, Mr. Weinhold held management positions at International Paper, a global producer of fiber-based packaging, pulp and paper. "We firmly believe that Mr. Weinhold's leadership and business track record, coupled with his strong relationship with Verso CEO Adam St. John, will deliver significant benefits for our company, our customers and our stockholders," said Co-Chairman of the Board Gene Davis.