Sonoco today announced it will raise the price for all paperboard tubes and cores by 6 percent to 10 percent, effective with shipments in the United States and Canada, beginning October 24, 2016. “This price increase, our first in more than a year, is necessary due to the recent increase in costs for uncoated recycled paperboard, our primary raw material, combined with price escalations in energy, labor and other input costs,” said James Harrell, vice president for Sonoco’s North America Tubes and Cores Division.
Rolling Stone has struck a chord with a new investor. BandLab Technologies Ltd., a closely held Singapore-based social music company, has purchased a 49% stake in the storied music brand, including the magazine and its digital assets. Terms weren’t disclosed. However, the investment doesn’t include ownership in closely held Wenner Media LLC, Rolling Stone’s corporate parent. The move comes as many publishers are seeking to broaden their portfolios to become less dependent on print advertising revenue. Time Inc., the country’s largest magazine publisher, has made a string of deals aimed at growing its digital advertising business. click Read More for additional detail
At Advertising Week, Adobe (Nasdaq:ADBE) today released findings from its inaugural Advertising Demand Report, which examined website traffic, digital advertising strategies, ad blocking adoption and consumer perceptions. Key findings of the Adobe Digital Insights report show that organic web traffic in North America is saturating with only 0.1 percent growth over the past 42 months. While six out of ten sites saw traffic grow on average by 1.1 percent each month, nearly four out of ten sites saw traffic decline at a higher rate by 1.3 percent. Between Q2 2013 and Q2 2016, growing websites drew 36 percent more traffic from personalized ads via email, paid search, social and other channels compared to shrinking sites. The data also shows that seven out of ten smartphone visits now come from ad channels. The analysis of web traffic and ad trends is based on anonymous and aggregated data from Adobe Marketing Cloud, which collected 800 billion visits to 800 North American websites across vertical industries between January 2013 and June 2016. Complementary survey results are based on responses from more than 1,000 U.S. consumers, covering perceptions around digital advertising and ad blocking. Ad blocking statistics are based on data from PageFair. The findings will be part of Adobe’s Think Tank discussion at Advertising Week. click Read More for the rest of the release
Iran is not willing to freeze its oil output at current levels and doesn’t intend to forge an agreement with other major crude producers at talks in Algiers this week, the nation’s oil minister said. Iran wants to raise its crude production to 4 million barrels a day, Bijan Namdar Zanganeh told Bloomberg Television in an interview Tuesday. OPEC’s third-largest producer -- with daily output of 3.6 million barrels last month -- will talk to other members at the International Energy Forum in the Algerian capital and it’s possible the group could reach a formal supply deal at its November meeting in Vienna, he said.
You knew it had to happen: a miniature printer for a snap-happy generation that likes to both collect and curate the moments of their lives. Today, HP announced Sprocket , a portable, palm-sized printer that’s small and light enough to fit in a purse or back pocket yet capable of producing 2x3” stick-able snapshots from a mobile phone or tablet via Bluetooth in less than a minute. The vivid prints are produced using ZINK® Zero Ink® Technology, which means they are smudge-proof, water resistant and can be shared immediately. A free HP Sprocket App for iOS and Android lets users quickly customize and print smartphone and social media photos by adding frames, text, stickers, filters, and more. click Read More for additional details
Millar Western’s 2017-27 Detailed Forest Management Plan (DFMP) for its Forest Management Agreement (FMA) area is nearing its final phase. In development for more than two years, the plan will guide forest management operations in the FMA area for the next 10 years. To ensure that the DFMP reflects local interests and priorities, Millar Western has sought public input at various junctures during its development. Starting October 4, it will begin its next and final consultation, beginning with a presentation of the draft Preferred Forest Management Scenario (PFMS) to Millar Western’s Public Advisory Committee. The next day, Millar Western will hold an open house at the Allan and Jean Millar Centre in Whitecourt, Alberta, from 11:00 am to 3:00 pm, to present the draft PFMS to all interested parties. “The PFMS is the result of an intensive back-and-forth process, whereby we use computer models to achieve the best balance among environmental, social and economic objectives on the land base,” said Chief Forester Bob Mason. “Whereas earlier consultations were focused on determining forest values — the features stakeholders deem important and wish to preserve on the landscape — the PFMS has accounted for those values and proposes harvesting volumes, locations and timeframes for the plan period.”
Ball Corporation announced an agreement to sell its specialty tin manufacturing facility in Baltimore, Maryland, to U.S.-based Independent Can Company for approximately $25 million. The transaction is expected to close during the fourth quarter of 2016 and the proceeds are subject to customary closing adjustments. The Baltimore plant employs approximately 50 people and manufactures a diverse range of specialty and custom tinplate cans for a range of applications from cosmetics to promotional items. Ball acquired the plant in 2006 as part of the company's acquisition of U.S. Can Corporation.
Donnelley Financial Solutions, Inc. announced the pricing of its 8.250% Senior Notes due 2024, which we refer to as the senior notes, in the aggregate principal amount of $300 million. Donnelley Financial also priced its $350 million senior secured term loan B facility under its new credit agreement, under which Donnelley Financial will borrow at 4.00% over LIBOR, subject to a LIBOR floor of 1.00%. The senior notes initially will be guaranteed, jointly and severally, on an unsecured basis, by each of the Company's existing and future direct and indirect wholly-owned U.S. subsidiaries that guarantee the Company's obligations under its senior secured credit facilities. The senior notes are being issued and the new credit agreement is being entered into in connection with the distribution of 80.75% of the common stock of Donnelley Financial to holders of the common stock of R.R. Donnelley & Sons Company ("RRD"), which prior to the Distribution is the direct parent of Donnelley Financial and which historically owned and operated the business to be owned and operated by Donnelley Financial.
LSC Communications, Inc. announced the pricing of its 8.750% Senior Secured Notes due 2023, which we refer to as the senior secured notes, in the aggregate principal amount of $450 million. LSC Communications also priced its $375 million senior secured term loan B facility under its new credit agreement, under which LSC Communications will borrow at 6.00% over LIBOR, subject to a LIBOR floor of 1.00%. The senior secured notes initially will be guaranteed, jointly and severally, on a senior secured basis, by each of the Company's existing and future direct and indirect wholly-owned U.S. subsidiaries that guarantee the Company's obligations under its senior secured credit facilities. The senior secured notes are being issued and the new credit agreement is being entered into in connection with the distribution of 80.75% of the common stock of LSC Communications to holders of the common stock of R.R. Donnelley & Sons Company ("RRD"), which prior to the Distribution is the direct parent of LSC Communications and which historically owned and operated the business to be owned and operated by LSC Communications.
Leading commercial print service providers (PSPs), including Linemark Printing, Dual Graphics, L+L Printers and Superior Packaging and Finishing, among others, have recently chosen the HP Indigo 10000 Digital Press to gain high print quality, substrate versatility and production flexibility. With over 300 installations in 40 countries and nearly 30 multi-press customers worldwide, the press provides users vast opportunities for business growth, increased efficiency and a wide range of digital print applications. Maryland-based Linemark Printing added the HP Indigo 10000 Digital Press to enhance its robust photobook and yearbook printing business and expand its capabilities to include larger-format variable data printing. The HP Indigo 10000 Digital Press joins Linemark Printing’s two existing HP Indigo 7800 Digital Presses, and the company is leveraging PrintOS to manage print production across all of its digital and offset presses. The HP Indigo 10000 enables Linemark Printing to increase print quality, gain significant performance and efficiency improvements and maintain its technology leadership. click Read More below for additional information