I have conducted an exercise with many of my clients lately, where we identify their editorial mission and then actually deliver that mission to consumers on the newsstand. Realistically, for the newsstand, it is not easy to promote the editorial mission. Unlike media kits for advertisers or subscription offers, it is up to the cover image, headlines, and category position on the rack to promote the editorial message and convince a browser pick up the magazine.
Oil prices slipped on Thursday after two days of increases as bloated U.S. inventories limited the impact of supply disruptions in Libya and lower output from other OPEC exporters. Brent crude oil LCOc1 was down 30 cents at $52.12 a barrel by 0945 GMT (5:45 a.m. ET). U.S. crude oil CLc1 was 10 cents lower at $49.41. Both benchmark crude contracts rose more than $1 a barrel on Wednesday to their highest levels for two weeks, rebounding from four-month lows. The futures contracts appeared to be searching for a new trading range, brokers said.
The first tissue parent roll was produced on February 28, 2017. The machine will continue its scheduled ramp-up through 2017 and is expected to be producing at maximum capacity toward mid-2018. With its fully operational converting facility, converted tissue products sold from Calhoun are now manufactured entirely from parent rolls produced on-site. The Calhoun tissue operation, built at Resolute's pulp and paper mill, has the capacity to manufacture 66,000 short tons (60,000 metric tons) annually of premium private-label tissue, including bath and towel, aimed at the at-home market. With its state-of-the-art machine, three converting lines and integration of pulp from the existing Calhoun pulp mill, this will be one of the most efficient and cost-competitive tissue operations in North America once full production is achieved, positioning Resolute as a key player in this growing market segment.
Robert Glowinski, President and CEO, AWC: “Despite claims of energy flexibility intended under the Clean Power Plan, EPA actually limited the types of renewable energy states can use, which included our industry’s production and use of carbon neutral biomass energy. The Clean Air Act did not give EPA the authority to impose such sweeping restrictions on existing electric utility generating utilities. The wood products industry plays an important and unique role in reducing greenhouse gases by converting manufacturing biomass residuals to energy needed to power our mills. AWC supports this Executive Order and will continue to seek clarity on EPA’s treatment of biomass to ensure it is recognized as a critical component of clean energy.” Donna Harman, President and CEO, AF&PA: “We welcome the Energy Independence Executive Order to provide states and ratepayers, including paper and wood products manufacturers, long-overdue relief from harmful regulatory overreach. The nation deserves affordable, reliable electricity, not rate hikes and competitive harm that can stem from onerous regulation such as the Clean Power Plan. On average, our industry meets about two-thirds of its energy demand through carbon neutral renewable biomass and is able to sell some energy to the grid. We plan to continue working with policy makers to provide an effective solution that recognizes the carbon benefits of biomass energy in paper and wood products manufacturing facilities.” click Read More below for additional detail
Libya’s output was said to fall to about 500,000 barrels a day after a pipeline carrying crude from the Sharara field -- its biggest -- stopped operating. Clashes between armed groups in the nation have previously led to market disruptions, and the latest news drove New York oil futures up as much as 1 percent after boosting them 1.3 percent on Tuesday. Prices are headed for two straight days of gains for the first time in more than a month. The production drop in Libya, which was pumping 700,000 barrels a day before the pipeline halt, is at least temporarily easing concern that rising U.S. supply is offsetting the effect of curbs by the Organization of Petroleum Exporting Countries and its allies. U.S. industry data on Tuesday was said to show crude inventories climbed last week, and a government report Wednesday is also forecast to show stockpiles expanded. Six OPEC nations have joined with non-member Oman to voice support for prolonging their output cuts past June. click Read More below for more of the story
The House of Representatives today voted 215-205 to repeal sweeping broadband privacy rules that were passed last year. Last week, the Senate passed a similar measure by a vote of 50-48. The bill now heads to President Donald Trump for signature. The measure overturns the rules under the Congressional Review Act -- a 1996 law that allows federal lawmakers to vacate recent agency decisions. When Congress uses that vehicle to scrap rules, the agency that issued them is prohibited from crafting replacement regulations. The House's Tuesday evening vote came several hours after the White House officially endorsed a repeal. The broadband privacy rules, passed by the FCC 3-2 last October, impose a host of new requirements on Internet service providers. Among the most controversial are provisions requiring carriers to obtain opt-in consent before drawing on data about subscribers' Web-browsing history and app usage for ad targeting. click Read More below for more of the story
The Hearst Magazines and Condé Nast joint venture—PubWorX—has acquired ProCirc, a Florida-based publishing services company with more than 50 publishing clients across more than 250 titles. The deal also adds more than 18 million readers to its service base. Terms were not disclosed. However, ProCirc’s clients include a list of notable magazine publishers, including Bonnier, Rodale, Outside Magazine and New York Media. This deal is significant because it further consolidates a shrinking marketplace of publishing services. Magazine media once had a vast network of service providers—from printers to fulfillment houses to circulation management companies, which ranged from small regional companies, to large national operations. But now, fewer players are left at the negotiation table, and those remaining may find it difficult to compete with large entities like PubWorX that can offer more robust, affordable solutions. click Read More below for additional detail
NEENAH Wide Format is a comprehensive portfolio consisting of 16 paper-based flexible and rigid board products, engineered for high-performance for almost every large format application, from window signs and banners, to wall murals and POP displays. “Wide format printing is a medium that continues to grow, and retailers and brand managers are looking to source viable alternatives to synthetics. During Global Shop we have the opportunity to present the world’s largest portfolio of sustainable, paper-based solutions to the retail world’s top influencers,” said Greg Maze, Sales & Marketing Manager – Digital & Wide Format, Neenah. Paper-based wide format products offer several advantages over synthetics. The first benefit is brand consistency. “The consistent reproduction of the brand can have a significant impact on brand recognition over time. Paper provides better print reproduction overall, and more accurate color matching than is achievable on synthetics,” said Maze. “Neenah can provide precision, custom color matching solutions that ensure brand consistency whether the work is printed locally or globally.” click Read More below for additional detail
Consolidated net sales for the fourth quarter of 2016 were $21,437,000 compared to consolidated net sales of $15,888,000 for the fourth quarter of 2015, an increase of almost 35%. For the fourth quarter of 2016, CTI had net income of $909,000, $0.25 per share (basic) and $0.24 (diluted), compared to net income of $502,000 for the fourth quarter of 2015, $0.15 per share (basic and diluted). For the year, CTI had consolidated net sales of $64,268,000 compared to consolidated net sales in 2015 of $59,365,000, an increase of 8.3%. Income from operations for the year was $2,840,000 compared to income from operations in 2015 of $2,817,000. Net income for the year was $653,000 or $0.18 per share (basic and diluted) compared to $1,047,000 for 2015 which represented $0.32 per share (basic) and $0.30 per share (diluted). Net income for the year was affected by an income tax provision of $703,000 in 2016 compared to an income tax provision of $370,000 in 2015. click Read More below for additional detail
The lack of a new major bestseller was one factor in driving sales and earnings lower last year, compared to 2015, at Penguin Random House. According to PRH parent company Bertelsmann, revenue at the world’s largest trade publisher fell 9.6% in 2016, to 3.4 billion euros, while EBITDA (earnings before interest, taxes, depreciation and amortization) declined 3.6%, to 537 million euros. Figures include results from Verlagsgruppe Random House, the German publishing group wholly owned by Bertelsmann. The lack of a breakout smash contributed to declines in both print and e-book sales but sales of digital audiobooks remained strong, Bertlesmann said. In addition, revenue was negatively affected by currency changes and asset sales. In the U.S., PRH sold Author Solutions (closing the deal just before the start of the new year, on December 30, 2015). Last year, PRH also sold Fodor's and Random House Studios. click Read More below for additional detail