U.S. cable T.V. operator Cablevision Systems Corp is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1, according to a person familiar with the matter. The offer would come one month after New York media and real estate magnate Mortimer Zuckerman said he was considering selling the newspaper and had hired Lazard Ltd to assist with the process. It underscores the declining readership and plunging advertising revenue that have plagued the tabloid for years. Cablevision's $1 bid takes into account the New York Daily News' reported $30 million annual loss and $150 million investment in a printing press, and declining circulation that relies heavily on newsstand sales rather than on subscriptions, the source said.
Smurfit Kappa has once again demonstrated its creativity and innovation with the installation of a corrugated cardboard igloo in Piteå, north Sweden. Made from Kraftliner-based corrugated board, the igloo was created to test the durability and resistance of Kraftliner in extreme conditions of low temperatures and contact with water. Measuring 4 metres wide and 2 metres high, the igloo is constructed using a combination of Kraftliner White Top, Recycled High Performance, and Kraftliner papers. Igloos are usually made from cubes of ice with a slight angle, so achieving the dome shape from perfectly rectangular corrugated building blocks wasn’t easy. However, never prone to shy away from a challenge, the creative minds of the Smurfit Kappa team persevered until reaching the perfect solution, unveiling their innovative creation in mid-March.
Following its successful introduction with Finnish dairy Valio, the world’s first fully renewable package, Tetra Rex® Bio-based, is now being rolled out to Tetra Pak customers worldwide. Valio has been selling its Valio Eila® brand of lactose free semi-skimmed milk drink in Tetra Rex Bio-based for the past three months and now plans to use the fully renewable package for some other products in their range. At the same time, the company has also decided to use Tetra Pak’s 100% bio based closures for all their gable-top packages. “After all of the hard work and significant investment that has gone into bringing this package to market, it is hugely rewarding to get such a positive response from both Valio and their consumers,” says Charles Brand, Executive Vice President of Product Management & Commercial Operations for Tetra Pak.
Berry Plastics Group, Inc. (NYSE: BERY) was recently named TricorBraun’s 2014 Vendor of the Year. TricorBraun annually selects one vendor to receive this award by using its vendor performance report system, which tracks the standing of a strategic vendor, and by having its entire company rate the top four strategic vendors. Berry Plastics has been a supplier to TricorBraun for more than 40 years, and currently supplies the company with bottles, closures, tubes, and aerosol overcaps.
Books-A-Million is trying to increase brand loyalty with two new omnichannel marketing campaigns celebrating customers. During the month of April, the retailer will host Customer Appreciation Month. The campaign kicks off with Educator Week on April 4 and wraps up with Geek Week, which will offer Stars Wars events and comic book giveaways. “Books-A-Million has great customers and we are excited to have an entire month dedicated to giving them these special events and giveaways,” said Misty Fontenot, SVP of operations for Books-A-Million. “From Star Wars fans to teachers, Customer Appreciation Month truly has something for all of our customers. We strive to give them the best and Customer Appreciation Month is a part of that.”
2014 was another year of industry-leading growth for Hearst Newspapers. With 15 daily and 34 weekly papers across the country, in addition to digital marketing services and directories businesses under the LocalEdge brand, Hearst newspapers are continuously innovating to provide both readers and advertisers with cross-platform solutions for the increasingly digital world. 2014 was the third year of consecutive growth for Hearst Newspapers. Can you talk more about that? Mark Aldam: At Hearst Newspapers, we’ve been working very hard to diversify our revenue streams and build out a sustainable business model for all of our newspapers. Concentrating principally on our large markets, we have implemented a digital advertising strategy, which helps to compensate for the challenges we still face in print.
The U.S. Postal Service celebrates April as National Card and Letter Writing Month by issuing colorful Forever stamps sheets complete with decorative stickers for personalizing envelopes, letters and greeting cards. The Postal Service is collaborating with Scholastic to provide an educators’ guide on teaching letter writing titled, “It’s a Delight to Write,” that will be distributed to 80,000 teachers and 7.3 million parents nationwide. The first-day-of-issue dedication ceremony took place today at the Friendship Public Charter School - Woodridge Campus in Washington, DC. “Sure, email and texting is quick and convenient, and Facebook has photos and videos, but nothing beats the thrill and excitement of opening your mailbox and finding a personal letter addressed to you,” said U.S. Postal Service Judicial Officer William Campbell in dedicating the stamps.
A plan to salvage RadioShack Corp’s RSHCQ.PK business by co-branding most of its 1,740 surviving stores with cellular phone provider Sprint Corp (S.N) earned U.S. bankruptcy court approval on Tuesday, ending four days of contested court hearings. The stores are what survived of more than 4,000 outlets after RadioShack went bankrupt in February. Founded in 1921, the chain was a go-to retailer for electronics before becoming increasingly irrelevant in the digital age. Judge Brendan Shannon, in Delaware bankruptcy court, approved a sale of the stores to the Standard General hedge fund, which plans to keep most of them open under a deal in which Sprint will occupy one-third of each space.
With the outstanding achievement of celebrating its 90th anniversary in 2014 along with posting its largest sales year to date, TPC Printing & Packaging is keeping the positive momentum moving into 2015 with the spring installation of its new eight-color, 41″ KBA Rapida 105 press with full UV capabilities and in-line coater along with board and plastic packages to its 150,000-square-foot facility in Chattanooga, TN, and reveling in another record-setting sales year with a double-digit sales increase over last year. The new press is due to be delivered in April 2015.
To get more girls “engaged in engineering,” Georgia-Pacific has been lending a hand to the GEE (Girls Engaged in Engineering) initiative in Crossett, Arkansas. Through its Crossett plant, Georgia-Pacific provides products and volunteers to Crossett Middle School for the GEE project, which gives female students the chance to study engineering concepts and apply them through hands-on learning. Led by GEE founder and teacher Charre Todd, who spends many weekends with the students, the program centers on activities like creating dresses from toilet paper to apply math skills, and modeling asphalt with “no-bake” chocolate cookies, illustrating civil engineering concepts. According to Todd, programs like GEE help students understand more of what engineering entails and inspires them to consider careers in an industry where women are underrepresented. But if you ask the students why they come, Todd is quick to point out the main reason they give: “Because it’s fun!