Meredith Corporation (NYSE: MDP; www.meredith.com) announced today that it has agreed to a multi-year renewal of its licensing relationship with FTD Companies, Inc., for the Better Homes and Gardens brand.
Meredith Corporation (NYSE:MDP, www.meredith.com), the leading media and marketing company serving more than 100 million unduplicated American women, announced today that it has reached an agreement to acquire Shape magazine and the digital assets of the Shape, Natural Health, and Fit Pregnancy brands from American Media (AMI).
Meredith Corporation (NYSE:MDP; www.meredith.com), the leading media and marketing company serving more than 100 million American women, today reported fiscal 2015 second quarter earnings per share grew 30 percent to $0.87 compared to $0.67 in the prior-year period. Total revenues rose 13 percent to $399 million, including 25 percent growth in advertising revenues.
Courier Corporation (Nasdaq: CRRC), one of America’s leading innovators in book manufacturing, publishing and content management, announced today that its Board of Directors has reasonably determined in good faith, after consultation with its independent legal and financial advisors, that the non-binding, unsolicited proposal from R.R. Donnelley & Sons Company (Nasdaq: RRD) to acquire the Company for $23.00 per share in cash or RR Donnelley common stock is reasonably likely to result in a “Superior Proposal” as defined in Courier’s merger agreement with Quad/Graphics, Inc. (NYSE: QUAD) (“Quad/Graphics”).
Hammermill® Paper, manufactured by International Paper, raised $327,657 during an exciting holiday shopping season as part of the paper manufacturer's participation in the 11th annual St. Jude Thanks and Giving® campaign. This marks the fourth year of the Hammermill brand's partnership with St. Jude Children's Research Hospital®, and brings the total amount contributed by Hammermill to St. Jude to more than one million dollars. The Thanks and Giving campaign raises millions of dollars to support St. Jude Children's Research Hospital® and its mission of finding cures and saving children battling cancer and other life-threatening diseases.
Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced significant updates to The Paper Trail®, its award-winning interactive tool that helps customers trace the impacts of their paper purchases. The totally renovated site includes social and economic information in addition to environmental data, broadening the meaning of sustainability. It represents Domtar's belief that businesses should operate transparently, pulling back the curtain on their operations and the resulting impacts.
Canfor Corporation (TSX: CFP) announced today the sale of its Taylor, BC pulp mill to its subsidiary company, Canfor Pulp Products Incorporated (TSX: CFX). This transaction will impact the management reporting structure of Taylor Pulp within Canfor Corporation but is not anticipated to have any operational impacts. The agreement includes a purchase price of approximately $15 million including working capital, along with additional consideration to be paid by Canfor Pulp over a three year period contingent on the financial results of Taylor Pulp over that time.
For the full year 2014, the Company reported diluted earnings per share from continuing operations of $2.36 compared to $1.85 per share for the full year 2013. Excluding the effect of facility consolidation costs and transaction-related gains detailed in the attached schedule, “Reconciliation of Non-GAAP Earnings Per Share,” adjusted diluted earnings per share from continuing operations would have been $2.30 in 2014 and $2.09 in 2013. Net sales from continuing operations totaled $4.3 billion in 2014. Excluding the impact of currency, acquisitions, and divestitures, net sales for 2014 would have increased by 2.1 percent, primarily reflecting the favorable impact of price and mix.
Continuing operations October-December 2014 compared with October-December 2013 * Net sales EUR 247.0 million (EUR 243.4 million). * Operating profit / loss excluding non-recurring items EUR -1.8 million (EUR -2.5 million).
The plunge in crude oil prices is taking its toll across Japan’s industrial base. Forecasts from Nippon Steel & Sumitomo Metal Corp., Japan Marine United Corp. and Komatsu Ltd. show the extent to which lower crude prices are eroding the outlooks for companies involved in different businesses.