Paper Distributor & Packaging Supplier
After more than 100 years in business, Midland has grown from a single Midwest location to a national paper & packaging company with offices from coast to coast.
This type of growth requires relentless effort and a continual focus on doing things right.
We bring the best products the best people and the best service to all of our customers in all of our business segments. Play the video to see how we do it.
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Recent Paperclips Industry News
27Mar 24
Gannett Announces Further Debt Reduction
Gannett Co., Inc. announced it will repurchase approximately $13.0 million of 6.00% first lien notes due November 1, 2026 (the "2026 Senior Notes") for approximately $12.0 million, representing a discount to par value. The transaction is expected to close on March 28, 2024. In connection with the repurchase of the 2026 Senior Notes, the Company will receive a waiver from certain lenders under its five-year senior secured term loan facility that will reduce the scheduled amortization payment for the fiscal quarter ending March 31, 2024 payable to those lenders by the amount spent by the Company to repurchase the 2026 Senior Notes. "By working with our lenders, we are continuing to opportunistically take out senior notes below par value, and this latest repurchase builds upon the agreements announced in November and September of 2023," said Michael Reed, Chairman and Chief Executive Officer. "We expect debt reduction and improvement in our capital structure to remain our primary use of capital allocation, and as a result, we expect to repay at least $110 million in 2024 through non-strategic asset dispositions and continued free cash flow improvement."
27Mar 24
Adobe Announces Generative AI Solutions to Jumpstart Content Supply Chain for Enterprises
At Adobe Summit – the world’s largest Digital Experience Conference – Adobe announced major product innovations that will empower brands to optimize their entire content supply chain with generative AI. For most organizations, their content supply chain – the end-to-end business process that every company needs to deliver the content required for marketing campaigns and personalized customer experiences – is a web of disconnected workflows, teams and systems that often break down. At the same time, the demand for content that is personalized and engaging is exploding. Adobe has an integrated set of best-in-class products to help companies automate and optimize their content supply chain. With Adobe GenStudio, Adobe will be releasing a new generative AI-first offering that lets marketing teams quickly plan, create, manage, activate and measure on-brand content.
27Mar 24
AAP December 2023 StatShot Report: Overall Publishing Industry Up 0.4% for Calendar Year 2023
The Association of American Publishers released its StatShot report for December 2023 reflecting reported revenue for Trade (Consumer Books), Religious Presses, Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for December 2023 were down 2.5% as compared to December 2022, coming in at $920.7 million. Year-to-date revenues were up 0.4%, at $12.6 billion for the year of 2023. Trade revenues were down 0.3%, at $8.9 billion for the calendar year. Hardback revenues were up 0.4%, coming in at $3.3 billion; Paperbacks were down 2.0%, with $3.1 billion in revenue; Mass Market was down 22.9% to $140.0 million; and Special Bindings were up 2.2%, with $210.0 million in revenue.