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Only three weeks after Verso Paper’s CEO said acquiring NewPage was the key to its future, Verso announced it no longer wants to buy its rival. Here are some of the possible reasons for Verso's change of heart about merging North America's two largest makers of coated paper.
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Shutting down the Sartell, Minnesota paper mill will cost Verso Paper Corp. more than the entire company is worth, Verso revealed yesterday. North America’s second largest maker of coated paper will need cash outlays of about $33 million, most in the current quarter, for severance, etc.
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Time Inc.'s magazines are facing such "soft market conditions" for ad pages and copy sales that their market value may decline significantly this year, the company revealed in a financial statement yesterday.
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Verso's proposals to merge with NewPage are more about delaying its rival's emergence from bankruptcy protection than they are about creating a giant paper company, NewPage told a bankruptcy court this week.
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Four years before it went into bankruptcy protection, NewPage Corp. was essentially structured as a giant scheme to defraud suppliers and other creditors for the benefit of its owners, a creditors committee charges in court motions.
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After two years in the #43 slot, D. Eadward Tree, the writer of Dead Tree Edition, has been pruned from The RISI Top 50 Power List of the most influential people in the global pulp and paper industry.
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Despite the paper industry's failure to defend itself, a U.S. arm of Toshiba pulled the plug today on its National No-Print Day campaign.
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Toshiba's misleading "No-Print Day" campaign may be an attempt to distract us from the company's dismal environmental record. Greenpeace ranks the company tied for #13, out of 15 major manufacturers, in the latest edition of its annual Guide to Greener Electronics.
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In the last three days, it seems, nearly every leading commentator on the U.S. printing industry has spoken out against Toshiba’s ill-conceived National No-Print Day. Words like “boycott”, “hypocrites,” and “what were they thinking?” keep popping up in various articles and comments.
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In a stunning display of greenwashing and ignorance, a U.S. branch of Toshiba has proclaimed October 23 National No-Print Day. To raise awareness of how paper and printing affect the planet, the company is asking people not to print or copy anything that day. Toshiba has some questions to answer.
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Does it make environmental sense to add recycled fiber to paper made at a mill designed to run on virgin pulp? Two leading influencers of the North American publishing industry are expressing their opposing views.
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The environmental group that aimed a "Practice What You Print" campaign against National Geographic for not using recycled paper says it is now engaged in "productive discussions" with the magazine. Meanwhile, Greenpeace started hassling KFC this week for using products from Asia Pulp and Paper.
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The creator of Angry Birds has been a book publisher for less than five months but already grasps a truth that eludes so many long-time publishers.
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To understand why selecting environmentally preferable paper is so challenging for print buyers, consider this: National Geographic Society has been praised for promoting sustainable forestry and carbon-footprint reporting but is also the subject of protests for not using recycled paper.
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A 25-year veteran of International Paper's closed Franklin, Virginia mill pursues a new career in healthcare, along with other tales about the demise of ink-on-paper publishing.
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Decreasing demand for publication papers in the U.S. is apparently having a counterintuitive result: higher prices. Or at least higher minimum price levels during down markets.
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Sales of e-books in the U.S. have gone from "exponential" to "incremental," surprising almost all of the industry pundits. In-depth research from RR Bowker actually indicates signs of market saturation. But one major category of books still seems likely to be replaced by digital content.
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It’s alive! Recent media reports about the death of the Son of Black Liquor tax loophole for U.S. paper companies turned out to be greatly exaggerated.
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Fellow print lovers, it’s time to stop pretending that electronic publications aren’t real magazines or that print is always superior to digital. Printed publications have become a niche medium. A niche product cannot be all things to all people.
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Quad/Graphics once tried to build a printing plant next to a paper mill. But now its approach to "redefining print" is to help its clients "connect with customers" via various digital media.
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