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*Catalyst's $110M new bond offering: Canadian newsprint maker Catalyst Paper Corp. on Friday said that it was offering $US110 million in new bonds and expected the deal to close next Wednesday. The new offering is for 11 percent senior secured notes that will be due Dec. 15, 2016 at the price of 86 percent of the principal amount. The suburban Vancouver, British Columbia-based company said that these bonds were senior secured notes and would have "first-priority basis by all of Catalyst's assets, subject to certain exceptions," which includes the company's $C330 million ($US316.8 million) revolving credit line. The company pointed out it already has a set of 11 percent bonds that are due on the same date, in the amount of $US280.4 million.

*Milwaukee paper to print Sheboygan Press: Journal Communications Inc. of Milwaukee said on Thursday that it had signed a deal with Gannett Co. Inc. to print Wisconsin's Sheboygan Press at the Burnham Street production plant of the Milwaukee Journal Sentinel. The company said it would print about 16,000 daily papers and about 21,000 Sunday papers at the facility, in broadsheet issues of two to four sections. "We are excited to add the Sheboygan Press to the many papers we now print at our Burnham facility," said Elizabeth Brenner, president and chief operating officer of Journal Communications' publishing group. Brenner said the company prints several other newspapers at the plant, including the 39 Pioneer Press Publications, the Kenosha News, USA Today and La Raza.

*Star Tribune ups single-copy to 75: Minneapolis' Star Tribune said earlier this month that it would increase its single-copy, local-area, weekday and Saturday price 50 percent, to 75 cents, effective today. The new price brings the Twin Cities in line with what the paper has charged outside the metro area since January 2009. The paper's single-copy Sunday editions will continue to cost $1.75. The Star Tribune's main competitor in the market, the St. Paul Pioneer Press, charges 25 cents for a weekday single copy. For the six months ending March 31, the Star Tribune's average weekday circulation declined 7.7 percent, to 295,438, while the Pioneer Press' average weekday circulation in the same period was flat at 193,054.

*Chicago Tribune, chambers of commerce: A company that provides local chambers of commerce with publishing services, Inc. of Elgin, Ill., said earlier this month that it had signed a deal with Tribune Media Group (Chicago Tribune, WGN-TV, WGN Radio, RedEye, et al.) for the two to provide Chicago-area chambers with marketing and communications services. The two companies said they would "deepen advertiser reach, and provide added promotional value via Tribune local newspapers and TribLocal community web sites to promote local chambers in conjunction with their publication programs." VillageProfile allows chambers of commerce around the country to outsource their publications, which include business directories, community guides and web sites that are often entirely supported by advertising from local businesses.

*Hard-knock life -- 'Annie' no longer daily: Tribune Media Services said last week that it was ending the comic-strip life of "Little Orphan Annie," a strip that has run, off-and-on, since 1924. "Annie is definitely not dying," Steve Tippie, TMS' vice president of licensing, told the Chicago Tribune. She "will definitely have a life beyond this newspaper incarnation. ... The daily newspaper strip will go away. Now, that doesn't mean that Annie won't come back ... whether it's [in] comic books, graphic novels, in print, electronic. It's just too rich a vein [not] to mine." While at her height, "Annie" was in hundreds of daily papers and spawned a Broadway musical (which in turn spawned a Hollywood movie). In recent months the strip, which has been retooled in recent years, aimed at younger readers, was only in about 20 papers.
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Geographic Code:1CANA
Date:May 17, 2010
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