Source Interlink Companies yesterday reported a net loss of $296.7 million for the six months ending July 31, compared to a $4 million net income gain for the period last year. The company has also folded three underperforming titles: Car Audio and Electronics, Stock Car Racing and Mini Rider. Folio: (Sept. 17, 2008)
One analyst professed surprise at the size of the price increases, which the company said are being instituted to offset increasing ingredient costs. The Boston Globe (Aug. 18, 2008)
When the trucks go into service throughout the U.S. and Canada later this summer, Coca-Cola Enterprises will have the largest hybrid truck fleet in North America. The per-vehicle cost is $85, 000 – higher than non-hybrid alternatives – but each one will produce 37 percent fewer emissions and use 32 percent less fuel than a standard delivery truck. [...]
Quebecor World Logistics’ Newsflash #222, repeated here in its entirety, offers a comprehensive review of transporation modes affected. Included are abbreviated press releases from BNSF, Canadian National, Union Pacific and the U.S. Postal Service.
Transportation Delays Continue; Flooding Mississippi Damages Midwest
June 17, 2008 / Quebecor World Logistics NEWS FLASH - Issue #222
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Flooding Locations Update:
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Severe flooding [...]
Glenn Brillinger has transferred from The News Group Canada to The New Group USA, where he will serve as vice president of category management. Robert Smith will fill Brillinger’s vacated position as vice president of sales and marketing for The News Group Canada. Full text of the announcement from The New Group Canada [...]
Source also wrote some $270.8 million off its books in the first quarter of fiscal 2009 to reflect the declining accounting value of its Source Interlink Media publishing division. The company is conducting a Q1 fiscal 2009 earnings conferernce call today. Southwest Florida News-Press Source Interlink’s 2009 First Quarter Results (.pdf file format) [...]
The company has scheduled a conference call to discuss the results at 4:30 p.m. Eastern Time on that day. Source Interlink Press Release (Mar. 25, 2008)
Covering all things Oprah, the blog will be written by Mark Bieganski, an online content “guru” for the newspaper, and apparently someone who covers his subject with religious devotion. The new blog is available at: http://blogs.suntimes.com/oprah/
Dennis Porti of Curtis Circ tells Circulation Management’s Tony Silber that the key to improving efficiency levels across the industry rests with the biggest, checkout magazines, who represent the bulk of the draw. He also suggested that any precipitous attempts to bring the industry’s sell-thru to the 50% level would have a “disastrous” affect on [...]
Source Interlink Distribution has joined the Magazine Information Network (MagNet) as a full member, and will begin contributing its magazine distribution data to Magnet’s periodicals database. With Source’s participation, MagNet claims that its database “now represents 98 percent of periodical sales in the U.S. and Canada … with information for more than 4,000 titles from 81 [...]