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Catalyst Paper Will Undergo Recapitalization

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first_imgIn what appears to be a direct result of the paper industry’s continued struggle, British Columbia-based manufacturer Catalyst Paper will move forward with a recapitalization transaction to correct its current financial situation. According to a company statement, the improved capital structure will eliminate $315.4 million of Catalyst’s debt.In addition to the significant reduction, the restructuring is approved by the companies’ creditors with the hope of “enhanced flexibility to respond to the downturn in the market for paper, newsprint and pulp”. Catalyst is working with Blake, Cassels & Graydon LLP and Skadden, Arps, Slate, Meagher & Flom LLP for legal counsel, and Perella Weinberg Partners will be the company’s financial advisors through the recapitalization.Upon the plan’s completion, which will be carried out under the Canada Business Corporations Act, a new board of directors will be appointed for Catalyst Papers. A move like this is not surprising, considering the currently volatile state of the paper industry. Paper demand has declined, as magazine’s print properties still have not made a full recovery from the recession. The digital draw to tablets and other mobile devices also presents a conundrum for an industry largely based on supplying print supplies to magazines. While many publishers expected prices to drop as demand for paper has, the reality is that supply is still meeting demand, according to paper industry insiders.After January 14’s initial announcement, Catalyst released another statement today reasserting the consensual restructuring process, as opposed to “certain media reports” of bankruptcy proceedings.Catalyst operates four mills between British Columbia and Arizona, with a collective annual production capacity of 1.9 million tons.last_img read more

A Captcha Alternative for Publishers

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first_imgAs if there weren’t enough distractions on the Web, captchas have long caused annoyance for both Internet consumers and content creators. Meredith Corp. found an alternative for weeding out bots and quantifying consumer interaction with Solve Media, a performance-based brand advertising business.Solve’s product portfolio includes pre-roll type-in advertising, a model that has readers key in a simple ad message to access content, polls, etc. Meredith’s SVP of digital media Andy Wilson discusses why the publisher began to work with Solve almost two years ago, “We were having problems with spam getting through in a couple of our voting spaces, and we started having to use the captcha; the solution just wasn’t working. Our audience was getting very frustrated, so we decided to give Solve a try.”Though Meredith was concerned there would be a negative audience reaction to the new technology, Wilson says the changes were welcomed by consumers. “It solved our problem, but also gave a better consumer experience. And with that, our engagement rates went up. We ended up with more votes and with more people participating in the program. We also started a new advertising revenue stream,” says Wilson.Ari Jacoby, CEO of Solve Media, says products are sold on a cost per engagement basis. He also says his company is on the premium side of the ad business, “We know that premium advertising is immersive, emotive on the brand side, that delivers the kind of experiences that brands really want, is advertising that we can all really get premium prices on. Premium prices preserve great journalism. Whereas remnant prices, we know what that leads us to.” Wilson further explains Solve’s revenue share model, “So on our site, there will be an advertising message that plays, either in a video or static ad impression, with an slogan and that will be what the user is required to type in to bypass or prove that they are not a computer. So everyone of those you can sell them by Solve, which has been done in the past; or you can sell them on a CPM basis.” The extra dollars are reinforced by audience engagement. According to Wilson, Meredith receives five to seven million “type-ins” on a monthly basis.last_img read more

Samsung Galaxy A50 costs 350 and has three rear cameras available June

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first_img Turo The Galaxy A50 has three rear cameras. Samsung Samsung’s A-series of midrange phones have three new members: the Galaxy A50, A20 and A10E. If you want a new Galaxy phone, these are some of your cheapest options, sitting just above Samsung’s entry-level Galaxy J line. The A-series is much cheaper than a top tier Galaxy phone. The Galaxy S10 Plus, for instance, costs $1,000 and the supposedly upcoming Galaxy Fold (Samsung delayed its launch due to a number of screen issues on its pre-production units) is priced at nearly $2,000.The most advanced of the new trio is the Galaxy A50, which we got an early glimpse  of in February at MWC 2019. It costs $350 and features a 6.4-inch display, a 4,000-mAh battery and 64GB of built-in storage with the option to expand up to 512GB. On the back are three cameras, which includes a wide-angle lens as well as a “depth lens,” which is used to take portrait shots with blurry, dramatic backgrounds. The $250 Galaxy A20 has a 6.4-inch screen, a 13-megapixel rear camera and the same 4,000-mAh battery as the A50. Lastly, the cheapest of the bunch of the Galaxy A10E. At $180, it features a 5.83-inch display, an 8-megapixel camera and a 3,000-mAh battery. Both of the phones have just 32GB of onboard memory, but you can expand storage with a microSD card (not included).All three phones run Android 9.0, with Samsung’s new One UI layered on top. Though exact availability dates for the Galaxy A20 and A10E have not been released, the Galaxy A50 will be available on June 13. See at Amazon Read DJI Osmo Action preview $210 at Best Buy Tidal 3-month family subscription: $5.99 (save $54) Rylo 5.8K 360 Video Camera: $250 (save $250) Chris Monroe/CNET Formerly known as the Google Home Hub, Google’s Nest Hub packs a wealth of Google Assistant goodness into a 7-inch screen. At $59, this is within a buck of the best price we’ve seen. It lists for $129 and sells elsewhere in the $89-to-$99 range.This is one item of many available as part of eBay’s Labor Day Sale (which, at this writing, doesn’t specifically mention Labor Day, but that’s how it was pitched to us). DJI’s answer to GoPro’s action cameras is rugged little model that’s shockproof, dustproof and waterproof down to 11 meters. It normally runs $350, but this deal drops it to $261 when you apply promo code 19LABOR10 at checkout. Phones An Echo Dot makes a fine match for any Fire edition TV, because you can use the latter to say things like, “Alexa, turn on the TV.” Right now, the 24-inch Insignia Fire TV Edition starts at just $100, while the 32-inch Toshiba Fire TV Editions is on sale for $130. Just add any Fire TV Edition to your cart, then add a third-gen Echo Dot, and presto: The latter is free. $6 at Tidal DJI Osmo Action camera: $261 (save $89) Recently updated to include digital-photo-frame capabilities, the Lenovo Smart Clock brings Google Assistant goodness to your nightstand. It’s a little smaller than the Amazon Echo Show 5, but also a full $30 less (and tied with Prime Day pricing) during this Best Buy Labor Day sale. Tags I thought this might be a mistake, but, no, the weirdly named HP Laptop 15t Value is indeed quite the value at this price. Specs include an Intel Core i7 processor, 12GB of RAM, a 256GB solid-state drive and a 15.6-inch display. However, I strongly recommend paying an extra $50 to upgrade that display to FHD (1,920×1,080), because you’re not likely to be happy with the native 1,366×768 resolution. HP Laptop 15t Value: $520 (save $780) Lenovo Smart Clock: $59.99 (save $20) Read Lenovo Smart Clock review Sarah Tew/CNET Turo is kind of like Uber meets Airbnb: You borrow someone’s car, but you do all the driving. I’ve used it many times and found it a great alternative to traditional car-rental services — in part because you get to choose exactly the vehicle you want (not just, say, “midsize”) and in part because you can often do pickup and dropoff right outside baggage claim.Between now and Sept. 1, the first 300 people to check out can get $30 off any Turo rental with promo code LDW30. Samsung,I’m shocked — shocked! — to learn that stores are turning Labor Day into an excuse to sell stuff. Wait — no, I’m not. As much as I respect the original intent of the holiday (which became official back in 1894), to most of us, it’s just a bonus day off — one that’s blissfully tacked onto a weekend. So, yeah, stores; go ahead, run your sales. I’m listening. Perhaps unsurprisingly, Labor Day doesn’t bring out bargains to compete with the likes of Black Friday (which will be here before you know it), but there are definitely some sales worth your time.For example:We’ve rounded up the best Labor Day mattress deals.We’ve also gathered the best Labor Day laptop deals at Best Buy.The 2019 Vizio P Series Quantum is back under $999.Be sure to check out Amazon’s roughly three dozen Labor Day deals on TVs and audio. Google Express is having a big sale as well, one that includes deals on game consoles, AirPods, iPhones, laptops and more.Below I’ve rounded up a handful of individual items I consider to be the cream of the crop, followed by a handy reference guide to other Labor Day sales. Keep in mind, of course, that products may sell out at any time, even if the sale itself is still running. Note that CNET may get a share of revenue from the sale of the products featured on this page. JBL Soundgear wearable speaker: $90 (save $160) Rylo Use promo code 19LABOR10 to get an unusually good deal on JBL’s interesting hybrid product — not quite headphones, and not quite a traditional speaker, but something you wear like neckphones to listen to music on the go. $90 at Daily Steals via Google Express $59 at eBay See It 7 Read the AirPods review Share your voice Turo: Save $30 on any car rental Mentioned Above Apple iPhone XS (64GB, space gray) Read the Rylo camera preview See it See at Turo Though not technically a Labor Day sale, it’s happening during Labor Day sale season — and it’s too good not to share. Nationwide Distributors, via Google Express, has just about the best AirPods deal we’ve seen (when you apply promo code ZBEDWZ at checkout). This is for the second-gen AirPods with the wireless charging case. Can’t imagine these will last long at this price, so if you’re interested, act fast. Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. Preview • iPhone XS is the new $1,000 iPhone Xcenter_img Comments Sarah Tew/CNET Other Labor Day sales you should check out Best Buy: In addition to some pretty solid MacBook deals that have been running for about a week already, Best Buy is offering up to 40% off major appliances like washers, dryers and stoves. There are also gift cards available with the purchase of select appliances. See it at Best BuyDell: Through Aug. 28, Dell is offering an extra 12% off various laptops, desktops and electronics. And check back starting Aug. 29 for a big batch of Labor Day doorbusters. See it at DellGlassesUSA: Aug. 29 – Sept. 3 only, you can save 65% on all frames with promo code labor65. See it at GlassesUSALenovo: The tech company is offering a large assortment of deals and doorbusters through Labor Day, with the promise of up to 56% off certain items — including, at this writing, the IdeaPad 730S laptop for $700 (save $300).See it at LenovoLensabl: Want to keep the frames you already love and paid for? Lensabl lets you mail them in for new lenses, based on your prescription. From now through Sept. 2 only, you can save 20% on the blue light-blocking lens option with promo code BLOCKBLUE. See it at LensablSears: Between now and Sept. 7, you can save up to 40% on appliances (plus an additional 10% if you shop online), up to 60% on mattresses, up to 50% on Craftsman products and more. The store is also offering some fairly hefty cashback bonuses. See it at SearsNote: This post was published previously and is continuously updated with new information.CNET’s Cheapskate scours the web for great deals on tech products and much more. For the latest deals and updates, follow the Cheapskate on Facebook and Twitter. Questions about the Cheapskate blog? Find the answers on our FAQ page, and find more great buys on the CNET Deals page. 12 See It $299 at Amazon Amazon Comments Review • iPhone XS review, updated: A few luxury upgrades over the XR $261 at Daily Steals via Google Express Share your voice $155 at Google Express What’s cooler: A snapshot of a firework exploding in front of you, or full 360-degree video of all the fireworks and all the reactions to seeing them? Oooh, ahhh, indeed. At $250, the compact Rylo dual-lens camera is selling for its lowest price yet. And for an extra $50, you can get the bundle that includes the waterproof housing.This deal runs through Sept. 3; it usually costs $500. $520 at HP CNET may get a commission from retail offers. Apple AirPods with Wireless Charging Case: $155 (save $45) $999 Tags Best Buy Sprint $999 Angela Lang/CNET Spotify and most other streaming services rely on compressed audio, which robs the listener of full fidelity. Enter Tidal, the only “major” service that delivers lossless audio — meaning at least on par with CD quality, if not better. Want to see (er, hear) the difference for yourself? Grab this excellent extended trial while you can. It’s just $6 for three months, and it’s good for up to six listeners. $999 Apple iPhone XS $999 Lenovo 130-15AST 15.6-inch laptop: $210 (save $90) The Cheapskate $60 at Best Buy Sarah Tew/CNET TVs Speakers Mobile Accessories Cameras Laptops Automobiles Smart Speakers & Displays Sarah Tew/CNET Free Echo Dot with an Insignia or Toshiba TV (save $50) Google Nest Hub: $59 (save $70) See It Boost Mobile Read Google Home Hub review The problem with most entry-level laptops: They come with mechanical hard drives. That makes for a mighty slow Windows experience. This Lenovo model features a 128GB solid-state drive, so it should be pretty quick to boot and load software, even with its basic processor. Plus, it has a DVD-burner! That’s not something you see in many modern laptops, especially at this price.last_img read more