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International Newspaper Group Chicago, Illinois October 6, 1012. Update After Restructuring. How we began this Journey Progress and Changes Lessons Learned. Auburn, Alabama. Bristol and Lynchburg. Feasibility Study. February 2007 Feasibility Committee

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International newspaper group chicago illinois october 6 1012

International Newspaper Group

Chicago, Illinois

October 6, 1012


Update after restructuring
Update After Restructuring

  • How we began this Journey

  • Progress and Changes

  • Lessons Learned




Feasibility study
Feasibility Study

  • February 2007 Feasibility Committee

    • Team members: Operations and Accounting

    • Scope:

      • Why do this?

      • What is not being provided now?

      • What is the scope of the new division?

      • What assets would be in the new division?

      • How would it be structured?

      • How would accounting occur?

      • Sustainability?



Structure

June 25, 2012 sale of 63 daily and weekly products completed to World Media Enterprises.

B.H. Media

World Media Publishing Solutions

Centralized support group

Provide customer service to core newspaper production and distribution needs.

Have goals and responsibility to grow revenues from third party commercial opportunities.

Be responsible for supplying the most cost effective and quality solution for all production and distribution needs within the organization.

Structure


The model

Centralization verses decentralization to World Media Enterprises.

Prior to 2008 the business model was one of individual business units whose decisions supported the goals of the local or regional organization.

The results wee a disjointed manufacturing and distribution effort. Lost opportunities, revenue left on the table.

In 2008 we proposed a single manufacturing and distribution group to offer a focused approach. A consolidated view of core product support and commercial revenue opportunities.

a group with P&L responsibility to grow revenue that brings to bear the entire manufacturing and distribution effort of the organization with a common goal.

This would enable publishers to grow their businesses without the distraction of printing, packaging and distribution.

The group would leverage existing capacity and load balance production.

Capitalize on market niche with our new facilities with full color.

Quicker response time to outsource production of current products.

The Model


The challenge has not changed

This is no surprise; we are still in a rapidly changing media world.

The challenge: How do we deliver long term value with traditional assets?

The proposal in 2008: Establish a new organization that is solely focused on leveraging fixed assets to provide these long term investments more relevance in a changing world.

The Challenge has not Changed


Execution of the 2008 plan

Leverage available printing and packaging capacity media world.

Load balance existing printing and packaging

Fully leverage existing equipment and personnel

Add infrastructure as new revenue supports the investment.

Commercial sales team

Leverage advertising sales team to direct commercial opportunities

Commercial sales and customer service support

Leverage economies of scale where possible to reduce expenses.

Leverage existing distribution network beyond traditional core services

Execution of the 2008 Plan



Where are we to plan
Where are we to Plan? media world.

133%

96%

38%

12%


Where are we to plan1
Where are we to Plan? media world.


Keys to success
Keys to Success media world.

  • Focus on the mission: Growth and Retention

  • Structure organization to take advantage of opportunities, must flexible and dynamic

  • Retooling to meet future needs, equipment and talent

  • Rewards for Performance

  • The Goal


Measures of success
Measures of Success media world.

  • Contribution to core newspapers

  • Commercial budget

  • Year over Year Comparison

  • Net Profit verses EBITDA Profit

  • Customer Turnover

  • Growth of Customer Base


QUESTIONS media world.


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