Monday, February 2, 2009

Can't Buy Me Love: Valentine's Spending Down 4.8 Percent

Love's On A Budget According To IBISWorld Research

LOS ANGELES, Feb. 2 /PRNewswire/ -- This Valentine's Day is all about creative thinking as lovers choose candy and cards rather than bouquets and bling. According to IBISWorld, the nation's most respected independent publishers of industry research, spending will fall to $28.6 billion this holiday - a 4.8 percent drop from last year and a 6.8 percent drop since 2007.

"Valentine's Day is more of a discretionary occasion than Christmas and birthdays, which means it will be hit particularly hard by the current economic climate," explained George Van Horn, senior analyst with IBISWorld. "Tightening household budgets will make it difficult to justify splurging on loved ones this year, especially for couples with children who have just had to budget for the Christmas holiday."

In fact, Valentine's Day spending will fall below the level of spending for the total U.S. retail sector over the first quarter of 2009. IBISWorld expects many couples to substitute pricier gifts for a simple box of chocolates and a card, as well as coming up with inexpensive ways to celebrate such as cooking a romantic meal at home, enjoying a picnic, walking on the beach or writing a love letter or poem.

Big ticket items such as jewelry, expensive dinners, lingerie, roses and weekends getaways are the most likely to suffer. Likewise, News Agents and Gift Retailers are expected to significantly underperform in greeting card sales, as consumers buy these products from big box, supermarket and warehouse stores instead.

The table below represents the percentage change in Valentine's Day spending from last year across a range of popular categories:

                        2008 Spending     2009 Spending     Change in Spending
                                                             From 2008 - 2009
    Item                 (millions)        (millions)

    Greeting Card         $2,541            $2,568             +1.1 percent
    Candy                 $2,751            $2,777             +0.9 percent
    Jewelry               $1,555            $1,475             -5.1 percent
    Flowers               $485              $475               -2.0 percent
    Dining out            $12,320           $11,564            -6.1 percent
    Clothing & intimate
     apparel              $4,845            $4,518             -6.7 percent
    Romantic getaway      $3,575            $3,450             -3.5 percent

"Overall, dining out is likely to still be the most popular way to indulge a loved one, representing 41 percent of overall Valentine's Day sales," said Van Horn.

About IBISWorld, Inc.

Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of trends and market analysis on every U.S. industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information visit www.ibisworld.com or call 1-800-330-3772.

USA TODAY Sports Weekly Publishes Special Edition: NASCAR Preview '09

MCLEAN, Va., Feb. 2 /PRNewswire/ -- A special edition of USA TODAY Sports Weekly devoted to NASCAR hits newsstands today. The Sports Weekly NASCAR Preview '09 edition gives motor racing fans an in-depth look at the drivers and tracks they'll encounter during the 2009 season.

Featured in this 56-page special edition:

  • A cover story looking at how NASCAR and its teams will navigate through these turbulent economic times.
  • Profiles of drivers Tony Stewart and Mark Martin, who will try to win his first championship at age 50.
  • An in-depth look at 36 top drivers.
  • The lowdown on the 22 tracks that will be used this season.

The Sports Weekly NASCAR PREVIEW '09 special edition will be on sale at newsstands through February 23rd at a cover price of $4.95. This issue can be ordered by calling 1-800-872-5149 or by visiting www.usatodayservice.com/specialeditions. USA TODAY Sports Weekly publishes special editions throughout the year covering special events in sports.

USA TODAY Sports Weekly covers baseball and football with detailed analysis and in-depth cover stories on the players and issues that shape two of the most popular sports in America. There is no off-season for Sports Weekly - readers will find complete coverage in all 52 issues throughout the year. USA TODAY Sports Weekly is published by Gannett Co., Inc. (NYSE: GCI).

Frito-Lay Wins First USA TODAY Ad Meter Title

MCLEAN, Va., Feb. 2 /PRNewswire/ -- Frito-Lay grabbed the top spot in USA TODAY's Super Bowl Ad Meter for the first time. Frito-Lay's Doritos ad featuring an office worker using a crystal ball to free Doritos was the most popular, according to USA TODAY's Ad Meter. Volunteers gave the ad a score of 8.46 (on a scale of 0 to 10).

Go to admeter.usatoday.com to see full USA TODAY Super Bowl Ad Meter results, watch all the Super Bowl ads, rate the ads yourself and see what others think. Complete results are also available in today's editions of USA TODAY.

          The top five ads and final ratings are:
          1.  Frito-Lay Doritos - Crystal ball sees free Doritos - 8.46
          2.  Anheuser-Busch Budweiser - Clydesdale's romance with circus
              horse - 8.42
          3.  Anheuser-Busch Budweiser - A Clydesdale can fetch - 8.26
          4.  Bridgestone - Mr. and Mrs. Potato Head take a drive - 7.83
          5.  Frito-Lay Doritos - Superpowers of Doritos' crunch - 7.79

USA TODAY created the Super Bowl Ad Meter in 1989 to gauge consumers' opinions about TV's most expensive commercials. This year Ad Meter was held in McLean, Va. and Portland, Ore. 288 volunteers charted their second-by-second reactions to national Super Bowl commercials using hand-held meters to register how much they liked or disliked an ad. A computer averaged the scores continuously.

           Previous Ad Meter winners:
           2008 - Anheuser-Busch - Dalmatian trains Clydesdale to make beer
                  wagon team - 8.73
           2007 - Anheuser-Busch - Crabs worship a cooler of Budweiser on the
                  beach - 8.56
           2006 - Anheuser-Busch:  Secret refrigerator stocked with Bud Light
                  - 8.39
           2005 - Anheuser-Busch:  Pilot jumps out of airplane for Bud Light -
                  8.65
           2004 - Anheuser-Busch: Owners demonstrate how their dogs fetch Bud
                  Light - 9.04
           2003 - Anheuser-Busch: Replay - 8.99
           2002 - Anheuser-Busch: Satin Sheets - 9.11
           2001 - Anheuser-Busch: Cedric's dream date - 8.63
           2000 - Anheuser-Busch: Rex the Dog recalls his worst day - 8.09
           1999 - Anheuser-Busch: Separated at Birth - 8.01
           1998 - Pepsi: Flying Geese - 9.08
           1997 - Pepsi: Dancing bears - 8.22
           1996 - Pepsi: On security camera, Coke driver nabs Pepsi - 9.42
           1995 - Pepsi: Boy gets sucked into bottle - 9.66
           1994 - Pepsi: Chimp escapes lab, hits the beach - 9.34
           1993 - McDonald's: Jordan and Bird shoot hoops - 9.00
           1992 - Nike: Bugs Bunny and Michael Jordan team - 8.51
           1991 - Diet Pepsi: Ray Charles' new jingle catches on - 8.52
           1990 - Nike: Famous announcers call imaginary game - 8.17
           1989 - American Express: Dana Carvey and Jon Lovitz travel to the
                  Super Bowl - 7.52.

USA TODAY is the nation's top-selling newspaper. It is published via satellite at 34 locations in the USA and at four sites abroad. With a total average daily circulation of 2.3 million, USA TODAY is available worldwide. USA TODAY is published by Gannett Co., Inc. (NYSE: GCI). The USA TODAY brand also includes: USATODAY.com, an award-winning news and information Web site that is updated 24 hours per day; USA TODAY Sports Weekly, a magazine for enthusiasts of college and professional football and baseball; USA TODAY Mobile, offering up-to-the minute news and information on a variety of mobile platforms and devices; and USA TODAY LIVE, the television arm of the USA TODAY brand that brings the spirit and quality of the newspaper to television.

Sunday, February 1, 2009

NEWSWEEK International Editions: Highlights and Exclusives, February 9, 2009 Issue

COVER: Obama's Vietnam (All Overseas Editions). National Security Correspondent John Barry and Editor-at-Large Evan Thomas lay out the growing parallels between the war in Afghanistan and our long struggle in Vietnam. "The parallels are disturbing: the president, eager to show his toughness, vows to do what it takes to 'win.' The nation that we are supposedly rescuing is no nation at all but rather a deeply divided, semi-failed state with an incompetent, corrupt government held to be illegitimate by a large portion of its population," Barry and Thomas write. "The enemy is well accustomed to resisting foreign invaders and can escape into convenient refuges across the border. There are constraints on America striking those sanctuaries. Meanwhile, neighboring countries may see a chance to bog America down in a costly war. Last, there is no easy way out. "

http://www.newsweek.com/id/182650

(Photo: http://www.newscom.com/cgi-bin/prnh/20090201/NYSU002 )

A Turnaround Strategy. Newsweek International Editor Fareed Zakaria offers a four-step plan to help fix the situation in Afghanistan. Zakaria argues that we need to rethink our military strategy -- focusing more on securing the roads and major population centers -- and help clean up the Kabul government. "Reduced to its simplest level, the goal of American policy in Afghanistan should be to stop creating accidental guerrillas," Zakaria writes. It should make villagers "see U.S. forces as acting in their interests." But, most importantly, we need to make a distinction between Al Qaeda and the Taliban -- were elements of the Taliban to abandon Al Qaeda, we would not have a pressing national-security interest in waging war against them.

http://www.newsweek.com/id/182651

The Revenge Of The Near. Special Correspondent Sunil Khilnani reports that despite initial reports that the Mumbai attacks were "India's 9/11," the analogy didn't hold. While there were some similarities, the comparison oversimplified a situation whose implications are potentially much more threatening for India than those faced by the United States. September 11 was an attack by men from afar, whose message had little resonance with Americans. The Mumbai attackers came from next door, the world's largest Islamic republic and the chief global exporter of radical Islam. Unlike 9/11, the Mumbai attacks linked together two intricate causal currents --one reaching deep into India's own society, the other spilling out into the region and beyond.

http://www.newsweek.com/id/182538

The Coming Trade Wars. "It's hard to find a top economic official, economist or global business leader who doesn't recognize today's heightened dangers of protectionism," writes Jeffrey E. Garten, the Juan Trippe professor of international trade and finance at the Yale School of Management. "But rhetoric will not prevent a trade war, which is now, I believe, more likely that it has been at any time since the early 1970s." He writes that steady trade liberalization was in jeopardy even before the current financial and economic meltdown. For a few years now, prominent economists were raising warning flags that support for free trade was being eroded by the perception that trade was contributing to ever-greater income inequalities. "Now, however, the collapse of the global banking system, a deepening global recession . . . and the massive intrusion of governments into national economies -- a trend that can't help but politicize economic policy decisions -- have all added fuel to the fire.

http://www.newsweek.com/id/182539

INTERVIEW: Gideon Gono, Governor of Zimbabwe's Reserve Bank. Gono tells Newsweek that the sanctions against his country are more to blame for his country's collapse than him personally. "The West wants you to think it's because of mismanagement. But sanctions have had a devastating effect on the country. I cannot think of any genocide that is worse than that. By their very nature, sanctions are supposed to induce fear. It's like terrorism. It's callous."

http://www.newsweek.com/id/182541

How Japan Could Save the World. Tokyo Bureau Chief Christian Caryl reports that although Japan has become the Hamlet of Asia, endlessly fretting about its waning world influence while failing to do much about it, there is reason for hope. In some cases, such as piracy, Japan has already made real contributions to global problems -- and hinted at a way forward on other issues. Later this year, if the opposition Democratic Party of Japan (DJP) wins the election and forms the next government, it will face a remarkable opportunity to launch bold new initiatives. And if the DJP does start tackling international problems, it will find it has plenty of resources at its disposal, starting with the Japanese economy.

http://www.newsweek.com/id/182542

France Goes Postal. Special Correspondent Tracey McNicoll reports on the growing popularity of Olivier Besancenot, a radical leftist with a penchant for Trotsky and Che Guevara and a platform that includes forbidding layoffs, boosting the minimum wage by one third, and giving everyone a euro 300 net raise. With bank nationalization suddenly a real point of discussion in the United States, Great Britain and elsewhere, Besancenot is taking things a step further. He wants the state to expropriate banks and insurance companies, bankrupt or not, to create a giant public banking service run by the people. Anywhere but France, the cartoonish spokesman of the Communist Revolutionary League, a Trotskyite political party, would be relegated to the fringe. But in France, Besancenot, a postman in his day job, is a star. And he has become the country's most influential opposition figure.

http://www.newsweek.com/id/182543

WORLD VIEW: Beware the European Street. Denis MacShane, a Labour M.P. and a former minister of Europe in Britain, writes that while everyone knows about the "Arab street," to which most policymakers listen with care, now may be the time of the European street. "More and more disenchanted citizens are deciding that the politics of the streets make more sense than their ruling politicians," MacShane writes. "Europe's elite may have just made its annual pilgrimage to Davos, but no one is listening to the incantations from the Swiss Alps. Instead, the European public has staged angry demonstrations in more and more countries."

http://www.newsweek.com/id/182540

THE LAST WORD: Mohamed ElBaradei, director of the International Atomic Energy Agency. During the World Economic Forum in Davos last week, ElBaradei spoke to Newsweek's Special Diplomatic Correspondent Lally Weymouth and defended himself against claims by several Bush administration officials and some nonproliferation experts that he soft-pedaled criticisms of Iran's nuclear program in order to avoid justifying a U.S. military attack on that country. "This is a complete misunderstanding," ElBaradei says. "We have done as much as we can do in Iran to make sure that we understand the history and the present status of their [nuclear] program, to try to push them as far as we can, within our authority, to come clean ... Iran has a technical aspect and a political aspect. The technical aspect is our part of the job. The political aspect is the dialogue to build confidence and trust. I have said for the past six years the policy of building trust between the West -- the United States in particular -- and Iran has failed completely. We haven't moved one iota."

http://www.newsweek.com/id/182525

/PRNewswire -- Feb. 1/

American Media Successfully Completes Financial Restructuring

NEW YORK, Feb. 1 /PRNewswire/ -- American Media Operations, Inc. (the "Company") announced today it had completed its financial restructuring with the successful completion of the cash tender offers for its outstanding senior subordinated notes (the "Tender Offers") and receipt of requisite consents in the related consent solicitations (the "Consent Solicitations") in respect of an aggregate of approximately $570 million of its outstanding senior subordinated notes, consisting of (1) $414,544,000 aggregate principal amount of 10 1/4% Series B Senior Subordinated Notes due 2009 (collectively, the "2009 Notes") and (2) $155,454,000 aggregate principal amount of 8 7/8% Senior Subordinated Notes due 2011 (collectively, the "2011 Notes" and, together with the 2009 Notes, the "Existing Notes").

The Tender Offer and Consent Solicitation expired at 8:00 a.m., New York City time, on January 29, 2009 (the "expiration time"). Approximately 96.6% of the 2009 Notes and 95.2% of the 2011 Notes were validly tendered and accepted for payment and consents were delivered with respect to all such Existing Notes. Holders who tendered 2009 Notes received total consideration equal to $807.56 for each $1,000 principal amount of 2009 Notes validly tendered and not validly withdrawn. Holders who tendered 2011 Notes received total consideration equal to $756.32 for each $1,000 principal amount of 2011 Notes validly tendered and not validly withdrawn.

The Company also received the requisite consents in the related Consent Solicitations in order to execute and deliver the supplemental indentures to effect the proposed amendments to the Existing Notes and the indentures pursuant to which the Existing Notes were issued.

The Company also completed today its private placement of $21,245,380 of 9% Senior PIK Notes due 2013 and $300,000,000 of 14% Senior Subordinated Notes due 2013 and the Company's parent, American Media, Inc. ("AMI") completed its offering of 5,694,480 shares of its common stock.

With the successful completion of these transactions, the Company's bondholders now own 95% of AMI's common stock and the Company's debt has been reduced by $227.2 million.

The Company's Chairman and CEO David J. Pecker said, "This is a major step forward for American Media. We now have the capital structure in place to strategically, financially and operationally fully realize the potential of our brands. We will continue to balance our future investments with a disciplined financial mindset to maximize the return for our company."

This release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities.

About American Media, Inc.

American Media, Inc. is the leading publisher of celebrity journalism and health and fitness magazines in the U.S. These include Star, Shape, Men's Fitness, Fit Pregnancy, Natural Health, and The National Enquirer. In addition to print properties, AMI owns Distribution Services, Inc., the country's #1 in-store magazine merchandising company.

This press release contains "forward¿looking statements," within the meaning of the federal securities laws that involve risks and uncertainties. All statements herein that address activities, events or developments that AMI or AMOI expect or anticipate will or may occur in the future, including estimates of financial performance and such things as business strategy, measures to implement strategy, competitive strengths, goals, references to future success and other events, are generally forward¿looking statements.

AMI's actual results may differ materially from its estimates. Whether actual results, events and developments will conform to AMI's expectations is subject to a number of risks and uncertainties and important factors, many of which are beyond AMI's control. Among the risks and uncertainties which could cause AMI's actual results to differ from those contemplated by its forward¿looking statements are the risk that AMI may not be able to refinance its debt; AMI may not be able to successfully develop its magazine operations so that they continue to generate sufficient cash flow to enable AMOI to meet its obligations under its senior credit facility and bond indentures, including the financial covenants under its senior credit facility; AMOI may not be able to comply with covenant requirements in its agreements with its lenders and in its indentures; AMOI may not be able to implement and maintain an effective system of internal controls over financial reporting; actions of rating agencies; industry and general economic conditions; AMI may not be able to realize its expected benefits from cost savings and revenue enhancement initiatives; and the risks and uncertainties contained in AMOI 's periodic reports filed with the Securities and Exchange Commission. Consequently, all forward¿looking statements made herein are qualified by these cautionary statements and there can be no assurance that the results, events or developments referenced herein will occur or be realized.

All-Star Super Bowl Party

BEVERLY HILLS, Calif., Feb. 1 /PRNewswire/ -- Publisher Phoenix Books will host its 4th annual Super Bowl event at Wolfgang Puck's Spago, Beverly Hills. A tradition once started by Pierre Cossette, this event is guaranteed to be the hottest Super Bowl party in the country.

The Super Bowl bash will celebrate Phoenix Books' relationship with its predominantly high-profile authors and narrators, including Robert Evans, Larry King, Bill Maher, Omarosa, Gene Simmons and Shannon Tweed, Carl Reiner and Eliot Tiegel, all of whom have accepted to attend. Also expected at the event are Robert Blake, Susan Estrich, Buzz Aldrin, Rosey Grier and Alexandra Ambrosio.

Phoenix's upcoming and recent releases include: Breakshot by Matthew Randazzo and Kenny "Kenji" Gallo, Duchess of Death: The Biography of Agatha Christie by best-selling author Richard Hack, Gallo Be Thy Name by Jerome Tuccille, Just Desserts by Carl Reiner, Overexposed: The Price of Fame by Eliot Tiegel and Shattered Dreams by Michael Viner.

In the last year, Phoenix Books has seen considerable growth under the ownership and leadership of Chairman Dwight D. Opperman, CEO and President Michael Viner and Executive Vice President Julie Chrystyn.

In June 2008, Phoenix was pleased to announce the arrival of publishing veteran, Gray Peterson, VP of Sales and Marketing. Since his addition to the company, Peterson has spearheaded several innovative and lucrative projects, introducing a children's division currently in development and content-friendly Dove Books, Inc., which will feature two releases this March, The Secret to Life Transformation by Julie Chrystyn and Life Between the Keys by classical music's newest phenomenon, The 5 Browns.

In March, Phoenix will release a new book and audio about two of the biggest headline-grabbing figures in today's news: Catastrophe: The Story of Bernard L. Madoff, The Man Who Swindled the World, which will be the first of five competing biographies about the notorious Ponzi-scheme mastermind to hit stores, and The Obama Revolution, an in-the-trenches look at Obama's campaign, ascent to power, and plans for the future, which offers a "Generation Change"-inspired take on how Obama will bring hope and change to America.

Aurora St. Luke's Among Top 100 Hospitals to Work for Says Nursing Professionals Magazine

MILWAUKEE, Feb. 1 /PRNewswire/ -- Aurora St. Luke's Medical Center has been named one of the "2009 Top 100 Hospitals to Work For" by Nursing Professionals magazine.

The top 100 list acknowledges hospitals that strive to include nurses at all organizational levels in order to effectively serve patients' best interests.

Mary O'Brien, chief administrative officer for Aurora St. Luke's, was pleased with the recognition.

"Nurses are critical to patient care at the bedside and in the board room," O'Brien says. "At Aurora St. Luke's we understand that they are key to creating a healing environment that is safe, caring and effective."

The magazine surveyed 25,000 randomly selected hospital nurses nationwide to measure their job satisfaction. The survey asked questions such as how strong is the nursing voice within the hospital, does the hospital offer flexible working arrangements and how well the hospital manages personal training and development.

Nursing Professionals is a new magazine for nursing students that focuses on nursing and work/life issues.

Aurora Health Care is a not-for-profit Wisconsin health care provider and a national leader in efforts to improve the quality of health care. Aurora offers care at sites in more than 90 communities throughout eastern Wisconsin.