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NEWS STORIES

Wausau Paper's largest shareholder calls for management overhaul and move, or saleSubmitted: 01/19/2014

Lauren Stephenson
5 p.m. Anchor/Reporter
lstephenson@wjfw.com

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MOSINEE - Wausau Paper's largest shareholder, Starboard Value LP, wants the company to replace management or consider selling the company.

Starboard owns more than 15% of Wausau Paper's stock.

It publicly released a 10-page letter outlining its suggestions to board members Friday.

The letter criticizes current management for "ignoring shareholder concerns" and the company's "prolonged underperformance under the direction of the current management team and Board."

In the letter, Starboard's CEO Jeffrey Smith says Wausau Paper's board "has been more intent on lining the pockets of management."

He says the board spent $250 million to restructure its printing and writing business.

Starboard suggested they sell it.

Wausau Paper did finally sell the two specialty printing mills in Rhinelander and Mosinee to KPS Capital Partners LP last summer.

But Starboard CEO Jeffrey Smith said they should have sold a year earlier when the business was worth more.

Starboard claims management refuses to move headquarters from Mosinee even though "Wausau's Tissue business, which now represents 100% of revenue, operates entirely out of Kentucky and Ohio."

Wausau Paper just invested $220 million into its facility in Kentucky.

Starboard argues the management should move there to oversee the operations.

The letter also nominates three people directors to the Wausau Paper board.

One of those nominees is Starboard CEO Jeffrey Smith.

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 IN OTHER NEWS
What We're Working OnSubmitted: 10/22/2014

- Oneida and Lincoln are among 19 counties statewide that will ask voters if Wisconsin should accept federal money to expand BadgerCare. We'll look at the question tonight.

- Cooler temperatures helped the state use less water in 2013 than it did in 2012. The state DNR found Wisconsin's groundwater and surface withdrawals dropped by 6 percent from the year before.

- And practical shooting gives people the chance to practice in real-life situations. You can find a number of teams across Wisconsin. We'll take a look at one group in Rhinelander and how the sport helps them practice, and build friendships. That's tonight on Newswatch 12 at Six.

We'll have the details on these stories and more tonight on Newswatch 12 - news from where you live.

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Northwoods farmers behind on corn harvestSubmitted: 10/22/2014

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ANTIGO - Some corn farmers in Wisconsin need to catch up on harvesting.

One Northwoods farmer is about 2 weeks behind this year.

But that doesn't necessarily mean the worst.

Dairy farmer Butch Maly in Antigo wishes his corn season started a few weeks earlier.

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Volunteers needed for new community warming centerSubmitted: 10/22/2014

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MERRILL - The first community warming center in Merrill is set to open in less than two weeks. However, Merrill Area United Way organizers still need volunteers to help manage the center.

The group recently re-fit the former Lincoln Community Bank Drive-Thru on W. Main Street in Merrill to serve as the center. It will help homeless people stay warm from November to April at night. The Lincoln County Homelessness Task Force reported more than 20 homeless living in the area as recently as July.

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Northwoods Parish raising money for school, church upgradesSubmitted: 10/22/2014

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RHINELANDER - A Northwoods Parish wants to raise at least two million dollars to renovate its schools and church.

Nativity of Our Lord Catholic School needs technology and infrastructure upgrades. One of the school's buildings hasn't been updated since the 1950s.

School leaders think it's important to also upgrade the school's wireless ability. The school has SmartBoards, iPads, and laptops, but they want the equipment to work better.

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Gun deer hunt brings business to the Northwoods, some worry new rules could affect tourismSubmitted: 10/22/2014

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NORTHWOODS - Some Northwoods businesses worry that new deer hunt regulations could hurt tourism.

The gun deer hunt brings traffic to area businesses after the summer is over.

But new rules could keep people from traveling up north.

"Several guests have called and some have cancelled because they say that there's not going to be any doe tags being issued in this area," says Hiawatha Lodge owner Scott Frickson.

You can't get an antlerless deer tag in Wisconsin north of Marathon County.
That could lead to less hunting tourism in the Northwoods.

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Asian carp DNA found in Green Bay's Fox RiverSubmitted: 10/22/2014

GREEN BAY - Wisconsin wildlife officials say Asian carp DNA has been found in the Fox River in downtown Green Bay.

The state Department of Natural Resources says a single positive sample for silver carp was identified from 200 samples taken this summer in the Fox, a tributary of Lake Michigan.

The discovery by the U.S. Fish and Wildlife Service was in the heart of the city, and was part of a survey that started at the mouth of the river and ended about five miles upstream.

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Northwoods Parish raising money for school, church upgradesSubmitted: 10/22/2014

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RHINELANDER - A Northwoods Parish wants to raise at least two million dollars to renovate its schools and church.

Nativity of Our Lord Catholic School needs technology and infrastructure upgrades. One of the school's buildings hasn't been updated since the 1950s.

School leaders think it's important to also upgrade the school's wireless ability. The school has SmartBoards, iPads, and laptops, but they want the equipment to work better.

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