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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
Opening weekend deer hunt number downSubmitted: 11/23/2014

RHINELANDER - Hunters from all over got out on opening weekend to enjoy the start of gun hunting season.

But this year's opening weekend hasn't been as successful as last year's.

About 103 total deer were registered on opening day.

DNR workers say that number is actually down 25% from last season, and that downward trend is continuing into Sunday.

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Bottled milk makes a comback in Crandon Submitted: 11/23/2014

CRANDON - Not many people buy bottled milk anymore. But a locally owned store in Crandon recently brought it back.

"Grandpa sold bottled milk in 1935 when he came to Crandon and for many years after that,"

Now third generation Jay Schaefer is continuing the tradition at Schaefer's IGA in Crandon.

He's selling another locally owned business product on his shelves.

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DNR announces new wetland restoration planSubmitted: 11/23/2014

MADISON - The state Department of Natural Resources and federal environmental officials have developed a new plan to promote wetland restoration.

Currently the DNR requires parties that get permits to fill in wetlands to offset the impact by either restoring wetlands elsewhere or by purchasing credits from banks established by other entities that have done restoration work.

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Wisconsin gun hunt beginsSubmitted: 11/22/2014

MADISON - A Wisconsin tradition is continuing as the state's nine-day gun deer hunt gets underway.

The season opens as the sun rises Saturday and will run through Nov. 30. Forecasts for opening weekend called for freezing rain and fog with highs ranging from the upper 30s to the low 40s both days.

As of Wednesday the state Department of Natural Resources had sold 615,644 licenses, about 15,400 fewer than at the same point last year. The agency sold 635,165 licenses in all last year.

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Snow, warmer temperatures lead to successful hunting opener in parts of NorthwoodsSubmitted: 11/22/2014

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MERRILL - Northwoods hunters seemed to love the combination of warmer temperatures, light winds, and snow cover for Saturday's opener of the gun deer season.

In parts of the area, that led to day-one success for hunters.

This year, Northwoods counties are buck-only hunting counties.

Successful hunters brought those bucks to registration stations and told their stories.

Hunters liked what they saw in the woods and fields.

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Steps to prepare for freezing rain Submitted: 11/22/2014

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NORTHWOODS - We could see freezing rain in the Northwoods Sunday. If we do, leaders in Oneida County want people to be prepared.

The Oneida County Emergency Management director says it's hard to tell when the roads are slippery. So they want you to take your time on the roads and on the sidewalks.

"Freezing rain, a lot of times you can't tell that it's actually frozen. The ground is frozen," said Oneida County Emergency Management director Ken Kortenhof. "So even when you're walking on your sidewalks, stuff like that, be careful not to slip. Make sure if you have salt you can salt your sidewalks so you don't have problems there as well."

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Empty Bowls event fills Rothschild with soup, hopeSubmitted: 11/22/2014

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ROTHSCHILD - The Rothschild Pavilion couldn't easily hold the huge number of people on Saturday who wanted something simple " soup.

Lines snaked out the door for the 7th annual Empty Bowls event.

Everyone who tried one of 41 different soups will help fight hunger for others in northcentral Wisconsin.

"It's a true reflection of the caring quality of Marathon County," said The Neighbors' Place Executive Director Tom Rau.

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