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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
One person injured in Rhinelander crash Monday evening Submitted: 09/01/2014

RHINELANDER - A person got hurt during a one car crash near Rhinelander today.

The crash happened on North Shore Drive east of Rhinelander around 4pm.

Only one person was in the car.

The Oneida County Sheriff's Office, Town of Pelican Fire Department and the Oneida County EMS were at the crash.

We don't know the cause of the crash yet.

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State seeks feedback on unemployment insurance systemSubmitted: 09/01/2014

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RHINELANDER - More than 50,000 people in Wisconsin apply for unemployment benefits every week.

Now, the state Department of Workforce Development wants to know how it can improve the unemployment insurance system.

"Our Unemployment Insurance Advisory Council really likes to get out there and hear firsthand from those who deal with that system directly. We're looking for their suggestions and their ideas on what we might do to make the system even better," said Dave Anderson, the Assistant Deputy Secretary for the state Department of Workforce Development.

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Manufacturer to move from Prentice to PhillipsSubmitted: 09/01/2014

PRICE COUNTY - The expansion of Northcentral Technical College's Phillips campus helped persuade one manufacturing company to move closer to the campus.

OEM Fabricators will move its Price County facility from Prentice to Phillips.

All 28 employees will also move to the larger shop, which will focus on welding.

The company's president said the tech college's manufacturing expansion factored into the decision.

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Fewer people at Merrill's Labor Day Car Show because of weather Submitted: 09/01/2014

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MERRILL - You wouldn't find as many people at this year's car show in Merrill compared to years past.

The car show usually gets about 2,000 people each year.

Organizers say they got about half of that this year because of the weather.

The Merrill Lions Club organizes the event.

This is one of the group's biggest fundraisers of the year.

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Kids enjoy candy at Merrill's Labor Day ParadeSubmitted: 09/01/2014

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MERRILL - The rainy weather didn't stop some dedicated people from coming out to Merrill's Labor Day Parade.

People showed up with rain coats and umbrellas to enjoy their favorite floats.

The kids at the parade were looking forward to the candy.

"If there's no candy I'm not coming," says Nicholas Kriegel.

Leila Linnell got a lot of candy at the parade.

"There's a lot of people who just like throw out all this candy. I got three of these gigantic suckers. And it's like awesome," says Linnell.

Click on watch video to see the rest of the story.

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Special chair offers people with disabilities new opportunitiesSubmitted: 09/01/2014

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RHINELANDER - It can be difficult to get around the Northwoods, especially in the snow. For people with physical disabilities, it can seem almost impossible. A new piece of technology changed Bob Simon's life. Now he's hoping to help others with physical disabilities enjoy the outdoors.

"I used to love to hunt and fish," he said.

But when Simon, who is from Rhinelander, lost his legs during a work accident in 2008, he didn't know if he'd be able to enjoy the outdoors again.

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Two photographic exhibits to open next week at ArtStartSubmitted: 09/01/2014

RHINELANDER - The artists paired together in ArtStart's next exhibition couldn't have much different backgrounds.

Next Friday, the Rhinelander gallery will open with two very diverse displays.

"We have two photographic exhibitions opening. One is a solo artist, so the whole gallery will be their work, and the other is an artist who worked with teens as a kind of therapy program, photography and art as therapy," said ArtStart Development Director Melinda Childs.

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