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NEWS STORIES

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

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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.

Story By: Lauren Stephenson

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 IN OTHER NEWS
What We're Working OnSubmitted: 07/23/2014

- EPA workers are inside Lindey Cleaners this week. We look at how the clean-up process is going and what it means for the City of Rhinelander.

- A new type of foundation could give homebuilders a better and more efficient way of building homes. The idea and production of the improvement starts right here in the Northwoods. Coming up on Newswatch 12 you'll hear how the composite panels can help improve living conditions in basements, and how the panels compare to a tradition concrete foundation.

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

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Fourth suspect at large in interstate shootingSubmitted: 07/23/2014

MILWAUKEE - Authorities are looking for a fourth suspect in a shooting on an interstate in Milwaukee County.

Sheriff David Clarke says people in a minivan and another vehicle were shooting at each other in a ``running gun battle'' on Interstate 43 Tuesday afternoon. One vehicle struck the other and the minivan spun into the ditch near Fox Point. Three people in the van were arrested. Authorities say a fourth person left the scene.

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Gardens need some help with large temperature swings in summerSubmitted: 07/23/2014

RHINELANDER - Northwoods heat the past few days forced plants to endure different weather, but you don't need to do extra gardening just because it's hot.

Experts at Hanson's Garden Village in Rhinelander say plants can manage the heat just fine. On hot, sunny days, many plants will wilt, but that doesn't mean they need more water.

"If the soil is moist on a hot day, I wouldn't water more. That's probably more harm. The plant can only take up so much moisture at a time, so I would just hold off on watering," says Sue Hanson, Hanson's Garden Village Co-Owner.

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Man claims he robbed bank to pay off court obligationsSubmitted: 07/23/2014

RICE LAKE - A northern Wisconsin man probably could have found a better way to pay his court obligations.

The 19-year-old Rice Lake man told police he robbed a local bank to get money for court obligations...so he wouldn't go to jail.

The man was arrested last week.

He had been spotted running from the Sterling Bank in Rice Lake.

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Packers coach gets special recognitionSubmitted: 07/23/2014

ASHWAUBENON - The Lambeau Field area boasts Lombardi Avenue, Brett Favre Pass and Donald Driver Way.

Now, Packers coach Mike McCarthy will get his own street name near Lambeau Field.

The Ashwaubenon Village Board voted last night to change part of Potts Avenue to Mike McCarthy Way.

The village will work with the Packers to cover the costs of the address changes.

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Gas station robbed in Stevens PointSubmitted: 07/22/2014

STEVENS POINT - Stevens Point police want to find the man who robbed a gas station last night.

A store employee told police a man came into the Southside B P on Church street just after 9:30 last night.

He demanded cash from the register.

No weapon was seen, but the man kept his hand in his pocket.

He escaped on foot with the money.

Police have not said exactly how much he got away with.

The Portage County K9 unit was brought in to try to track him.

The man is described as being six feet tall with short blond hair.

He was wearing a black hooded sweatshirt and sunglasses.

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Kids compete in annual Worm RaceSubmitted: 07/22/2014

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RHINELANDER - Kids found one of the biggest races of the year in the Northwoods Tuesday.

The Rhinelander District Library hosted their annual worm race.

Teams of two faced off with worms in hand.

Each believing their worm would win the trophy this year.

"ShadowWind is the fastest racer. Because he is never beaten," said 10-year-old Louis Malias.

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