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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
Voters could remove mayor in recall Submitted: 07/29/2014

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CRANDON - People in Crandon could vote a new mayor into office Tuesday night after holding a recall election of current Mayor Rob Jaeger.

The recall comes after a group started collecting signatures in May. The small group lead by Larry Alsteen collected enough signatures for the recall.

The city council needed to order the recall as a formality under Wisconsin law. The council eventually ordered the recall after originally splitting its vote in June.

Cindy Bradley has worked as the Crandon city clerk for 17 years. She says they've seen a steady turnout throughout the day.

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Three Lakes business enjoying a successful first summer in businessSubmitted: 07/29/2014

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THREE LAKES - A Northwoods store offering a little bit of everything calls its first summer in business a success so far.

Three Lakes Mercantile and General Store opened up earlier this summer.

Every inch of the store is covered with something.

The store manager says that it's a "one stop shop" for anything you need.

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Northwoods paddleboard business successful in fourth yearSubmitted: 07/29/2014

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THREE LAKES - The popularity of paddleboarding continues to contribute to the success of a newer Northwoods business.

5 Toes on the Nose Paddleboard Rentals brings paddleboards anywhere in the Northwoods.

We caught up with paddleboard business owner Sarah Weyenberg Tuesday.

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One person dead after being pulled from lakeSubmitted: 07/29/2014

WOODRUFF - Woodruff police want to know what happened to a person who died after ending up in the water.

The Woodruff Police Department was called to Indian Mounds boat landing about 4:30 p.m. Monday.

Two DNR rangers there had pulled an unconscious male from the lake.

Medical personnel at the scene told officers the victim had died, and the coroner was called.

An autopsy will be performed.

No name will be released until the victim is positively identified.


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Hwy 51 closed near IrmaSubmitted: 07/29/2014

LINCOLN COUNTY - Wisconsin State Patrol shut down Highway 51 South near Irma Tuesday afternoon.

An SUV hit a semi around 2:30 Tuesday afternoon. No one was seriously hurt.

Traffic going south was rerouted while traffic going north was fine.

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Act 10, voter ID, domestic registry decisions nearSubmitted: 07/29/2014

MADISON - The Wisconsin Supreme Court plans to rule Thursday in three major cases.

The court is planning to issue its ruling on the collective bargaining changes Gov. Scott Walker and the Republican Legislature approved in 2011, despite massive protests that led to a series of recall elections.

Elements of the law have been upheld by the state Supreme Court and two federal courts already.

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Election voting under way in WisconsinSubmitted: 07/29/2014

MILWAUKEE - Early election voting is underway at city clerks' offices across Wisconsin.

Voters who can't make it to the polls for the primary election next month are able to cast ballots. It's the first election since the Legislature put limits on the process. In-person absentee voting can only be conducted during the two business weeks prior to an election. Voting is to take place from 8 a.m. to 7 p.m. Monday through Friday.

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