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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


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
Torgerson pleads not guilty for murder & disappearance of Stephanie Low; more information about informants Submitted: 11/26/2014

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WAUSAU - The case against a Wausau man facing murder charges will move forward. Thirty-five-year-old Kristopher Torgerson pled not guilty in court during his preliminary hearing Tuesday.

Torgerson didn't admit to the murder in September, but he led police to Stephanie Low's burial site in the woods of Forest County. She had been missing for nearly four years.

Torgerson faces charges of intentional homicide, armed robbery, and hiding a body related to Low's disappearance and death.

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Representative Bill Kramer sentenced for sexual assaultSubmitted: 11/26/2014

MADISON - Representative Bill Kramer will spend five months in jail.

Kramer was sentenced to sexual assault charges yesterday.

The former Assembly majority leader agreed to a plea deal earlier this year.

That was for two misdemeanor counts of fourth-degree sexual assault.

A criminal complaint says Kramer groped a woman outside of a tavern in 2011.

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Lawsuit filed claiming magazine subscription scamSubmitted: 11/26/2014

MADISON - The state Department of Justice has filed a lawsuit against two Oregon-based publishing groups alleging they ran a subscription scam targeting the elderly.

The DOJ filed the lawsuit Tuesday in Madison.

It alleges Liberty Publishers Service and Orbital Publishing Group sent invoices to nursing home residents and the elderly warning them to renew their subscriptions to periodicals such as the Milwaukee Journal Sentinel but charged far more than the actual cost.

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After Ferguson, focus on body cameras for officers; many departments in Northwoods already use themSubmitted: 11/25/2014

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TOMAHAWK - On Monday, a grand jury in Ferguson, Missouri refused to indict police officer Darren Wilson in the shooting death of Michael Brown.

After that decision, Brown's family urged all police departments in America to start using body cameras to document situations.

A camera recording in the Michael Brown shooting could have given us a better sense of what happened.

We wanted to know if Northwoods police departments think body cameras are a good idea.

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Newswatch 12 reports: Teen birth rate drops in the United States, still higher than other countries; Sexual education could decrease rate even moreSubmitted: 11/25/2014

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WISCONSIN - Teen birth rates dropped significantly across the country in the past few years.

Despite the decline, the United States still has the highest teen birth rate compared to other developed countries.

There are many reasons the rate is going down, and there could be many explanations to why the U.S. is behind other countries.

Education could decrease the rate even more.

That could prevent more people from having to go through the difficulties of being a teen parent.

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Holiday Shopping- Why some stores open on ThanksgivingSubmitted: 11/25/2014

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WAUSAU - Thousands of holiday shoppers will head to stores and businesses this week.

This Friday is Black Friday and lots of people want to get to stores early for the best holiday deals.

But some businesses are opening a little earlier.

Almost 30 stores at Wausau Center Mall will open at 6 p.m. on Thanksgiving.

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Students donate 2,000 pounds of food, get to dye teachers' hairSubmitted: 11/25/2014

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RHINELANDER - Teachers at one Northwoods school wanted to encourage their students to give back to the community in time for Thanksgiving. They did that by offering up their hair.

Students at Zion Lutheran School in Rhinelander got to see two of their teachers dye their hair some of the colors of the rainbow on Monday. That's because students donated 2,000 pounds of food to a local food pantry.

Two students and a teacher also used the occasion to cut their hair for Locks of Love.

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