IP Closes Another Mill...Wake-up Call for the Office, Commercial Printing Industry

International Paper sees a fundamental shift in the demand for uncoated paper in North America. The company stated as part of the Courtland announcement that “the demand for uncoated freesheet in North America has been in decline since 1999 and has recently accelerated as consumers continue to switch to electronic alternatives such as online publications and electronic billing and filing.”

This comment is very similar to the answer Staples management gave a few weeks ago when explaining disappointing 2Q 2013 earnings.