Feb 27, 2009. /Lesprom Network/. NewPage Corp. saw its net income fall in the 4Q with a loss of $42 million, compared to net income loss of $4 million in the same period of 2007, as Dayton Business Journal informed Lesprom Network. For the year, the Miamisburg-based paper company reported a loss of $117 million in net income, down from a loss of $8 million in 2007. Net sales for the quarter were $977 million, compared to $652 million in the same period, 2007. For the year, the company reported net sales of $4.35 billion, compared to $2.2 billion in 2007. The rise in sales was helped by the acquisition of Stora Enso North America in late 2007. NewPage CEO and Chairman Mark Suwyn said the economy played a factor in the decrease in demand. “The markets for our products fell markedly in the third and fourth quarters of 2008 as rising uncertainty over the direction of the economy halted or slowed much of the advertising spend,” Suwyn said in a news release. To help the company handle the downturn, NewPage has a number of efforts it is implementing to further reduce costs. Some of those efforts include freezing wages, eliminating bonuses for senior leaders and curtailing hiring. NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Nova Scotia and Wisconsin.