Rebuild Local News Proposes A Public-Private Plan To Save Local Newspapers (mediapost.com)

UPS and the International Brotherhood of Teamsters, the union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement. “Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers,” said Carol Tomé, UPS chief executive officer. “This agreement continues to reward UPS’s full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive, serve our customers and keep our business strong.” The five-year agreement covers U.S. Teamsters-represented employees in small-package roles and is subject to voting and ratification by union members.

Learning technology company HMH has been named a finalist in nine categories for the 2024 CODiE Awards, including “Best Suite of Connected/Integrated Solutions” for its comprehensive core, intervention, assessment and professional learning offerings. Presented by the Software & Information Industry Association (SIIA), the CODiE Awards honor excellence in leading technology products and services, with awards given to products demonstrating innovation, vision and overall industry impact. “At HMH, we are focused on simplifying educators’ lives and creating meaningful learning experiences that improve outcomes for all students,” said Jack Lynch, President and CEO, HMH. “We believe that transformative edtech prioritizes human connection and community by extending teachers’ capabilities so they can focus on what matters most—their students. We are honored to be recognized for our comprehensive and connected solutions.”

Improving trend in Q3 with a strong performance in Global Online Learning; North American Courseware and Global Assessment in line with expectations; and International further impacted by COVID-19 *At the nine months, Group sales declined by 14% largely reflecting the continuing impact of COVID-19 and test centre and school closures in Global Assessment and International, and expected declines in North American Courseware. *Global Online Learning sales grew 14% due to 41% enrolment growth in Virtual Schools for the academic year 2020/2021 and strong sales growth in Online Program Management (OPM) driven by undergraduate and international performance, partially offset by discontinued programs. *Global Assessment sales declined 19% due to the impact of test centre closures in Professional Certification (Pearson VUE), cancellation of spring testing in US Student Assessment and school closures impacting Clinical Assessment. *North American Courseware declined 14% with a stronger adoption performance in the Fall in US Higher Education Courseware and good growth in digital and subscription take up leading to the faster decline of higher priced package and print sales. *International declined 24% due to the impact of COVID-19 and as the associated economic effects intensified in several key markets, predominantly affecting public and private spending on courseware and assessments. *Pearson retains a strong balance sheet and significant financial headroom.