Classroom materials will dramatically transition from paper to digital books in the next two years, educators predict, according to a survey from LightSail Education, a K–12 literacy platform that partners with Baker & Taylor. The January 28 report, polling 475 educators, predominantly school and district leaders, also revealed a strong preference for digital libraries over rental models.
Royal Dutch Shell Plc will cut $15 billion of investment over the next three years as the crash in oil prices saw fourth-quarter profit miss forecasts. Shell, the first of the world’s largest oil companies to report earnings following the slump in crude to a five-year low, will defer or cancel about 40 projects worldwide, Chief Executive Officer Ben van Beurden said today. Exploration will also be curtailed.
Updated national average fuel prices and key currency exchange rates.
Operating cash flow increased 25% to $6.84 billion for the trailing twelve months, compared with $5.47 billion for the trailing twelve months ended December 31, 2013. Free cash flow decreased to $1.95 billion for the trailing twelve months, compared with $2.03 billion for the trailing twelve months ended December 31, 2013.
Consolidated sales for the three-month period ended December 27, 2014, were $332 million, as compared to $354 million in the same quarter a year ago. The Company generated a net loss of $62 million or $0.62 per share in the December 2014 quarter compared to net earnings of $2 million or $0.02 per share in the December 2013 quarter. The current quarter results include a non-recurring debt refinancing charge of $37 million and a non-cash loss of $17 million related to the translation of US dollar denominated debt. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $20 million for the three-month period ended December 27, 2014, as compared to adjusted EBITDA of $13 million a year ago and adjusted EBITDA of $29 million in the prior quarter.
Weyerhaeuser Company (NYSE: WY) today reported fourth quarter net earnings attributable to common shareholders of $166 million, or 31 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $43 million, or 7 cents per diluted share, on net sales of $1.8 billion from continuing operations for the same period last year.
The front pocket of an airline seat may seem an unlikely place to find a winning business model, but the slender space in front of the laminated safety card has been a goldmine for the UK publisher Ink Global for the better part of 20 years. "I'm fed up with listening to whiners in the media who talk about the decline of print -- I just don't believe that to be true," says Ink co-founder Michael Keating. "I think inflight magazines actually buck that trend."
Meredith Corporation (NYSE: MDP; www.meredith.com) announced today that it has agreed to a multi-year renewal of its licensing relationship with FTD Companies, Inc., for the Better Homes and Gardens brand.
Meredith Corporation (NYSE:MDP, www.meredith.com), the leading media and marketing company serving more than 100 million unduplicated American women, announced today that it has reached an agreement to acquire Shape magazine and the digital assets of the Shape, Natural Health, and Fit Pregnancy brands from American Media (AMI).
Meredith Corporation (NYSE:MDP; www.meredith.com), the leading media and marketing company serving more than 100 million American women, today reported fiscal 2015 second quarter earnings per share grew 30 percent to $0.87 compared to $0.67 in the prior-year period. Total revenues rose 13 percent to $399 million, including 25 percent growth in advertising revenues.