Meredith, now the nation’s largest magazine publisher, will slash magazine frequency and circulation levels and close print titles if a proposed 40 percent hike in postal rates over the next five years takes hold, its chief executive Thomas Harty said. The Postal Regulatory Commission is proposing price hikes from 34 to 41 percent for second-class mail, known as periodicals class. A vote is expected this spring. “The proposed increased for the periodical class will require Meredith to pursue magazine closures, circulation cuts, issue frequency reductions, conversions to digital-only formats and alternate delivery for some magazine subscription copies,” Harty said in testimony submitted to the PRC. Click Read More below for additional information.
Barnes & Noble, Inc. (NYSE: BKS), the world’s largest retail bookseller, today announced that it collected approximately 1.2 million books during its 2018 Holiday Book Drive program. The books are being donated to more than 630 local charities across the country that provide services to children.
The donation was made possible through the generous support of Barnes & Noble customers, who purchased books for donation at Barnes & Noble bookstores nationwide between November 1, 2018, and December 31, 2018. Community partners are distributing the books collected to hospitals, schools, literacy organizations and social service organizations.
“The annual Holiday Book Drive is something that our booksellers and customers look forward to every year because it has such a positive impact on the lives of children in need in their local communities,” said Tracy Vidakovich, Vice President of Business Development at Barnes & Noble. “Our customers recognize the importance of reading in the lives of children and their enormous generosity gives kids of every background the chance to read, discover and learn.”
Every Barnes & Store across the country participates in the Book Drive with local recipients including: Big Brothers Big Sisters; the YMCA; Salvation Army; First Book; children’s hospitals from around the country; Ronald McDonald House; Head Start; United Way; various school districts, schools and public libraries; and hundreds of other deserving organizations.
In addition, during the holiday season, Barnes & Noble once again made its annual donation to the Marine Toys for Tots Foundation with more than $250,000 worth of products in the New York City and Reno, NV areas. The donation included books, toys, games, puzzles, and collectibles, which were all distributed by the Marine Corps to families in need.