New chairman of the House Oversight and Government Reform Committee Jason Chaffetz (R-UT) was not happy as he faced down the biggest perpetrators of governmental abuse in a hearing yesterday. “You can try to put lipstick on this pig, but the reality is, it is ugly. To get on this list, you have to be engaged in waste, fraud, and abuse in excess of a billion dollars a year,” he said to Gene Dodaro, comptroller general of the Government Accountability Office, which compiles the “High-Risk” list, and representatives from the top five agencies on it. The U.S. Postal Service was not one of those ugly, chosen few, but it was one of 30 governmental entities on the list nonetheless because, said the GAO report released this week, it "continues to be in a serious financial crisis, with insufficient revenues to cover its expenses and financial obligations." Here are the risk factors named by GAO, a succinct portrait of the Postal Service's sorry situation: •A 27% decline in mail volume to 155 billion pieces from a peak of 213 billion in 2006; •An even steeper, 35%, nose-dive for USPS's most profitable product, First-Class Mail; •Unfunded liabilities of about $102 billion—$87 billion of it for payments in pension and retiree health benefits and workers' compensation liabilities, the rest in outstanding debt to the U.S. Treasury; •Statutory limitations on taking action to reduce its financial pressures, such as moving to five-day delivery;
Bauer Media is to unite its UK magazine operations under the leadership of Paul Keenan, who will be responsible for all of Bauer’s UK and Nordic magazine, radio and digital operations, with immediate effect.
With some 94 magazine brands reaching 8.9 million people in the UK, Bauer Media is the leading UK publisher.
David Goodchild, currently the CEO of H Bauer Publishing, has decided to pursue opportunities outside of the group and will be leaving us on the 13th May.
Says Andreas Schoo, Executive Board Member, Bauer Media Group, “To increase our growth, operational performance and competitiveness we have decided to consolidate our UK and Nordic operations, under the leadership of Paul. This will strengthen our business for the future and enable us to seize new opportunities in these key territories.
Paul Keenan said: “Bauer Media is exceptionally well positioned with a unique set of influential brands living across multiple channels and devices. This multi-media offer makes us a compelling marketing partner for our clients and an exciting and different content creator. I am delighted to have the opportunity to take the business further forward, and to meet the many exciting opportunities that lie ahead”.
Andreas adds: “I would also like to take this opportunity to thank David. He leaves our business in great shape and we wish him all the very best for the future”.
David Joined the Bauer Media Group in 1993 as part of H Bauer’s Publishing distribution team. In 2004 David was appointed CEO of H Bauer Publishing and has led the business to become one of the UK’s most successful publishing businesses.
In 2015 in addition to his UK role, David also led Bauer Media’s APAC operations based in Sydney, running Bauer Media in Australia and New Zealand as well as operations in Hong Kong, Thailand and Singapore during a transformative phase for the business.