BookExpo and BookCon Are No More (publishersweekly.com)

Increases in sales of e-books and digital audiobooks and higher online sales helped to cushion the financial impact of the Covid-19 pandemic at Penguin Random House, parent company Bertelsmann reported this morning. Total revenue in the first half of 2020 fell 1.4% at PRH from the comparable period a year ago, dropping to €1.63 billion. EBITDA (earnings before interest, taxes, depreciation, and amortization) fell 7.9%, to €209 million. In April, Bertelsmann also acquired the remaining 25% stake in PRH that had been held by Pearson. The U.S. had the best performance among PRH’s international companies, with sales rising 5.2%, to €990 million. “The coronavirus pandemic had a negative impact on the company’s businesses due to the extensive closures of local bookstores,” Bertelsmann reported. “In contrast, the US business demonstrated particular resilience, partially offsetting reductions in other countries.”

McClatchy recorded after-tax non-cash charges of $230.9 million in the third quarter of 2017, leading to a quarterly net loss of $238.9 million, or $31.28 per share. The non-cash charges relate almost solely to a non-cash deferred tax valuation allowance and, to a minor extent, after-tax non-cash impairments on newspaper mastheads and certain equity investments. The loss in the third quarter of 2016 was $9.8 million or $1.30 per share. The company reported an adjusted net loss of $5.9 million, which excludes severance, impairments, the tax-valuation allowance, and certain other items in the third quarter of 2017. The quarterly results compare with an adjusted net loss of $2.1 million a year earlier. Total revenues in the third quarter of 2017 were $212.6 million, down 9.4% compared to the third quarter of 2016. The company estimates that in September, revenues (primarily ad revenues) from its East Coast operations were reduced by approximately $625,000 as a result of Hurricane Irma. Including the revenue impact due to Hurricane Irma, total revenues in the third quarter of 2017 would have been down 9.1% compared to the third quarter 2016. Click Read More below for additional information.

Kohl’s is proud to have been named to the 2020 Dow Jones Sustainability Index (DJSI) North America by S&P Global. This marks the third year in a row the company has received the designation for its sustainability performance and environmental, social and governance (ESG) commitments. “The DJSI’s continued recognition of Kohl’s serves as a reliable indicator of the strength of our ESG stewardship initiatives,” said Steve Thomas, Chief Risk and Compliance Officer for Kohl’s. “We believe that incorporating sustainable solutions into the way Kohl’s conducts business will help to build better futures for our customers, our associates, and their families and we are pleased to be acknowledged for these efforts.”