At Harvard Business Review, Paid Circulation Surges For a Second Straight Year (folio.com)

After Harvard Business Review kicked off 2017 by reducing its print frequency to bimonthly—eliminating 40 percent of the issues offered in a $99 annual subscription—it was a combination of smart positioning, creative new digital benefits, and a heavier investment in the six print issues that remained, which allowed the magazine to end the year with 10-percent more subscribers than it began with. The lack of subscriber outrage around the dramatic shift “was almost hurtful,” editor-in-chief Adi Ignatius quipped to Folio: last August. Another year in, the century-old management magazine has upped its paid circulation by 15,000—according to the latest data from the Alliance for Audited Media—increasing a record-high that now sits at 319,631. Click read more below for additional detail.
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Hearst Acquires Print & Digital Assets of Seven Weekly Newspaper Brands From Hersam Acorn Newspapers, LLC

Hearst announced it has acquired the print and digital assets of seven weekly newspaper brands from Hersam Acorn Newspapers, LLC in Fairfield County, Connecticut, including The Ridgefield Press, The Wilton Bulletin, New Canaan Advertiser, The Darien Times, The Shelton Herald, The Trumbull Times and The Milford Mirror. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Newspapers President Jeff Johnson. The brands will become part of Hearst Connecticut Media Group. With more than 200 journalists, Hearst Connecticut Media Group is now comprised of eight daily newspapers including the New Haven Register, Connecticut Post, Greenwich Time, Stamford Advocate and The Norwalk Hour, and 20 weekly newspapers including the those listed above and the Darien News, Fairfield Citizen, New Canaan News, The Greater New Milford Spectrum and Westport News. The Group manages 29 websites, including sites for all of its news outlets, as well as TowerDigitalAgency.com, CTHouseHunter.com and InGearCT.com, and four magazines, including Connecticut Magazine. Click read more below for additional detail.
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More Signatories Needed! Hill Work on Wayfair Not Done; We Need Your Company’s Name On Urgent Letter to Congressional Leaders

Dear Industry Member: This is quick, easy and will make a major impact, and it won’t cost you a cent. Please, we must have a massive showing. We need every company in the e-com and catalog marketing space to sign on. So if you haven't done so already, take action today. Any of us are happy to discuss. Thank you, Hamilton. Last Thursday, we had a most productive fly-in on Capitol Hill. Those who participated as well as the continued support of those who couldn’t attend have made traction on this issue possible. Based on feedback from Capitol Hill offices, as well as various political considerations, we need your permission to sign your company name to this letter. The lame duck session of Congress (post-election) will be our only chance to get something done this year. The Sensenbrenner bill, in its entirety, may be too large a package to tack onto "must pass" legislation at the end of the year. Rather, a smaller ask is more politically feasible and only needs to have the "sign off" of leadership and support from Members of Congress. Our letter outlines everything we (realistically) hope for. It emphasizes that an implementation date of April 1, 2019, is paramount and that legislation must be enacted before the end of the year or our industry will face severe hardships which we outline. We need to get hundreds of companies listed as signatories to this letter, both members and non-members, catalogers, suppliers and other remote merchants. If you are willing to add your company name, please click here and enter the requested information in the auto-email reply. Deadline: We must hear back from you by close of business this Thursday, October 18th.
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White House Announcement on Universal Postal Union: Statement of Chairman Robert G. Taub

Earlier today(10/17), a statement was issued by the White House Press Secretary regarding President Trump’s receipt of a State Department report pursuant to an August 23rd Presidential Memorandum (https://www.whitehouse.gov/briefings-statements/statement-press-secretary-38/). In light of this, Postal Regulatory Commission Chairman Taub reiterates his previously issued statement of August 23rd. “The anticompetitive nature of the Universal Postal Union (UPU) has concerned the United States Government since the Reagan Administration. The increasingly competitive and commercial nature of the market has exacerbated these long-standing distortions. Yet, little has changed at the UPU. The UPU continues to promulgate agreements that require posts to undercharge for delivery of inbound mail, to insulate postal shipments from full application of national customs laws, and to promote a different legal regime for postal operators and competing private carriers. President Trump’s concurrence today with the State Department recommendation to adopt self-declared rates for terminal dues as soon as practical, and no later than January 1, 2020, is a tremendous step towards finally addressing these distortions on behalf of our fellow Americans – particularly U.S. merchants, U.S. mailers, and U.S. private-sector carriers who are trying to compete fairly in these global markets.
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Pearson 2018 Nine Month Trading Update (Unaudited)

Highlights: On track to meet full year expectations. Total revenues were flat year on year with declines in US Higher Education Courseware offset by the rest of the company growing in aggregate. 2018 adjusted operating profit guidance remains unchanged, reiterating underlying profit growth. Online Program Management (OPM) saw good growth in revenue with global course registrations up 13%. Connections Academy, our K12 virtual schools business, saw good growth in revenue and a new partner school was approved for the 2019/20 school year. In English, Pearson Test of English Academic (PTE Academic) grew test volume by 34%. Professional Certification revenues grew well. Click read more below for additional detail.
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Minnesota Business Magazine To Cease Operations (foliomag.com)

Minnesota Business magazine announced that its November/December edition will be its final issue before ceasing operations. According to a reported statement by executive editor Megan Effertz in Minneapolis/St. Paul Business Journal, the publication’s nine staffers will be reassigned within Tiger Oak Media Inc.—the Minneapolis, Minn.- and Seattle, Wash.-based owner of Minnesota Business—which is the parent company of several other business, bridal, lifestyle, and meeting and events titles including Minnesota Bride and Minnesota Meetings + Events. The brand’s website will shut down at the end of the year. Click read more below for additional detail.
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Grainger Reports Results For The 2018 Third Quarter

Sales increased 7.4 percent in the 2018 third quarter versus the 2017 third quarter, driven by a 7 percentage point increase from volume and 1 percentage point increase in price, partially offset by a 1 percentage point decline from foreign exchange and the impact of hurricanes. Gross profit margin for the quarter was 38.1 percent versus 38.6 percent in the 2017 third quarter. The lower gross profit margin reflects a 50 basis point decline from implementation of a new revenue recognition standard. When normalized for the new standard, gross profit margin for the 2018 third quarter was 38.6 percent, flat to the 2017 third quarter. Click read more below for additional detail.
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Houghton Mifflin Harcourt Supports Communities Impacted by Hurricanes Michael and Florence

For schools directly impacted by Hurricanes Michael and Florence, HMH has created dedicated support channels to address urgent needs and ensure teachers and school leaders are able to focus first and foremost on caring for students. For assistance, customers can call 800-291-2187 between 9 a.m.–6 p.m. ET, or email hurricanerelief@hmhco.com. To aid recovery and rescue efforts, HMH has made a $25,000 donation to the American Red Cross. We have also pledged to donate 20,000 books to the Carolinas and is working with our longtime partner Save the Children on a significant book donation for those in the Florida panhandle – these books will be delivered to schools and childcare centers that have been damaged by the hurricanes to help rebuild their libraries and support long-term needs. HMH employees who have been impacted by the storms have been encouraged to take advantage of our Employee Relief Fund. Click read more below for additional detail.
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Publisher Revenue for Trade Books Increases in August 2018 and Year-to-Date

Publishers’ revenue for trade (consumer) books and PreK-12 Instructional Materials increased in August 2018 compared to August 2017, continuing the trends from the July data which also saw growth in these categories. The increases added $26 million in revenue (+1.2%) for publishers in August 2018, offsetting slight declines in other categories. For the first eight months of 2018 (Jan. – Aug.) trade publishers saw growth in all tracked categories - Adult Books, Children’s/YA and Religious Presses - compared to the same timeframe in 2017. Adult Books added $153 million (+5.2%) for the year-to-date compared to 2017. Overall book publisher revenues were down slightly (-0.6%) through August 2018. These revenues from AAP’s StatShot Monthly Report, which comparatively tracks publisher revenue each month, represent all tracked categories (Trade, PreK-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses). Click read more below for additional detail.
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Hill Work on Wayfair Not Done; We Need Your Company’s Name on Urgent Letter to Congressional Leaders

Dear Catalog & E-commerce Industry Member: Last Thursday, we had a most productive fly-in on Capitol Hill. Those who participated as well as the continued support of those who couldn’t attend have made traction on this issue possible. Based on feedback from Capitol Hill offices, as well as various political considerations, we need your permission to sign your company name to this letter. The lame duck session of Congress (post-election) will be our only chance to get something done this year. The Sensenbrenner bill, in its entirety, may be too large a package to tack onto "must pass" legislation at the end of the year. Rather, a smaller ask is more politically feasible and only needs to have the "sign off" of leadership and support from Members of Congress. Our letter outlines everything we (realistically) hope for. It emphasizes that an implementation date of April 1, 2019, is paramount and that legislation must be enacted before the end of the year or our industry will face severe hardships which we outline. Your Simple Action - We need to get hundreds of companies listed as signatories to this letter, both members and non-members, catalogers, suppliers and other remote merchants. If you are willing to add your company name, please click here and enter the requested information in the auto-email reply. Deadline: We must hear back from you by close of business this Thursday, October 18th.
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