May Sales Were Soft, AAP Reports (publishersweekly.com)

Inspirit Capital, a UK-based investment firm, has entered into a definitive agreement with Wiley to acquire Wiley Edge (“Edge”), an early-career talent, training and placement business serving global employers. The transaction is expected to close in the first quarter of 2024, subject to satisfaction of customary closing conditions. Edge is an industry-leading provider of Hire, Train, Deploy (“HTD”) talent solutions, supporting multinational employers by sourcing, training and deploying high-potential entry-level talent on a contract-to-hire basis. Currently operating in 11 countries, the business plays an important role in addressing the enduring global skills gaps in high-demand areas of technology and business. Edge has a leading recruitment and selection operation, with access to diverse talent around the globe, and delivers bootcamp-style courses through its Academy. In addition to its core early-career HTD services, Edge also offers tailored training programs to reskill clients’ existing workforces, enhancing employee retention and helping employers address internal skill gaps in an increasingly competitive global labor market.

Hearst, one of the nation's largest diversified media, information and services companies with more than 360 businesses, announced today that Beth Buehler has been named vice president of operations, a new role. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Chief Operating Officer Mark Aldam. Buehler begins her new role on July 2 and will report to Aldam. “Beth’s experience leading operations and strategy across business functions will be instrumental in our efforts to collaborate more effectively across the corporate boundaries and bring more value to each of our operating teams,” Aldam said. “Beth was a key contributor during the integration of Rodale into Hearst earlier this year and she will be a great partner to our leaders across the company.” Click Read More below for additional information.

THIRD QUARTER SUMMARY: GAAP Results: Revenue of $516 million (+7%), Operating Income of $46 million (+34%), and EPS of $0.63 (+62%) NINE MONTHS SUMMARY: GAAP Results: Revenue of $1,537 million (+9%), Operating Income of $161 million (+20%), EPS of $1.86 (-2%), Cash Provided by Operating Activities of $158 million (+2%)