Meredith/Amex slashes staff, ends print of Departures and Centurion mags (nypost.com)

The budget battle is a long way from over, but so far Congress appears not to share President Trump’s desire to eliminate the Institute of Museum and Library Services, or the National Endowments for the Humanities, or the Arts. On Wednesday, the full House Appropriations Committee voted to approve FY2018 funding for libraries. By a 28-22 margin, the committee approved the Labor, Health and Human Services, and Education (LHHS) funding bill, which proposes roughly $231 million for the Institute of Museum and Library Services (IMLS)—including $183.6 million for Library Services and Technology Act (LSTA) programs, and $27 million for the Department of Education’s Innovative Approaches to Literacy (IAL) program—essentially at 2017 funding levels. A post on the ALA Washington Office’s District Dispatch e-newsletter, said the “successful and extremely important" full Appropriations Committee vote represents another "major milestone" in the ALA’s Fight for Libraries! Campaign—but acknowledged there are hurdles still to come. Click Read More below for more of the story.

*GAAP Results: Revenue of $515 million (-3% vs. prior year), Operating Income of $57 million (-22% vs. prior year), and EPS of $0.68 (-31% vs. prior year) *Fiscal 2023 Outlook: Wiley is lowering its revenue outlook at constant currency due to consumer spending and enrollment headwinds in Academic & Professional Learning. Reaffirms full year outlook for Adjusted EBITDA and Free Cash Flow; Adjusted EPS trending to lower end of range mainly due to rising interest expense. “Despite the challenging economic environment, we continue to see good underlying momentum in our core growth areas of Research Publishing, Research Solutions, and Corporate Talent Development,” said Brian Napack, President and CEO. “This quarter’s results were weighed down by difficult market conditions in our publishing lines in Academic & Professional Learning. We are aggressively managing costs to offset these challenges while continuing to scale our growth offerings in line with favorable long-term trends.”

Walmart has committed $5 million in support of Hurricane Maria relief efforts. This builds on the commitments previously announced by Walmart and the Walmart Foundation totaling $35 million to support 2017 hurricane assistance in response to Hurricane Harvey and Hurricane Irma. Walmart operates 45 retail facilities in Puerto Rico, which includes two distribution centers and a satellite headquarters, supported by nearly 15,000 associates across the Island. The $5 million commitment will support organizations helping with local relief efforts supporting those in need. Click Read More below for additional detail.