The Association of American Publishers (AAP) today released its StatShot report for January 2023 reflecting reported revenue for Trade (Consumer Books), Higher Education Course Materials, and Professional Publishing. Total revenues across all reported categories for January 2023 were up 3.5% as compared to January 2022, coming in at $1.3 billion. Trade (Consumer Books) sales were up 3.1% in January, coming in at $754.9 million. In terms of physical paper format revenues during the month of January, in the Trade (Consumer Books) category, Hardback revenues were up 0.3%, coming in at $264.0 million; Paperbacks were up 7.0%, with $276.9 million in revenue; Mass Market was down 35.7% to $12.4 million; and Special Bindings was down 2.1%, with $15.6 million in revenue.
Today the Postal Regulatory Commission submitted its FY 2021 Annual Report to the President and Congress. The Commission is required by statute to address information concerning the agency’s operations, including the extent to which regulations are achieving the objectives of the Postal Accountability and Enhancement Act. The Commission’s report must also include an estimate of the costs incurred by the Postal Service to provide certain services that the Postal Service would not otherwise have provided except for the requirements of the law, and further presents an estimate for the value of the postal monopoly.
The Commission’s Annual Report also reflects the work it has done throughout the year as it continues to advance its mission to provide transparency and accountability of Postal Service operations. In addition to reviewing and approving planned rate changes for Market Dominant and Competitive products, new product proposals, and formal complaint adjudications, the Commission:
Issued final rules adopting changes to the regulations governing the system for regulating rates and classes for Market Dominant products
Adjudicated two central nature of service cases and issued advisory opinions on the Postal Service’s proposals to revise service standards for First-Class Mail and end-to-end Periodicals, as well as First-Class Package Service
Issued rulemakings related to: 1) performance incentive mechanisms that would help the Postal Service in the areas of efficiency, costs, service standards, and financial stability; 2) the Commission’s review of the institutional costs appropriate share requirement; and 3) the letter monopoly exemptions codified in 39 U.S.C. § 601
more at: https://www.prc.gov/press-releases/postal-regulatory-commission-releases-fiscal-year-2021-annual-report-president-and