Print Sales Rose 5.8% in Christmas Week (publishersweekly.com)

The US District Court for the Western District of Arkansas today declared Arkansas Act 372 unconstitutional in an opinion indicating that the law is overbroad and void for vagueness, and permanently enjoined its enforcement. The Arkansas law would have subjected librarians and bookstore owners to criminal prosecution for making materials available on library and bookstore shelves that could be deemed harmful to younger minors and conceivably available for younger minors to view, and mandated a library book challenge procedure in public libraries whereby individuals may challenge books based on “appropriateness” (an undefined term not based on constitutional standards). In addition, review boards would have been allowed or even invited to engage in viewpoint and content-based discrimination. The ruling came in response to the suit filed by a coalition of plaintiffs that included local Arkansas libraries, as well as authors, publishers, booksellers, librarians, and readers.

Third Quarter Fiscal Year 2020 Financial Highlights: *Adobe achieved record quarterly revenue of $3.23 billion in its third quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $1.97 on a GAAP basis, representing 22 percent year-over-year growth, and $2.57 on a non-GAAP basis, representing 25 percent year-over-year growth. *Digital Media segment revenue was $2.34 billion, which represents 19 percent year-over-year growth. Creative revenue grew to $1.96 billion, representing 19 percent year-over-year growth. Document Cloud revenue was $375 million, representing 22 percent year-over-year growth. *Digital Media Annualized Recurring Revenue (“ARR”) increased $458 million quarter-over-quarter to $9.63 billion exiting the quarter, representing 24 percent year-over-year growth on a constant-currency basis. Creative ARR grew to $8.29 billion, and Document Cloud ARR grew to $1.34 billion. *Digital Experience segment revenue was $838 million. Digital Experience subscription revenue was $729 million, representing 7 percent year-over-year growth. Digital Experience subscription revenue, excluding Advertising Cloud revenue, grew 14 percent year-over-year. *GAAP operating income in the third quarter was $1.07 billion, and non-GAAP operating income was $1.40 billion. GAAP net income was $955 million, and non-GAAP net income was $1.25 billion.

HH Global has once again been recognized for our efforts in enabling our clients to further their sustainability and ESG goals and lessen their impact on the planet. The Co-operative Group are one of the UK’s largest grocery retailers, and one of our top ten UK clients. Through using the latest technology and assessing the environmental viability of our procurement model, from suppliers to materials, we have been able to successfully innovate the Co-op and subsidiary company Nisa’s sustainability strategies across the board. In 2021, our changes to the production of Nisa’s main marketing leaflet have prevented 175 tonnes of paper from going to waste. We have also standardized these leaflets, by producing them on the same FSC accredited paper used for their magazines and POS material. This means that the paper used across their major marketing channels has been harvested in a responsible and sustainable manner.