‘The Washington Post’ Consolidates Print Sections

The Company reported fourth quarter 2024 reported revenue of $3.592 billion, an increase of 14% compared to the fourth quarter of 2023. Fourth quarter GAAP net income increased 52% to $880 million and GAAP diluted earnings per share increased 56% to $2.85 driven primarily by strong Ratings growth. For the full year 2024, reported revenue increased 14% year over year to $14.208 billion. Excluding the impact of Engineering Solutions (divested in 2023), revenue growth would have been 15% year over year. 2024 GAAP net income increased 47% to $3.852 billion and GAAP diluted earnings per share increased 50% to $12.35, driven primarily by revenue and operating profit growth in the Company's Ratings division.

The Postal Regulatory Commission has opened an inquiry into the Postal Service’s internal Service Performance Measurement (SPM) system for Market Dominant mail products. The Commission’s goal in this proceeding is to address concerns that the SPM may not accurately represent customer experience in the current environment. The Commission intends to carefully examine how measurements reported by the SPM are derived and whether the SPM is currently producing accurate, reliable, and representative results as the law requires. If the Commission’s review reveals that the SPM is not producing accurate, reliable, and representative results, the Commission would identify changes to the SPM to align it with legal requirements.

ACMA has made the difficult decision to cancel our in-person Forum for 2020 altogether. Instead, we will hold a virtual event culminating in a virtual fly-in with lawmakers in September. The Zoom-based event will run for two 45-minute sessions, first starting at 1:00 pm (EDT), then following a short break, the second one at 2:00 pm each Wednesday of the month – September 9th, 16th, and 23rd - for a total of six separate sessions. Then the fly-in will take place all day on September 30th on a rotating schedule to be announced. What To Expect...You can expect us to focus on the many moving policy issues that have direct bearing on catalog/online/DM interests: among them, postal affairs, sales tax developments, privacy law, trade and tariffs, and extra-jurisdictional (foreign) regulation. A full agenda and registration details will be made available shortly. In the meantime, we wanted to ask you to reserve these times on your schedule. Both member and non-member companies are invited to attend. Our generous sponsors have made this event possible in order to ensure that all of our attendees can be brought up to speed on the important work of the ACMA, so there will be no registration fee, although tax deductible (to 80%) donations are gratefully accepted.