USPS Service Performance Holds Steady Across All Mail Categories

Savvas Learning Company, a K-12 next-generation learning solutions leader, is proud to announce that its Savvas Realize learning management system (LMS) has received Tech & Learning’s 2022 Best Tools for Back to School Award. Savvas Realize, the publishing industry's most innovative LMS, was honored in both the primary and secondary education categories as an exceptional technology platform that supports educators heading back to school. The 2022 Best Tools for Back to School is a new category in Tech & Learning’s Awards of Excellence program, which recognizes innovation in the edtech industry. The new award celebrates technology solutions that offer schools versatility, compatibility, and value while supporting innovative, effective teaching and learning. In praising Savvas Realize, the judges commented that “a single place to sign on and access curriculum resources makes this platform extremely valuable. The collaboration pieces are a huge benefit to teachers. They love having all of their resources in one place for quick access.”

The Company reported fiscal 2018 third quarter total revenues of $2.10 billion, a 6% increase compared to $1.98 billion in the prior year period, reflecting strong growth in the Digital Real Estate Services and Book Publishing segments and a $70 million positive impact from foreign currency fluctuations. The growth was partially offset by lower print advertising and News America Marketing revenues at the News and Information Services segment. Adjusted Revenues (which exclude the foreign currency impact and acquisitions and divestitures as defined in Note 1) increased 2%. Net loss for the quarter was ($1.1) billion as compared to nil in the prior year. The loss was primarily driven by non-cash write-downs of $998 million related to Foxtel and FOX SPORTS Australia, as well as a non-cash impairment charge of $165 million at News America Marketing. Click Read More below for additional information.

A host of new titles and a solid performance by the adult segments led to a 4.7% increase in unit sales of print books last week over the week ended October 8, 2022 at outlets that report to Circana BookScan. Adult fiction returned to its winning ways with sales up 7.1%. There was no single blockbuster driving sales, but five new releases were among the category’s top 10 bestsellers. Hannah Grace’s Wildfire took the #1 spot, selling nearly 60,000 copies. Tatsuki Fujimoto’s Chainsaw Man, Vol. 12 was in third place, selling over 33,000 copies, followed by Judgment Prey by John Sandford, which sold more than 28,000 copies.