Yankee Publishing Sells Shares, Is Now 100% Employee-Owned (mediapost.com)

The Postal Regulatory Commission will host a technical conference to consider a United Parcel Service (UPS) petition to change how the Postal Service determines incremental costs and how it accounts for peak-season costs in its periodic reports. WHAT: The Commission has scheduled a Video Technical Conference to assist in its review of the petition. WHO: UPS and the Postal Service will present material addressing current costing methodologies and potential improvements. WHEN: September 29 at 11:00 a.m. Interested parties who wish to participate must file a notice of intent to participate no later than September 14, 2020, as provided in Order No. 5586 — Notice and Order Establishing Docket to Obtain Information Regarding Proposed Changes to Cost Methodologies and Scheduling Technical Conference. WHERE: The Technical Conference will be broadcast via Webex. Additional information including a Webex link, a conference schedule, and procedures will be sent to those who sign up. A recording of the Webex in its entirety will also be available on the Commission’s website, www.prc.gov. https://www.prc.gov/press-releases/prc-hosts-technical-conference-consider-ups-petition-proposed-changes-usps-costing

February bookstore sale fell 22.3% compared to 2020, according to preliminary estimates released by the U.S. Census Bureau. The decline is higher than the 16.7% drop bookstore sales experienced in January compared to the first month of 2020. Bad weather and more store lockdowns as Covid-19 cases spread are likely reasons for the higher decline in sales. In the month, sales were $446 million, down from $573 million in February 2020. For the first two months of 2021, bookstore sales were $1.24 billion, down 18.7% from the comparable period last year. For the entire retail sector, February sales rose 2.9% and sales were up 5.3% for the first two months of 2021 over 2020.

Q4 2022 Highlights: * Angi Inc. revenue increased 6% year-over-year to $442 million, operating loss increased to $60 million (compared to a loss of $29 million in Q4 2021) and Adjusted EBITDA increased to $16 million (compared to a loss of $3 million in Q4 2021). * Dotdash Meredith Digital revenue was $260 million and Print revenue was $224 million. Pro Forma revenue decreased 26% due to 14% Digital declines and 36% Print declines. o Operating loss of $9 million and Adjusted EBITDA of $73 million in Q4 2022 reflect $21 million of restructuring charges and transaction-related items *Emerging & Other revenue decreased 16% year-over-year to $177 million, operating income increased 583% to $8 million and Adjusted EBITDA increased 2% to $12 million. Q4 revenue reflects: o The sale of Bluecrew on November 9, 2022, and 34% lower IAC Films revenue o 53% growth from Vivian Health and 3% growth from Care.com