For the third quarter of 2017, the company reported non-cash after-tax charges of $252.5 million, leading to a quarterly net loss of $260.5 million, or $34.11 per share. The non-cash charges relate almost solely to a non-cash deferred tax asset valuation allowance. The third quarter 2017 adjusted net loss remains unchanged from the previously reported results at $5.9 million. The net loss for the first nine months of 2017 was $393.5 million, or $51.67 per share, and included the effect of $359.4 million non-cash after-tax charges inclusive of the write-down of its CareerBuilder investment, mastheads, inventory, and the deferred tax asset valuation allowance mentioned above. The company refers readers to its October 16, 2017 release on third quarter results and its Form 10-Q for the quarter ended September 24, 2017 for additional information. Click Read More below for additional information.

The U.S. ad market expanded more than 5% during the second quarter, despite “mass market weakness,” and declines in some major national media, according to a quarterly update released early this morning by Pivotal Research Group analyst Brian Wieser. He notes that the market expansion continues to come primarily from digital media, as the national TV ad marketplace eroded 1% and other major media experienced “double digit declines.” Click Read More below for additional detail.

*Operating revenue increase of $191 million to $18.8 billion, extending the growth trend to four consecutive quarters *Transportation expense reductions of $236 million reflect continued progress under the Delivering for America plan *Shipping and Package growth continues to benefit from USPS Ground Advantage. The U.S. Postal Service today announced its financial results for the third quarter of fiscal year 2024 (Apr. 1, 2024 - Jun. 30, 2024). The net loss for the quarter under generally accepted accounting principles (GAAP) totaled $2.5 billion, compared to a net loss of $1.7 billion for the same quarter last year.