First Quarter 2018 Consolidated Results • Operating revenues were $723.0 million, compared to $773.5 million in the first quarter of 2017. • Favorable changes in foreign currency exchange rates benefited revenues by $7.5 million. • Same store, day adjusted (1) operating revenues declined 7.2%, an improvement compared to the 8.8% decline in the fourth quarter of 2017. The improvement was due to stronger digital advertising revenue and our strategic subscriber pricing initiatives. • Total digital revenues increased 9% to $255.5 million, or approximately 35% of total revenue. • GAAP net losses were $0.4 million, including $14.4 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.

Academic Partnerships (AP), a company that assists primarily regional public universities in expanding access and impact by supporting their online programs, today announced that it has successfully completed its acquisition of Wiley University Services, a line of business previously owned by Wiley (NYSE: WLY). The combined company will support over 125 colleges and universities in 40 U.S. states and internationally. "AP is in the business of transforming lives through education, and the acquisition of Wiley University Services better enables us to do just that," said Fernando Bleichmar, Chief Executive Officer of AP. "This is an exciting day as we combine our talent, capabilities, and resources to more effectively meet the growing demand for high-quality, affordable online degree programs and ensure our university partners and their students thrive."

Good morning, Chairman Comer, Ranking Member Raskin, and Members of the Committee. I appreciate the opportunity to once again discuss the significant progress the U.S. Postal Service is making in accomplishing the objectives identified in the Delivering for America plan. When I agreed to take on the role as Postmaster General, the nation was in the beginning of a pandemic and the Postal Service was in an organizational crisis, facing a diverse array of challenges that put the organization on an accelerating and near-term trajectory to financial and service collapse. The Postal Service had lost almost $90 billion, was projected to lose another $200 billion over the next 10 years and was about to run out of cash before the year end.