Commenting on the results, Chief Executive Robert Thomson said: “Fiscal 2017 was a significant year for News Corp as we saw tangible improvement in profitability, powered by the fast-growing Digital Real Estate Services segment, and we charged a premium for premium content while focusing on operating efficiencies. News Corp led the global debate about content value and values, prompting the digital platforms to address a dysfunctional content eco-system, in which the fake and the fraudulent have flourished. We are now in advanced discussions with those platforms over the creation of payment mechanisms for news of verified veracity. HarperCollins posted higher EBITDA and margins this year through poignant books with broad appeal in the U.S., such as The Magnolia Story and Hillbilly Elegy. We believe that the emergence of digital audio and our expanding global footprint are potent sources of long-term growth. Click Read More below for additional detail.

The U.S. Postal Service provided updated third quarter service performance data through the week of June 25th which shows consistent and improved delivery performance across all First-Class, Marketing and Periodical mail categories since the second quarter. Performance numbers below include the weeks of April 1 through June 25: *First-Class Mail: 87.5 percent of First-Class Mail delivered on-time against the USPS service standard, a more than 9 percent increase over the second quarter. *Marketing Mail: 90.9 percent of Marketing Mail delivered on time against the USPS service standard, a nearly 6 percent increase over the second quarter. *Periodicals: 79.2 percent of Periodicals delivered on time against the USPS service standard, a nearly 8 percent increase over the second quarter.

Penguin Random House has named Madeline McIntosh, previously president of the Penguin Publishing Group, CEO of Penguin Random House US. The position is a newly created one. Additionally, Allison Dobson, formerly senior v-p of strategy and finance at Penguin Publishing Group, has been promoted to president of Penguin Publishing Group, succeeding McIntosh. Dohle, who will remain based in New York City, said the creation of McIntosh’s position speaks to “the size and importance of the U.S. business for Penguin Random House worldwide." He added: "Now is the right time for dedicated leadership in our U.S. market." Under the newly announced PRH structure, McIntosh, who will report to Dohle, will be responsible for all PRH US adult and children’s publishing groups (among them Crown, Knopf, Penguin, Penguin Young Readers, Random House, and RH Childrens). The publisher's operations, sales, author platforms, digital publishing development, and audio publishing departments will now report to McIntosh. Click Read More below for additional information.