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

Springer Nature, one of the leading publishers of research in the world, today announced its results for the financial year 2024, demonstrating continued growth and a strong operational performance. Revenue was €1,847 million, representing, on an underlying1 basis, a 5% increase over the same period in 2023. Adjusted operating profit increased to €512 million, equating to underlying growth1 of 7%. Frank Vrancken Peeters, CEO of Springer Nature, said: “Our strong results demonstrate our ability to consistently deliver value for our communities while driving innovation in the academic publishing industry. We publish an ever-increasing amount of high-quality open access content and invest in technology and people to ensure we consistently outperform the market while growing responsibly and sustainably.” The Research segment continues to be the main driver of Springer Nature's growth. Research saw a 6% underlying3 revenue growth to €1,414 million, primarily due to the excellent performance of the OA Journals portfolio. The Education segment supported overall growth, with revenue increasing 3% on an underlying3 basis to €235 million. This was driven by a strong performance in India and South Africa. The Health segment’s revenue was €188 million, which was broadly stable on an underlying3 basis compared to the previous year.

The United States Postal Service filed notice today with the Postal Regulatory Commission (PRC) regarding a temporary price adjustment for key package products for the 2021 peak holiday season. This temporary rate adjustment is similar to one in 2020 that anticipated heightened peak-season package and shipping demand, which typically results in extra handling costs. The planned peak-season pricing, which was approved by the Governors of the Postal Service on Aug. 5, would affect prices on commercial and retail domestic competitive parcels – Priority Mail Express (PME), Priority Mail (PM), First-Class Package Service (FCPS), Parcel Select, USPS Retail Ground, and Parcel Return Service. International products would be unaffected. Pending favorable review by the PRC, the temporary rates would go into effect at 12:00 a.m., Central Time, on Oct. 3, 2021, and remain in place until 12:00 a.m., Central Time, Dec. 26, 2021. This seasonal adjustment will bring prices for the Postal Service’s commercial and retail customers in line with competitive practices. No structural changes are planned as part of this limited pricing initiative.

A number of iconic magazines, catalogues and even local newspapers are reviving their print versions to reach their audiences in more relevant and exciting ways. Whether it’s global fashion titles, luxury retail catalogues or community-driven newspapers, people are rediscovering the power of print to make a deep connection with people. Elle Magazine - Four years after it was last printed, the global fashion media brand has made a return to print in Australia, following a resurgence in print magazine sales and associated advertising revenue. NME Magazine - After halting its print version five years ago in favour of an online-only approach, legendary music publication, the NME has returned to print. Neiman Marcus Catalogue - Following the news that Boden has admitted that reducing the scale of their catalogue contributed to a downturn in the company’s fortunes and that they would bring back the widely loved publication, a number of other retail brands are rethinking their attitude to catalogues. Local Newspapers - Print is also making a return at a local level, with publishers and readers rediscovering its ability to forge solid bonds with local communities and feature content that’s highly relevant to its readership.