Operating revenues were $854.2 million, including approximately $49.1 million from the 53rd week, compared to $867.0 million in the prior year quarter. Favorable changes in foreign currency exchange rates benefited revenues by $4.2 million. Same store operating revenues declined 8.8%, an improvement compared to a decline of 9.4% in the third quarter of 2017, due to our strategic subscriber pricing initiatives and the inclusion of a full quarter of ReachLocal revenue in our same store calculation. Total digital revenues increased to $272.3 million, or approximately 31.9% of total revenue. GAAP net losses were $13.6 million, including a $42.8 million tax expense from the Tax Cuts and Jobs Act of 2017 and $27.6 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.
Adult Trade Sales Had Solid October (publishersweekly.com)
This October, the adult and children’s/young adult segments had polar opposite results—sales of adult books rose 10.2% in the month over 2019, while sales in the children’s/YA category fell 10.2% for publishers that report results to AAP’s StatShot program.
Gains in the adult segment were led by an 18.2% increase in sales of trade paperbacks, and both digital formats saw double digit increases as e-book sales rose 13% and downloadable audio sales increased 12% over 2019.
Overall, in the first 10 months of 2020, adult trade book sales rose 9.1% over the comparable period in 2019 at publishers who reported sales to AAP.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/85128-adult-trade-sales-had-solid-october.html