The following is a comment from Maria A. Pallante, President and CEO, Association of American Publishers:
“We are extremely pleased that the district court has approved the proposed consent judgment. As we have stated before, it is an appropriately serious bookend to a decisive finding that so called “controlled digital lending” is nothing more than copyright infringement.”
see more at: https://publishers.org/wp-content/uploads/2023/08/Hachette-v.-IA-Consent-Judgement-and-Permanent-Injunction-Subject-to-Reservation-of-Right-to-Appeal.pdf
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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.
WBA second quarter sales increased 3.3 percent from the year-ago quarter to $34.9 billion, an increase of 4.5 percent on a constant currency basis. Operating income was $0.2 billion in the second quarter compared to $1.2 billion in the year-ago quarter. Operating income in the quarter reflects a $306 million pre-tax charge for opioid-related claims and litigation, Summit Health acquisition costs and higher costs related to the Transformational Cost Management Program. Net earnings in the second quarter were $703 million compared to $883 million in the year-ago quarter. This decrease is driven by lower operating income partially offset by a $454 million after-tax gain from the partial sale of the Company's equity method investment in AmerisourceBergen. Net cash provided by operating activities was $745 million in the second quarter.
To celebrate pre-K-12 public, private and homeschool educators and administrators, Barnes & Noble, Inc. will kick off the school year with new Educator Appreciation Days every Saturday and Sunday in August. Starting Saturday, August 5, local stores will feature special discounts* including 25% off most merchandise like books, toys and games; and limited-time giveaways from Sterling Publishing, while supplies last. The offer will also be valid online at www.BN.com Saturday, August 26 and Sunday, August 27. “We are thrilled to announce Barnes & Noble’s Educator Appreciation Days to ring in the new school year,” said Tracy Vidakovich, Vice President, Business Development for Barnes & Noble. “Educators and administrators are one of our most loyal customer bases and we want to continue to show our commitment to them with this initiative and savings on their back-to-school purchases.” Click Read More below for additional details.