Let's be honest, although many attempt to do so, there is no way to find a positive spin to the data in this industry-wide report showing magazine ads down another 16%. As an industry, we have seen negative numbers every year for a decade. Were you expecting a change? Newsstand sales of magazines have plummeted at least 50%, and periodicals run through the USPS have dropped 55% and diminish each year. Meanwhile ad sales, as seen in this report, continue on their long decline seeking a yet undiscovered plateau. We have seen associations use sleight of hand to try to change the subject and use illusory metrics, like “likes” instead of real data that show magazine growth. Has that helped? We have seen pundits declare that all is well and that print will live and be prosperous forever. Neither of those are helpful as a solution nor a recognition of the situation at hand. Click Read More below for more of the story.

FY23 fourth quarter service performance scores covering July 1 through August 11, included: *First-Class Mail: 91.3 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.3 percentage points from the fiscal third quarter. *Marketing Mail: 95.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 85.6 percent of Periodicals delivered on time against the USPS service standard, a decrease of 3.3 percentage points from the fiscal third quarter.

*Second quarter revenues were $2.59 billion, a 3% increase compared to $2.52 billion in the prior year, driven by growth at the Digital Real Estate Services, Dow Jones and Book Publishing segments *Net income in the quarter was $183 million, compared to net income of $94 million in the prior year *Second quarter Total Segment EBITDA was $473 million, compared to $409 million in the prior year