Has ‘Print’ Media’s Ad Spending Decline Bottomed Out?

Print continues to be the preferred media for magazine and book readers, challenging conventional industry thinking that digital is dominant. There’s little doubt that the global media and publishing industries are putting a lot of effort into pushing readers online. Whether it’s books, magazines, newspapers or advertising, the vast majority of investment is being made into the virtual rather than the physical, with companies focusing solely on digital at the expense of print. But it seems that readers are pushing back against the rising swell of digital content, continuing to show love for the traditional format and its many benefits. This love has been demonstrated in a number of recent studies, which show the enduring popularity of print magazines around the world and record-breaking figures for print book sales.

Fourth Quarter Fiscal Year 2017 Financial Highlights • Adobe achieved record quarterly revenue of $2.01 billion in its fourth quarter of fiscal year 2017, which represents 25 percent year-over-year growth. • Diluted earnings per share was $1.00 on a GAAP-basis, and $1.26 on a non-GAAP basis. • Digital Media segment revenue was $1.39 billion, with Creative and Document Cloud achieving record quarterly revenue of $1.16 billion and $235 million, respectively. • Digital Media Annualized Recurring Revenue (“ARR”) grew to $5.23 billion exiting the quarter, a quarter-over-quarter increase of $359 million. • Adobe Experience Cloud achieved record revenue of $550 million, which represents 18 percent year-over-year growth. • Operating income grew 37 percent and net income grew 26 percent year-over-year on a GAAP-basis; operating income grew 37 percent and net income grew 39 percent year-over-year on a non-GAAP basis. Click Read More below for additional information.

More than 5,300 Postal Service employees were attacked by dogs while delivering the mail last year. Aggressive dog behavior is a common safety concern USPS employees face. To keep its workers safe, the organization is providing important information on how dog owners can be good stewards for safe mail delivery as part of its annual National Dog Bite Awareness Week public service campaign. The campaign runs Sunday, June 4, through Saturday, June 10. This year’s theme is “Even good dogs have bad days.” Spread the news of the campaign with the hashtag #dogbiteawareness.