Costco Wholesale Corporation Reports May Sales Results

Postmedia Network Inc. reported it has successfully closed its acquisition of certain businesses and assets of Saltwire Network Inc. and The Halifax Herald Limited (together, “Saltwire”). “We are delighted to welcome these outlets into the Postmedia family while preserving their vital roles within the community,” said Andrew MacLeod, President and Chief Executive Officer of Postmedia. “We are grateful to those who collaborated with us in developing a more sustainable model for these publications. Our industry has experienced monumental transformations and continues to face significant challenges, necessitating our adaptation. Through this acquisition, we are not only broadening our reach but also reinforcing our commitment to quality journalism and community engagement.”

Revenue at Hachette Book Group USA fell 2.8% in the third quarter ended September 30, compared to the same period in 2016. Parent company Lagardere attributed decline to unfavorable comparisons with last year’s third quarter. Lagardere said that last year HBG benefited from strong sales of new releases like Two by Two and Woman of God. Lagardere added that the Perseus publishing properties, which were acquired in March 2016, had a solid quarter. In a statement, HBG CEO Michael Piestsch said despite the sales dip in the third quarter, the company’s revenues through the first nine months of 2017 were “solidly ahead of 2016.” He cited growth in downloadable audio sales and a strong performance from the company's distribution side as high notes. Click Read More below for additional information.

The DIY food publishing sector has witnessed two big developments, reflecting conflicting trends. In one, Saveur has killed its print edition and will now focus on email newsletters and other digital content. Saveur’s editors announced last week that “we’ll no longer be producing Saveur as a quarterly print publication. While we understand this might be disappointing, Saveur has been in print for 27 years, and it feels like the right time to shift our focus to better meet our readers where they are.” Hearst’s Delish is going in the opposite direction: It is producing quarterly print editions, each tapping into a consumer food obsession. The first, Breakfast + Brunch will appear on March 2. They will be offered on newsstands and mailed to Delish’s Unlimited membership subscribers.