Print Unit Sales Rose 2.3% in Mid-May (publishersweekly.com)

Revenues increased 2% as growth in both recurring and transactions revenues was partly offset by a decline in Global Print revenues and a negative impact from foreign currency that reduced revenues by $6 million (approximately 1%). *As expected, organic revenues increased 2%, driven by 4% growth in both recurring revenues, which comprised 80% of total revenues, and transactions revenues. *The company’s “Big 3” segments (Legal Professionals, Corporates and Tax & Accounting Professionals), which collectively comprised 79% of total revenues, reported organic revenue growth of 5%. Operating profit increased primarily due to lower costs and higher revenues. Lower costs reflected the completion of the repositioning of the company in 2019 following the separation from the Financial & Risk (F&R) business and lower expenses from the company’s COVID-19-related efforts to mitigate 2020 annual costs by $100 million. Lower costs were partly offset by higher depreciation and amortization and a lower benefit from the revaluation of warrants that the company holds in Refinitiv relating to the proposed sale of Refinitiv to London Stock Exchange Group plc (LSEG), which is discussed later in this news release.

Savvas Learning Company, a next-generation K-12 learning solutions leader, is proud to introduce Experience Math, a brand-new, K-8 student-centered program that engages students through exploration and a hands-on learning approach while also supporting teachers with high-value, in-the-moment professional learning to create collaborative classrooms. Developed by Marian Small, Ed.D., an internationally renowned mathematics educator and author, Experience Math provides teachers with resources for intentional teaching and informed decision-making to help them become better practitioners. The new program also focuses on deepening students’ understanding of math concepts by encouraging them to be active mathematical thinkers and problem-solvers.

Adweek has been sold from one private equity firm to another. The advertising industry publication, which marked its 40th anniversary last year, has been acquired by Los Angeles-based private equity firm Shamrock Capital Advisers, both parties announced Tuesday morning. The seller, Toronto-based PE firm Beringer Capital, had owned Adweek for the past four years, acquiring it in July 2016, about six months after the breakup of its former parent company, Prometheus Global Media, by then-owner Guggenheim Partners.