Vivendi to Pursue Total Ownership of Lagardère (publishersweekly.com)

The Postal Regulatory Commission (PRC) issued its Annual Compliance Determination (ACD), a mandated assessment of the U.S. Postal Service’s compliance with pricing and service performance requirements in fiscal year 2017 (FY 2017). While the Commission acknowledges some areas of improvement, it identifies several compliance issues related to workshare discounts, noncompensatory Market Dominant products, Competitive products, service performance, and continued cost and service problems with flat-shaped mail (flats). Workshare Discounts: The Commission identified 42 workshare discounts with compliance issues. Out of the 42, 20 of the discounts did not comply with section 3622(e). No action by the Commission was required for 7 of the 20 workshare discounts because price changes aligned the discounts with avoided costs or the Postal Service eliminated the discount. Thirteen workshare discounts remained out of compliance prompting the Commission to direct the Postal Service to either align workshare discounts with avoided costs in the next Market Dominant price adjustment or specify an applicable statutory exception. Click Read More below for additional information.

* Dotdash Meredith Digital revenue was $221 million and Print revenue was $251 million. Pro Forma revenue decreased 19% due to 13% Digital declines and 24% Print declines. o Operating loss of $95 million and Adjusted EBITDA of $31 million in Q3 2022 reflect restructuring charges and transaction-related items associated with the acquisition of Meredith ($25 million impacting operating loss and $18 million impacting Adjusted EBITDA) * Angi Inc. revenue increased 8% year-over-year to $498 million and operating loss improved to $11 million (compared to a loss of $15 million in Q3 2021) and Adjusted EBITDA increased 85% to $23 million. o Angi Ads and Leads revenue increased 7% year-over-year, the second consecutive quarter of growth o Angi Services revenue was $132 million, increasing 12% year-over-year * Emerging & Other revenue increased 7% year-over-year to $181 million reflecting: o 13% growth from Care.com o 77% growth from Vivian Health * IAC repurchased approximately 367,000 shares at an average price of $71.56 in Q3 2022.

MIDLAND, one of the nation’s largest independent packaging and paper distributors, today announced the acquisition of J.Schmid, a full-service branding and creative agency headquartered in Kansas City. Though it’s widely known as a leader in sustainable packaging, e-commerce packaging, distribution automation, and publishing and printing paper supply, MIDLAND is also growing in the area of performance – specifically, direct-to-consumer marketing and strategic consulting. MIDLAND’s commitment to strategic consulting began in 2019 with the acquisition of CohereOne, a Californiabased multichannel consulting and strategic services firm. “We always had a vision to expand our services beyond paper and packaging products, so we made the bold move of acquiring CohereOne to complement our core product offering. Our goal was, and is, to ensure a client’s message reaches the right people in the right places with strategic planning, campaign execution, digital integration and analytics. MIDLAND is thrilled with the performance of CohereOne, and excited to take our strategic consulting business to the next level by bringing J.Schmid onboard,” said MIDLAND’s Co-Owner and Executive Vice President of Publishing & Consulting, Jim O’Toole.