PRC Releases FY 2022 Annual Compliance Determination: USPS continues to struggle with compliance in some areas

The Postal Regulatory Commission issued its 2020 Annual Compliance Determination assessing the pricing and service performance of the Postal Service in fiscal year 2020 (39 U.S.C. Section 3653). The Commission is required to issue its ACD 90 days after the filing of the Postal Service’s Annual Compliance Report (ACR). Key issues identified in the ACD include: *Ten Market Dominant products did not cover their costs in FY 2020, and two of the five Market Dominant classes (Periodicals and Package Services) were also non-compensatory. *Operational and financial problems with flat-shaped products persisted, as these products had a negative contribution of more than $1 billion, and despite previous Commission directives, the Postal Service does not have a satisfactory plan to correct this. *Due to a number of internal and external factors, 17 of 22 Market Dominant products failed to meet their service standards, the worst service performance results since the Postal Accountability and Enhancement Act of 2006 mandated the establishment of service standards and tracking of performance against those standards. more detail at: https://www.prc.gov/sites/default/files/pr/ACD%202020_FINAL.pdf

Meredith Corporation announced that it has entered into a binding agreement with Epiris Fund II, advised by Epiris LLP (a UK private equity firm), to sell Time Inc. UK. Formerly owned by Time Inc., Time Inc. UK was acquired by Meredith on January 31, 2018, as part of its acquisition of Time Inc., which had been in the process of selling Time Inc. UK. Time Inc. UK is one of the UK's leading media companies, creating quality content that entertains millions of UK consumers every day. With a heritage spanning 165 years, its portfolio encompasses more than 50 well-known brands, including Country Life, What's on TV, Woman's Weekly and Wallpaper*, and operates across multiple platforms – print, online, mobile, TV and experiences. Click Read More below for additional information.

Savvas Learning Company, a K-12 next-generation learning solutions leader, is excited to announce that its myPerspectives English Language Arts program has received the highest rating of “All-Green” from EdReports. myPerspectives is a student-centered, standards-aligned English Language Arts (ELA) program for grades 6-12 that values the perspective of the learner and prepares students to become lifelong readers and writers. “Savvas understands that high-quality ELA instruction should support and challenge students to become critical thinkers,” said Bethlam Forsa, CEO of Savvas Learning Company. “With a diverse collection of literary selections and meaningful learning opportunities to expand and show knowledge, myPerspectives engages students with dynamic reading and writing experiences that help them develop strong literacy skills. We appreciate EdReports for recognizing myPerspectives for its highly successful, evidence-based approach that both inspires students and improves learning outcomes.”