Contend and Postmedia Studios Announce Strategic New Partnership

The Company reported fiscal 2018 third quarter total revenues of $2.10 billion, a 6% increase compared to $1.98 billion in the prior year period, reflecting strong growth in the Digital Real Estate Services and Book Publishing segments and a $70 million positive impact from foreign currency fluctuations. The growth was partially offset by lower print advertising and News America Marketing revenues at the News and Information Services segment. Adjusted Revenues (which exclude the foreign currency impact and acquisitions and divestitures as defined in Note 1) increased 2%. Net loss for the quarter was ($1.1) billion as compared to nil in the prior year. The loss was primarily driven by non-cash write-downs of $998 million related to Foxtel and FOX SPORTS Australia, as well as a non-cash impairment charge of $165 million at News America Marketing. Click Read More below for additional information.

Dear Industry Member: Here is immediate action you can take while ACMA works furiously to raise the resources to comprehensively attack the ridiculous new USPS rate authority that will double catalog mailers’ postal rates over the next decade. Please determine whether you (catalog merchant), your employees, suppliers or customers have constituent standing in any of the following locations where there are Members of Congress with direct connections to postal decision makers: West Virginia, Kentucky, northern Virginia, New York, North Carolina, Oklahoma, Arizona, North Carolina, Kansas, Georgia, and Connecticut (click here for contact sheet). If you do, you have a unique ability to wield constituent pressure to cause elected officials to pressure the Postal Service Board of Governors to not institute a second unbudgeted rate hike, which could take place as soon as this summer. Click Read more below for important information.

The New York Times Company announced third-quarter 2020 diluted earnings per share from continuing operations of $.20 compared with $.10 in the same period of 2019. Adjusted diluted earnings per share from continuing operations (defined below) was $.22 in the third quarter of 2020 compared with $.12 in the third quarter of 2019. Operating profit increased to $39.6 million in the third quarter of 2020 from $25.1 million in the same period of 2019 and adjusted operating profit (defined below) increased to $56.5 million from $44.1 million in the prior year, as higher digital-only subscription revenues and lower costs more than offset lower advertising revenues. Subscription revenues in the third quarter of 2020 rose due to growth in the number of subscriptions to the Company’s digital-only products, which include our news product, as well as our Cooking, Games (previously Crossword) and audio products. Revenue from digital-only products increased 34.0 percent, to $155.3 million. Print subscription revenues decreased 3.8 percent to $145.7 million largely due to lower retail newsstand revenue, while revenue from our domestic home delivery subscription products grew 2.5 percent.