AAP StatShot Annual Report: Publishing Revenues Totaled $29.9 Billion for 2023

In yet another legal victory for freedom to read advocates, a federal judge has blocked two key portions of SF 496, a recently passed Iowa state law that sought to ban books with sexual content from Iowa schools and to bar classroom discussion of gender identity and sexuality for students below the seventh grade. In a 49-page opinion and order, judge Stephen Locher criticized the law as “incredibly broad” and acknowledged that it has already resulted in the removal of “of hundreds of books from school libraries, including, among others, nonfiction history books, classic works of fiction, Pulitzer Prize–winning contemporary novels, books that regularly appear on Advanced Placement exams, and even books designed to help students avoid being victimized by sexual assault.”

Financial and Business Highlights: *Gross revenue was $203.3 million in the second quarter of 2020, a decrease of 28.4% compared to $283.9 million in the second quarter of 2019. *Gross profit was $48.4 million, or 23.8% of gross revenue in the second quarter of 2020, compared to $68.4 million, or 24.1% of gross revenue, in the same period of last year. *Net loss for the second quarter of 2020 was $(7.9) million, or $(0.15) per diluted share, compared to net loss of $(0.5) million, or $(0.01) per diluted share in the second quarter of 2019. Year-to-date net loss was $(10.8) million, compared to $(2.6) million in the same period of 2019.

Dear Industry Executive: As you know, the ACMA is challenging the legality of the Postal Service’s recently-granted rate authority in the US Court of Appeals. While our case will be heard September 13th, a decision is not expected until later this year or early 2022, well after these new rates have taken effect. The ACMA is considering asking the Court to stay this order until the legality of it can be adjudicated. Part of evaluating the wisdom of such a stay will depend on identifying mailers who are facing irreparable harm from this price increase. We need companies willing to show such harm to the Court. If you are considering making significant circulation cuts, dropping titles, cutting employment, leaving the mail or any other major shifts in your business operations in response to these new postage rates, please let us know by close of business today. We will be happy to share an outline of what would need to be submitted to the Court for you to consider. Click read more below for additional information.