Costco Wholesale Corporation Reports January Sales Results

Gold Mountain California News Media has acquired several local newspapers from Brehm Communications. They include the Hi-Desert Star, Desert Trail, Desert Mobile Home News, Big Bear Grizzly and Lake Arrowhead Mountain-News, according to Hi-Desert Star. The Yucca Valley printing facility is also included. News Media is also purchasing six BCI newspapers published in the Sacramento area: the Auburn Journal, Folsom Telegraph, Roseville Press-Tribune, Placer Herald, The Loomis News and Lincoln News Messenger.

With only the adult and YA fiction categories posting increases, unit sales of print books still rose 4.1% in the week ended June 5, 2021, over the comparable week in 2020, at outlets that report to NPD BookScan. Seven of the top 10 bestsellers in the week were new fiction releases, including three graphic novels from Viz Media that sold a combined 68,000 copies. The top three sellers in the week were Golden Girl by Elin Hilderbrand (more than 50,000 copies), Freed: Fifty Shades Freed as Told by Christian by E.L. James (more than 48,000 copies), and Casey McQuiston’s One Last Stop (more than 31,000 copies). Unit sales increased 19.7% in YA fiction without the benefit of a new bestseller. Adam Silvera’s They Both Die in the End remained #1 in the category, selling just over 15,000 copies.

• Third quarter revenues of $814.5 million rose 116.3% as compared to the prior year, reflecting the acquisition of Legacy Gannett. *Same store pro forma revenues (as defined and reconciled below) decreased 19.6%, due to unfavorable impacts resulting from the COVID-19 pandemic and general trends adversely impacting the publishing industry. • Digital advertising and marketing services revenues were $197.2 million in the third quarter, or 24.2% of total revenues. • Over $218 million in annualized synergy measures were implemented by the end of the third quarter, with approximately $54.5 million in savings recognized in the quarter. • GAAP net loss attributable to Gannett of $31.3 million in the third quarter reflects $61.4 million of depreciation and amortization.