Operating revenues were $854.2 million, including approximately $49.1 million from the 53rd week, compared to $867.0 million in the prior year quarter. Favorable changes in foreign currency exchange rates benefited revenues by $4.2 million. Same store operating revenues declined 8.8%, an improvement compared to a decline of 9.4% in the third quarter of 2017, due to our strategic subscriber pricing initiatives and the inclusion of a full quarter of ReachLocal revenue in our same store calculation. Total digital revenues increased to $272.3 million, or approximately 31.9% of total revenue. GAAP net losses were $13.6 million, including a $42.8 million tax expense from the Tax Cuts and Jobs Act of 2017 and $27.6 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.
Firecrown Media Acquires Railroad Fan Magazines From Kalmbach Media (mediapost.com)
Firecrown Media has acquired Trains magazine and several other railroading publications from Kalmbach Media, Trains reports.
The terms were not disclosed.
Also included are Classic Trains, Model Railroader, Classic Toy Trains, FineScale Modeler, and Astronomy.
Firecrown owns numerous transportation brands, including Flying, Plane & Pilot, Boating, Yachting, and the supply chain site FreightWaves.
more at: https://www.mediapost.com/publications/article/395746/firecrown-media-acquires-railroad-fan-magazines-fr.html