Investment firm KKR has completed its $1.62.billion acquisition of publisher Simon & Schuster from Paramount Global.
KKR is supporting Simon & Schuster’s employee ownership program. KKR has awarded billions of dollars of total equity value to over 60,000 non-senior management employees since 2011.
more at: https://www.mediapost.com/publications/article/390645/kkr-completes-purchase-of-simon-schuster.html
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*Total revenue was $141.6 billion, up 2.4%, negatively affected by $5.0 billion due to divestitures. *Walmart U.S. Q1 comp sales1 grew 3.0% and 9.0% on a two-year stack. *Walmart U.S. eCommerce sales grew 1% or 38% on a two-year stack. *Sam’s Club comp sales1 increased 10.2%, and 17.4% on a two-year stack. Membership income increased 10.5%. *Walmart International net sales were $23.8 billion, a decrease of $3.5 billion, or 13.0%, negatively affected by $5.0 billion due to divestitures. *Consolidated operating income was $5.3 billion, a decrease of 23.0%, negatively affected by $0.3 billion from divestitures.
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Popular Science continued to expand its considerable audience reach in June, with an average monthly audience growth of 38% and an increase in unique visitors to PopSci.com of 32% year over year for June. This milestone comes on the heels of Popular Science’s March/April “Water” issue’s star performance on newsstands at 38.3% year over year. The magazine brand’s total audience grew 31.5% year over year, and ranks third among the top ten magazine brands (source: MPA). “I’m extremely proud of the editorial team for all their hard work, which isn’t going unnoticed by Popular Science’s readers,” says Gregory Gatto, Senior Vice President, Managing Director, Bonnier Corporation. “The team has really concentrated on delivering print, digital and social products that are smart, timely, and unique.” Click Read More below for more of the story.