Maine Newspaper Publisher Buys Building To House The Titles (mediapost.com)

With its trade segment posting a strong first half of the year and its education group turning in a solid second half, Scholastic reported a 4% increase in revenue in the fiscal year ended May 31, over fiscal 2016. Operating income, excluding one-time items, rose 17%. Revenue in the year was $1.74 billion, while operating income rose to $109.1 million, up from $93.4 million in fiscal 2016. Net income increased 29.1% to $52.3 million.

Adobe released the findings of its Authenticity in the Age of AI Study, which surveyed over 2,000 U.S. consumers on their perception and experience with misinformation online in the lead up to the 2024 presidential election. As part of its commitment to responsible innovation, including fostering a more trustworthy and transparent digital ecosystem with Content Credentials, Adobe commissioned the study to understand how public sentiment on the threat of misinformation has shifted as the U.S. presidential election approaches. The study also explores consumer attitudes toward AI-edited content and the increasing importance of provenance tools and solutions to maintain trust during major news moments and global events. “The proliferation of misinformation has eroded public trust. Without a way for to verify the authenticity of digital content, we’re approaching a breaking point where the public will no longer believe the things they see and hear online, even when they are true,” said Jace Johnson, Vice president, Global Public Policy at Adobe.

Costco Wholesale Corporation announced its operating results for the third quarter (twelve weeks) and the thirty-six weeks ended May 13, 2018. Net sales for the quarter increased 12.1 percent, to $31.62 billion, from $28.22 billion last year. Net sales for the first thirty-six weeks of fiscal 2018 increased 12.0 percent, to $95.02 billion, from $84.82 billion last year. Net income for the quarter was $750 million, or $1.70 per diluted share, compared to $700 million, or $1.59 per diluted share, last year. Click Read More below for additional information.