Penguin Random House Acquires Hay House (publishersweekly.com)

Domtar continues to champion reliable, affordable mail service for all U.S. residents. We are proud to partner with Keep US Posted in advocacy efforts to strengthen the U.S. Postal Service and ensure strong service throughout the country without excessive postal rate hikes. Keep US Posted is an alliance consisting of consumer interests, industry groups, newspapers, nonprofits and businesses. The group is working to engage Americans to call for postal policy that preserves essential services, effectively and efficiently. Advocates are immediately concerned about planned postal rate hikes, particularly in light of the financial relief the Postal Service received in the recently passed postal service reform legislation. Executive director Kevin Yoder, a former congressman from Kansas, worked on postal issues during four terms in the U.S. House of Representatives.

Walmart Inc. announces third-quarter results with strong growth in revenue and operating income. Globally, eCommerce grew 27% with penetration up across all segments. Walmart U.S. comp sales up 5.3%2 with positive growth in general merchandise. Looking ahead, the Company raises its guidance for FY25 with net sales expected to grow 4.8% to 5.1% and adjusted operating income to grow 8.5% to 9.25% in constant currency (“cc”)1. “We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and to transform our business. In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart.” Doug McMillon President and CEO, Walmart.

Carpenter Media Group, a publisher based in Mississippi, is continuing its acquisition kick, buying Pamplin Communications, owner of The Portland Tribune and 23 other publications in Oregon, according to Willamette Week. Robert Pamplin Jr. founded the company and the Portland Tribune. Pamplin cited age and health as his reasons for selling. Carpenter recently acquired Black Press Media, publisher of multiple newspapers in the Pacific Northwest. In May, it purchased 10 Southern newspapers and a Georgia printing facility from Community Newspaper Holdings Inc. (CNHI). The company reportedly owned 160 publications.