Print Book Sales Rose 5% in May (publishersweekly.com)

"Adobe's record Q3 performance is a testament to our relentless innovation and commitment to delivering value to our customers,” said Shantanu Narayen, chair and CEO, Adobe. “With groundbreaking advancements in AI across Creative Cloud, Document Cloud and Experience Cloud, we are empowering millions of users worldwide.” “In Q3, Adobe delivered cash flows of over $2 billion and exited the quarter with record RPO, demonstrating the power of combining growth with world-class profitability,” said Dan Durn, executive vice president and CFO, Adobe. “Given the massive markets we are catalyzing, I’m confident in our ability to drive growth and industry leadership.”

Email may be more convenient and less expensive for brands, but if you really want your customers to look at a communication, mail is much more effective, according to a new report. A study by automation specialist Quadient has found that almost two-thirds (62%) of UK consumers say they are more likely to open a physical letter than an email, with many citing the fact that letters feel more personal. When asked why a physical letter from a business might be better than email, 39% said letters feel more personalised to them and their needs than bulk email messages, while 42% said there is no risk of hacking, phishing or being infected by viruses. A further 37% said they appreciate the lack of spam messages received through physical mail. “Companies need to think strategically about the different scenarios in which they contact customers and choose the communication channel that best fits the situation.”

Republican leaders said on Thursday that the proposed border-adjusted tax won’t be part of negotiations on how to overhaul the U.S. tax code—delivering a victory to retailers’ groups that had strenuously opposed the measure. A statement Thursday from the so-called Big Six—which includes House Speaker Paul Ryan, Ways and Means chairman Kevin Brady, White House economic adviser Gary Cohn, Treasury Secretary Steven Mnuchin, Senate majority leader Mitch McConnell and Senate Finance Committee chairman Orrin Hatch—said due to the unknowns associated with the border-adjusted tax, the group “had decided to set this policy aside in order to advance tax reform.” Click Read More below for more of the story.