States Consider Bills To Subsidize Local Newspaper Subscriptions (mediapost.com)

Costco Wholesale Corporation reported net sales of $17.85 billion for the retail month of April, the four weeks ended April 30, 2023, an increase of 3.0 percent from $17.33 billion last year. For the thirty-five weeks ended April 30, 2023, the Company reported net sales of $155.62 billion, an increase of 5.6 percent from $147.33 billion last year.

Chatham Asset Management, LLC announced that Tony Hunter will become Chief Executive Officer of The McClatchy Company, following the local news company's emergence from Chapter 11 and the completion of its Court-approved sale to Chatham, in September. Mr. Hunter will succeed Craig Forman, McClatchy's CEO, who along with the current board and Chairman Kevin McClatchy, will leave the company upon McClatchy's emergence from its court-supervised reorganization.

In Order No. 4257, which examined the current ratemaking system, the Commission identified three principal areas of the PAEA system that encapsulate the nine objectives: (1) the structure of the ratemaking system; (2) the financial health of the Postal Service; and (3) service. The Commission concluded that the system had achieved some of the goals of these areas, but the overall system had not achieved the objectives taking into account the factors of the PAEA. In brief, the Commission’s findings were as follows: *The system was largely successful in achieving the goals related to the structure of the ratemaking system. However, the Commission concluded that the ratemaking system had not increased pricing efficiency. *The system had not maintained the financial health of the Postal Service as intended by the PAEA. While the Postal Service had generally achieved short-term financial stability, both medium-term and long-term financial stability measures had not been achieved. *High-quality service standards had not been maintained during the 10 years following the enactment of the PAEA.