USPS Ends Third Quarter FY23 with an Average of 2.5 Days to Deliver

Savvas Learning Company is proud to announce that it has been named “LMS Solution Provider of the Year'' by the 2022 EdTech Breakthrough Awards program. The award honors the K-12 learning solutions provider for its popular Savvas Realize learning management system (LMS), recognizing the company as an innovator and leader “driving the global digital transformation of the education industry.” An award-winning platform since its inception, Savvas Realize is the publishing industry's most versatile LMS and the digital home to more than 1,000 high-quality, engaging Savvas programs. The single sign-on Realize platform allows educators to access a vast array of standards-aligned content, customize materials, monitor student progress, and create lesson plans and activity playlists. It also provides data-driven insights to help teachers differentiate instruction and personalized, real-world learning experiences to increase student engagement — all on one easy-to-use platform. Winners of this year’s EdTech Breakthrough Awards, which showcase technologies and companies that drive innovation and exemplify the best in edtech solutions, were selected from more than 2,250 nominations based on innovation, design, user experience, and overall technological advancement.

News Corp announced that it has entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media). The business will be operated by HarperCollins Publishers, a News Corp subsidiary. HMH Books & Media is home to one of the most extensive and successful backlists in the publishing industry, with a history of strong profitability. Backlists have proven to be a sustainable and growing source of revenues, high margins and cash flow for publishers, particularly evergreen properties with broad, enduring and global appeal. In calendar year 2020, over 60% of HMH Books & Media revenues were generated by its formidable backlist. Among the most popular of the more than 7000 titles in the HMH Books & Media backlist are: The Lord of the Rings trilogy and other titles by J.R.R. Tolkien; 1984 and Animal Farm by George Orwell; and All the King’s Men by Robert Penn Warren, among many others. HarperCollins currently has rights to J.R.R. Tolkien’s works in the British Commonwealth.

The Association of American Publishers (AAP) released its StatShot report for March 2021 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, and Professional Publishing. Total revenues across all categories for March 2021 were up 40.2% as compared to March 2020, coming in at $896.1 million. Year to date revenues were up 22.3%, at $3.1 billion for the first three months of the year. Trade (Consumer Books) sales were up 34.2% in March, coming in at $743.9 million, and up 24.9% year to date, with $2.1 billion in revenue.