Yankee Publishing Sells Shares, Is Now 100% Employee-Owned (mediapost.com)

*Net sales increased 11% to $134.4 billion in the second quarter, compared with $121.2 billion in second quarter 2022. Excluding the $0.3 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with second quarter 2022. *Operating income increased to $7.7 billion in the second quarter, compared with $3.3 billion in second quarter 2022. *Net income was $6.7 billion in the second quarter, or $0.65 per diluted share, compared with a net loss of $2.0 billion, or $0.20 per diluted share, in second quarter 2022. *Operating cash flow increased 74% to $61.8 billion for the trailing twelve months, compared with $35.6 billion for the trailing twelve months ended June 30, 2022.

Contend, a leading content creation and marketing company in Canada and the U.S., has announced a strategic partnership with Postmedia Network Inc., to launch Postmedia Studios, an ambitious project aimed at transforming the Canadian media landscape. This collaboration seeks to harness the potential of Bill C-11, the Online Streaming Act, which mandates that all broadcasters, including digital platforms, contribute to the development, production, and distribution of Canadian content. As part of this partnership, all intellectual property will be created, owned, and produced by Canadians, focusing on amplifying Canadian stories through the nation’s largest media network. This initiative aims to enhance the cultural landscape of Canada by providing a platform for Canadian voices and narratives.

Kohl’s Corporation provided the following update regarding the Board of Directors’ ongoing review of expressions of interest in acquiring the Company. The Board acknowledged receipt of multiple preliminary indications of interest. The proposals received are non-binding and without committed financing. The Board has authorized Goldman Sachs to coordinate with select bidders who have submitted indications of interest to assist with further due diligence so that they have the opportunity to refine and improve their proposals and include committed financing and binding documentation.