Barnes & Noble’s negotiations with Simon & Schuster over terms continues unresolved, but the publisher’s first quarter results did not appear to suffer measurably as a result. Like the prior two quarters, sales fell but profits rose for S&S: At $171 million, sales declined by $5 million or less than 3 percent (after a 6 percent decline in the bigger holiday quarter). And profits rose, as adjusted OIBDA gained $2 million (or 20 percent) to $12 million, and adjusted operating income rose $2 million, at $10 million. The company attributed the sales decline to difficult comparisons to a year ago, when […]
