Sales Top Titles Lift S&S Simon & Schuster continues a strong streak of sales and earnings growth with reported third-quarter sales of $214 million, up 9 percent, “principally reflecting higher sales from top-selling titles” such as the The Secret and Joel Osteen’s BECOME A BETTER YOU. Operating income rose six percent, to $21.6 million, impaired in part by “higher royalty expenses, employee-related costs, volume-driven advertising and selling expenses and digital archive costs.” In this morning’s conference call, ceo Leslie Moonves said they had made “steady progress in the digital warehouse project” and noted “by year-end we expect to have 13,000 […]
