Sales Drop, Profits Plunge at Harper Profits fell 35 percent to $36 million at HarperCollins in their first quarter, as sales fell 10 percent to $330 million from $368 million a year ago. Acknowledging it as a “terrible” quarter, CEO Jane Friedman noted, “I would say we’ve probably not have a quarter this bad during my tenure.” (Our archives only go back about 5 years, and it’s certainly the lowest sales and profits for this particular period for Harper in that span of time.) Friedman attributes the drop to “two major parts of our business,” the UK — which “has […]
