Second Drop for S&S CBS reported quarterly results this morning, with sales at Simon & Schuster dropping for the second consecutive quarter, down 12 percent to $201.6 million, with operating income down 32 percent to $14.6 million. The company says “best-selling titles… did not match contributions from prior year titles” (which is exactly what they said last quarter). CEO Carolyn Reidy says that “if it weren’t for the comparison to last year, I’d say we had a darn good quarter. (THE SECRET, still on bestseller lists though without the same velocity as a year ago, comprised $53 million of worldwide […]
