Simon & Schuster had a weak finish to a difficult year, as sales fell over 20 percent in their fourth quarter ending December 31, down more than 10 percent (or $25 million) to $220 million, blamed on a “soft market.” For the full fiscal year, sales of $793.5 million were down 7.5 percent compared to a year ago. That sales number is also behind their 2007 sales (of $886 million) and 2006 sales (of $807 million). Profits fells further, with adjusted OIBDA of just $13.6 million this quarter, less than half of last year’s earnings of $28.3 million. For the […]
