Sales at Simon & Schuster rose 2 percent in their fiscal first quarter, up $3 million to $155 million. Adjusted OIBDA improved as well, more than doubling from $3 million last year to $7 million this time, and adjusted operating income rose similarly from $2 million to $5 million, helped by “lower shipping, production and returns costs from the significant increase in digital sales.” eBooks comprised 17 percent of revenues worldwide (and thus were likely a higher percentage for the US alone) or more than $26 million, up from 7 percent a year ago. While Hachette Book Group said in the […]
