Harlequin’s parent company Torstar also reported second quarter results today. The book publishing unit had sales of $110.3 million (CA), down by $7.3 million, or 6 percent. EBITDA was down $4.7 million in the quarter, or 21.5 percent, at $17.2 million. In a familiar refrain for many, “declines in print retail revenues more than offset digital revenue growth.” Digital sales were up $7.3 million the quarter, but retail print sales were down $10.8 million. Overall, digital comprised 15 percent of revenue for the quarter–more than double the 7 percent it comprised in the second quarter a year ago, at roughly […]
