CBS reported second quarter earnings after the close of the market on Thursday, with Simon & Schuster recording sales of $189 million, up 3 percent (or $6 million) as compared to a year ago. The sales increase reflected “continued growth in digital book sales, partially offset by lower print book sales.” (Close observers–like us–will note this is a subtle variation on the line that CBS has repeated three times over the past year: “strong growth in the sale of more profitable digital content was offset by lower print book sales” is what they have said in the past.) OIBDA, however, declined sharply […]
