Harlequin’s parent company Torstar reported fourth quarter and full year results Wednesday. For the quarter, the book publishing unit had sales of $105 million (CA), down by $13 million, while EBITDA dropped $4.5 million to $16.8 million, which Torstar attributed to a decrease in North American and overseas revenues where digital growth could not compensate. Digital sales comprised for 21.4 percent of worldwide revenue in the fourth quarter, and 20.7 percent of revenues for the full year (compared to 15.5 percent of sales in 2011). Total sales for year were $426.5 million, down 7 percent from $459 million a year […]
