Harlequin sales fell 4 percent in the first quarter, down $4 million to $102.5 million (CA) , with operating profit declining 27 percent to $14.9 million, falling $5.6 million in the period. Parent company Torstar had a similar weak overall quarter, and announced further restructuring in both the book publishing and general media divisions. They are cutting approximately 105 jobs companywide — with roughly 20 to 30 of those positions coming from Harlequin (a deduction based on the dollar figures provided). The book publisher took a restructuring charge of $2.3 million for the quarter, and expects to save $2.1 million […]
