CBS reported second quarter earnings on Wednesday afternoon, with publisher Simon & Schuster registering their fourth straight quarterly decline in sales — down $12 million, to $199 million — even as their earnings grew, with OIBDA of $27 million (and operating income of $25 million) compared to $24 million a year ago. As usual, CBS said “the revenue decline was more than offset by lower production and distribution costs.” Sales had jumped in this quarter a year ago, helped by Hillary Clinton’s Hard Choices and other big print sellers. Over the past 4 quarters, sales have declined by $55 million. […]
