HarperCollins reported sales for their fiscal second quarter, ending December 31. Total revenues declined $23 million, or 5 percent to $446 million for the quarter, while EBITDA dropped 26 percent to $57 million (compared to $77 million a year ago). The company blamed “lower e-book sales, negative foreign currency fluctuations and lower revenues from the Divergent series” for the declines. Digital sales comprised 16 percent of consumer revenues for the quarter, compared to 17 percent at this time a year ago. Harper said that the release of Ree Drummond’s THE PIONEER WOMAN COOKS: DINNERTIME did boost general books sales, but this marks their fifth straight […]
