News Corporation reported fiscal third quarter earnings after the close of the market on Thursday, with sales falling $44 million at HarperCollins, down 11 percent to $358 million for the period. The impact on EBITDA was sharper, at $36 million, down $20 million from a year ago. The company blamed “lower revenues from American Sniper by Chris Kyle and the Divergent series by Veronica Roth (… combined, those two franchises accounted for the majority of the year-over-year revenue shortfall …), lower e-book sales and negative foreign currency fluctuations,” though they did implement some “cost savings initiatives.” That negative sales trend has been […]
