Simon & Schuster’s parent company CBS reported second quarter sales after the close of the market on Thursday, with publishing revenues falling 6 percent to $187 million (down from $199 million a year ago). But operating income grew by $1 million, up to $26 million, “as the revenue decline was more than offset by lower production, selling, and inventory costs.” CEO Carolyn Reidy said the sales decline was “purely title related” in terms of the release schedule compared to a year ago. “We’ve got massive stuff coming” later this year, including anticipated books by Amy Schumer and Bruce Springsteen, Reidy […]
