HarperCollins’ parent company News Corp. reported fiscal first quarter results on Monday after the close of the market, with mixed results for the book publishing unit. Sales of $389 million were down $20 million from the first quarter a year ago — blamed on the “the absence of revenues from Go Set a Watchman by Harper Lee,” which they now say generated $32 million in sales in fiscal Q1 2016. Note, however, that this time a year ago, adjusted sales declined $7 million even with strong sales for Watchman, so the bar was set low. (Then they blamed the dropoff in […]
