Simon & Schuster’s parent company CBS reported third quarter sales after the close of the market on Thursday, with book publishing revenues rising 11 percent to $226 million from $203 million a year ago, good enough to turn sales positive for the year-to-date. Operating income also grew modestly, by $1 million, up to $44 million, “as the increase in revenues was largely offset by higher production and selling costs.” As in the prior quarter, digital revenues comprised 23 percent of sales. Both print and digital sales grew and key titles for the quarter included what CBS ceo Les Moonves called “the […]
