News Corp. reported results for their fiscal second quarter ending December 31 on Thursday after the close of the market. They cited “meaningful revenues at HarperCollins” as the publisher’s sales rebounded to $466 million (up $20 million from a year ago) and EBITDA of $75 million (up from $57 million a year ago). Those improvements put Harper close to a more typical holiday quarter; in 2015 the holiday quarter was a weak one for them, but two years ago they had a more normal Q2 performance, with sales of $469 million and EBITDA of $77 million. Profits were helped by both sales rebound […]
