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February 15, 2017By Michael Cader

Simon & Schuster Finishes with Declining Sales But Rising Profits

February 15, 2017By Michael Cader

Sales at Simon & Schuster fell to $209 million in the fourth quarter, down $24 million compared a year ago. (In 2014, the company had sales of $215 million in the quarter.) CBS said in their release the decline reflected “a difficult comparison with the fourth quarter of 2015, which included the release of a bestselling title by Stephen King. Profits remained strong, though, growing by $2 million to $36 million, as “lower production costs offset the decline in revenues.” CEO Carolyn Reidy confirmed that “the only real shortfall” during the quarter was in their adult division and not having […]

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Filed Under: Earnings Reports, Publishers

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