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 […]
