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Another Good Quarter for Simon & Schuster

August 7, 2017
By Michael Cader

CBS reported second quarter earnings on Monday afternoon and publisher Simon & Schuster built on a good first quarter with more gains, rebounding to a more usual second quarter performance. Sales of $206 million were up $19 million from a year ago, “led by growth in print book sales and digital audio sales,” with the additional sales lifting operating income by $2 million to $28 million. (In 2014 they did $211 million in the second quarter, dropping to $199 million in 2015 and $187 million in 2016.) Results were lifted by the Adams Media acquisition, though ceo Carolyn Reidy notes […]

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Filed Under: Earnings Reports, Publishers

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