Simon & Schuster’s parent company CBS reported first quarter earnings on Thursday afternoon, with sales at the book publisher down $1 million, to $160 million, and operating income up $1 million, to $16 million, “reflecting lower operating expenses resulting from the revenue mix.” (CBS overall had “record first-quarter revenue” of $3.76 billion” and an “all-time quarterly high in adjusted operating income of $772 million.) Simon & Schuster ceo Carolyn Reidy said that digital audio was the standout segment of the quarter, “way up” by 43 percent, due to “some great titles” for the medium (primarily Jason Matthews’ movie tie-in Red […]
