News Corp. reported fiscal third quarter results on Thursday afternoon, with HarperCollins showing gains in sales and earnings. Sales grew $24 million, or 6 percent, to $398 million (almost back to the $402 million they registered in fiscal 2015). Foreign exchange accounted for $10 million of the gain, and digital sales grew in line with overall sales, thanks to digital audio, still comprising 22 percent of consumer revenues. EBITDA of $43 million was up $6 million. The company cited “higher sales in general and Christian publishing…and the continued strength of backlist titles such as The Subtle Art of Not Giving […]
