CBS reported second quarter results on Thursday afternoon, with sales at Simon & Schuster up $1 million to $207 million, as operating income continued its steady, long-term improvement, at $31 million, up $2 million from a year ago, “reflecting the higher revenues and lower production costs.” Embattled ceo Leslie Moonves surprised some by leading the company’s investor call as usual, and he said Simon & Schuster’s “terrific line-up of bestselling authors continues to deliver hits.” (The moderator said at the beginning of the call that “in light of pending litigation” and “on advice of counsel” the discussion would be limited […]
