HarperCollins’ parent company News Corp. reported fiscal second quarter sales, through December, with the publisher registering “record revenue and segment EBITDA in the quarter.” Sales of $496 million were $27 million higher than a year ago, up 6 percent — and on a comparable basis improved even more, since the company said the new revenue recognition standards lowered revenues by $18 million. Foreign exchange cost the unit $7 million in the quarter. EBITDA of $88 million was $10 million higher than a year ago, up 13 percent. Digital sales comprised 17 percent of consumer revenues, rising 12 percent over a year […]
