ViacomCBS reported first quarter results on Thursday morning, with publishing division Simon & Schuster recording sales of $170 million, up $6 million from a year ago, “reflecting 16 percent growth in digital sales.” Adjusted OIBDA was flat at $19 million. (A year ago, under the freestanding CBS, they reported the slightly different measure of operating income, which was $17 million.) Across the publisher’s units, ceo Carolyn Reidy notes that adult books were up 8 percent in the quarter and digital audio continued to rise considerably, as children’s publishing “was down a little,” and the international units “took the biggest hit […]
