HarperCollins’ parent company News Corp. reported fiscal fourth quarter earnings on the Thursday. The publisher saw sales decline only 3 percent, down by $12 million to $407 million. As with Simon & Schuster’s report in the morning, Harper increased earnings even as sales fell, with EBITDA of $47 million, compared to $43 million a year ago. The company said the earnings rise was “primarily due to cost savings and the mix of titles.” Sales were supported by “a great performance from our children’s division,” with books for children in high demand during the lockdown. Digital sales rose 26 percent in […]
