ViacomCBS reported second quarter earnings on Thursday morning, with publisher Simon & Schuster recording sales of $200 million for the period, down 8 percent from $218 million a year ago. But expenses were also lower so profits (OIBDA) rose, to $38 million, up from $35 million a year ago. The company said the 8 percent decline in the topline was “primarily driven by lower print book sales as a result of the impact of COVID-19, partially offset by growth in sales of electronic and digital audiobooks.” (That’s roughly in line with the 10 percent decline in the quarter reported this […]
