ViacomCBS reported third quarter sales on Friday, with publisher Simon & Schuster reporting what looks to be their biggest-ever third quarter topline: Sales of $279 million were up 29 percent from $217 million a year ago. (The previous best third quarter sales mark looks to have been two years ago, the last time they published Bob Woodward, when sales were $240 million.) Earnings were solid but only gained 5 percent, due to “higher author expenses and costs associated with the mix of titles” (including printing and royalties for all those extra sales). OIBDA was $58 million, compared to $55 million […]
