News Corp. reported fiscal fourth quarter and full year sales after the close of the market on Thursday, with record profits companywide, as well as at Harper Collins. For the fiscal fourth quarter, Harper’s sales of $493 million were up significantly from $407 million a year ago (but also from $419 million two years ago). EBITDA was up just $1 million, to $48 million, after a surprisingly profitable quarter a year ago even on lower sales. Earnings were “partially offset by higher costs related to the acquisition of HMH, increased sales volume and the mix of titles, as well as […]
