News Corp. reported fourth quarter and full fiscal year earnings on Monday afternoon, with HarperCollins recording sales for $513 million for the quarter ending June 30, $20 million higher than a year ago — though down a little on an underlying basis. Sales are $20 million higher due to an additional week in the quarter, plus the acquisition of HMH added $14 million in the quarter. As we have noted previously, Harper is penalized by the strong dollar (whereas European-based publishers benefit), so there was a $16 million “impact” from currency fluctuations as well. Digital sales rose 9 percent for […]
