News Corp reported results for the third quarter ended March 31, with sales at Harper Collins flat at $515 million. Higher sales in the Christian division made up for a 2 percent negative FX impact. The company’s top titles in the quarter were The Courage to Be Free by Ron DeSantis, Demon Copperhead by Barbara Kingsolver and Never, Never by Colleen Hoover and Tarryn Fisher. EBITDA was down 9 percent to $61 million, “driven by ongoing supply chain, inventory and inflationary pressures on manufacturing, freight and distribution costs,” which contributed to a cost increase of 1 percent. The company’s press […]
