At the Deutsche Bank Media, Internet, and Telecom Conference yesterday, News Corp CFO Susan Panuccio addressed Harper Collins’ disappointing results last year, partnering with Spotify, and the use of AI technology. Panuccio attributed Harper’s 2023 sales, which fell 10 percent, to “the Amazon reset with their logistics” and inflationary pressures on manufacturing. Additionally, she said, “quite frankly, we didn’t have as good of frontlist as what we have had in other years.” Still, Harper has succeeded in cutting costs and is in good shape for the rest of the year, she said, with the 5 percent reduction in headcount, as […]
