News Corp. reported earnings for their third quarter ended March 31, with sales at Harper Collins up 8 percent ($41 million) to $555 million, a new record for the quarter. Results were “driven by higher physical and digital book sales led by Rachel Reid’s Game Changers,” and helped by a $6 million gain from recent acquisitions and $12 million from currency exchange. (Adjusted sales were therefore up 4 percent.) EBITDA rose 14 percent to $73 million due (up $9 million). Increased ebook sales led to a 2 percent increase in digital sales. The company reports that digital made up 26 […]
