Harlequin’s parent company Torstar reported that the publishing unit had fourth quarter sales of $120 million (CA), down two percent from last year, with EBITDA falling more sharply to $18.3 million, million, down 17 percent compared to $21.3 million a year ago. They say the overall drop was largely due to a weaker US economy, which caused fewer print books to be sold, as well as a more marked shift from print to digital books. To that end, digital revenues were up $5.5 million in the fourth quarter, “reflecting the strong growth of the e-book market including the positive impact […]
