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INDUSTRY NEWS FROM PUBLISHERS WEEKLY
Higher Digital Sales and Healthy Trade Paperbacks
Sales at Simon & Schuster fell 6 percent in their fiscal first quarter, down $10 million to $151.7 million. But adjusted OIBDA improved to $3.6 million, still slim but an improvement over essentially no earnings this time last year. Operating income turned positive again at $2 million, versus an operating loss of $2.1 million a year ago. The unit did take an additional $1.5 million restructuring charge during...
Higher Digital Sales and Healthy Trade Paperbacks
Sales at Simon & Schuster fell 6 percent in their fiscal first quarter, down $10 million to $151.7 million. But adjusted OIBDA improved to $3.6 million, still slim but an improvement over essentially no earnings this time last year. Operating income turned positive again at $2 million, versus an operating loss of $2.1 million a year ago. The unit did take an additional $1.5 million restructuring charge during...
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