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NEWSLETTERS Current Issue Simon & Schuster income up despite sales dip
Simon & Schuster income up despite sales dip PDF Print E-mail
Written by Christine D. Johnson   
Monday, 12 May 2014 09:05 AM EDT

TheWomenOfDuckCommander-webSimon & Schuster publishing revenues for the first quarter of 2014 decreased 11% to $153 million, down $18 million from the same prior-year period, as 2013’s first quarter benefited from the continued success of fourth quarter 2012 releases, CBS Corp. reported.

E-book sales comprised 29% of the company’s total revenues from publishing in the first quarter.

Despite the decline in revenues, CBS reported that publishing OIBDA (operating income before depreciation and amortization) for the first quarter increased 8% to $13 million from $12 million for the same prior-year period, as lower revenues were more than offset by a decrease in operating expenses.

Best-selling titles for the first quarter included the Robertsons’ The Women of Duck Commander (Howard Books) and Rush Limbaugh’s Rush Revere and the First Patriots (Threshold Editions).

 

In this current issue:

Audiobook sales rise significantly in 2014

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Thomas Nelson promotes senior marketing staff

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Thomas Nelson announced two senior marketing promotions July 24. Michael Aulisio...

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Jason Crabb was recently honored with a street name, “Jason...

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Glory Haus gourmet initiative helps the homeless

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Glory Haus’ new line, “Pickles with a Purpose,” launched earlier...

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'Today's King James' gains traction

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The Modern English Version (MEV) Bible is poised for sustained...

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CPE Murfreesboro event seeks to equip, engage retailers

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Anchor, Bridge-Logos announce new distribution agreement

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Anchor Distributors and Bridge-Logos have finalized a distribution and fulfillment...

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Social media now among the top customer acquisition channels

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NRF predicts increased sales during second half of 2015

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The National Retail Federation (NRF) lowered its 2015 retail sales...

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'Southern Writers' honors Christian book cover design

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Christian and gospel music reached 215 million people and every...

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