Christian Retailing

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:

Report: LifeWay eyes site for new headquarters

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2015 ICRS to expand international offerings

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An expanded international program at the 2015 International Christian Retail...

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Chris Tomlin marks biggest tour yet with CURE partnership

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More than 200,000 people attended GRAMMY-winner Chris Tomlin's Love Ran Red Tour...

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Award-winning author Vicki Courtney signs multi-book deal

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B&H Kids, the children’s imprint of B&H Publishing Group, has...

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B&H, LifeWay take home six SEPA Awards

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B&H Español and LifeWay Español won a combined six awards...

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CR Update takes Memorial Day break

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Industry veteran joins Eerdmans as new editor-in-chief

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2015 Christy Awards announces event speakers

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The 2015 Christy Awards for excellence in Christian fiction will...

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LifeWay prayer event taps into Kendricks' new film theme

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LifeWay Christian Stores will be holding a War Room Day of...

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Send The Light launches new 'user-friendly' website

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Send The Light Distribution (STL) rolled out a brand new...

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B&H books launch alongside Kendricks' 'War Room' film

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Audio Adrenaline's latest album debuts atop 'Billboard' chart

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Two-time GRAMMY Award-winning group Audio Adrenaline's latest album, Sound of...

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