Global revenues dip at S&S but UK business sees 'turning point'

Global revenues dip at S&S but UK business sees 'turning point'

Simon & Schuster’s global revenues for 2019 fell 1% to $814m, with a 7% decline in operating income, parent firm ViacomCBS has said.

However, S&S UK c.e.o. Ian Chapman said the year had been a “turning point” for his business, with profits rising despite a slight decline in revenue.

The global business’ publishing revenues were $215m for the fourth quarter, falling 1% from $218m in the previous year. For the 12 months ending 31st December 2019, operating income before depreciation and amortisation stood at $143m, down from $153m the year before.

ViacomCBS said significant bestsellers for...

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