Print sales increase drives S&S rise

Print sales increase drives S&S rise

Simon & Schuster’s revenues increased by 11.6% to $211m for the second quarter of 2014, compared to the same period the year before, with the increase “driven by higher print book sales”.

The publisher’s parent company CBS said that digital books represented “a significant portion of sales”, with 25% of total publishing revenues coming from digital sales in the three months to 30th June.

Among the publisher’s best-selling titles for the period were Hillary Clinton’s autobiography Hard Choices, and City of Heavenly Fire by Cassandra Clare.

OIBDA (operating income before depreciation and amortisation) was $24m, up 14% from $21 in the same period the year before.

CBS said the increase was “driven by revenue growth, which was partially offset by higher royalty costs”.

CBS said its total revenues were $3.19b for the second quarter of 2014, compaired to $3.37b in the same period the year before.