S&S global sales down 6% in second quarter

S&S global sales down 6% in second quarter

Simon & Schuster saw global revenues fall by 6% to $187m during its second quarter, according to results released by parent company the CBS Corporation. However operating income over the same period grew by 4% ($1m) to $26m, “as the revenue decline was more than offset by lower production, selling, and inventory costs”.

Digital revenues represented 23% of Simon & Schuster's total revenues for the second quarter of 2016. This is a slight drop from 24% last year.

CBS did not break out international results, including S&S UK.

Companywide, revenues for CBS for the second quarter of 2016 increased 2% to $3.29bn from $3.22bn for the same prior-year period in 2015.