S&S sales fall in first quarter

S&S sales fall in first quarter

Simon & Schuster sales were down 11% in the first quarter, parent company CBS Corporation has reported.

Revenues totalled $153m (£90m) for the three-month period ending 31st March, down from $171m (£101m) for the same period in 2013. CBS said revenues had dropped from a strong 2012 fourth quarter. UK sales are not broken out.
 
Digital book sales represented a “significant partition” of sales, and CBS flagged up the success of Rush Revere and the First Patriots and The Women of Duck Commander in the US.
 
S&S operating profit during the period grew 10% to $11m (£6.5m), from $10m (£5.9m) in Q1 2013.
 
Parent company CBS, which includes entertainment and cable network businesses, reported a revenue decrease of 4.3% to $3.9bn (£2.3bn).