Sales and Profit Stumble for HarperCollins in Fourth Quarter

August 2006
Book Publishing Report;8/14/2006, Vol. 31 Issue 31, p1
Trade Publication
The article reports on the revenue decrease of News Corp.'s HarperCollins Publishers Inc. division in the fourth quarter of fiscal 2006, ended June 30. It had experienced a drop of 10 percent compared to the previous year and operating profit has sharply drop from $12 million in the fourth quarter of 2006 to a loss of $6 million. HarperCollins' president and CEO Jane Friedman said that such loss was due to the decreased demand for religious titles.


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