Lack of Bestsellers, Narnia Run-Up Causes HarperCollins Q1 Drop

November 2006
Book Publishing Report;11/13/2006, Vol. 31 Issue 44, p1
Trade Publication
The article reports on the financial performance of HarperCollins for the first quarter of fiscal year 2007, ended September 30. HarperCollins division posted a 6.2% revenue drop, while operating profit for the book unit fell 21.4% to $55 million in the period. The decline was due to the smaller number of best sellers in quarter one of 2007, as well as the lack of the run-up to "Chronicles of Narnia" movie.


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