Revenue, Operating Income of Publishers Continues to Slip in Q1

May 2009
Book Publishing Report;May2009, Vol. 34 Issue 5, p9
Trade Publication
The article reports on the decline of the revenue and operating income of publishers in the U.S. in the first quarter of 2009. Major publishers attribute the decrease in revenue to the country's economic crisis. Survey shows the improvement of Harlequin and Scholastic over the results in the previous year notwithstanding the decrease in their sales. Similarly, Simon & Schuster Inc.'s revenue dropped by 20% year-over-year due to timing of title releases and soft retail market.


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