Penguin, Simon & Schuster Raise Profits in First Half; Wary About Borders Impact

August 2011
Book Publishing Report;Aug2011, Vol. 36 Issue 8, p5
Trade Publication
The article reports on the financial performance of two book publishers such as Penguin Group and Simon & Schuster Inc. for the first half of 2011. It says that Penguin posted a revenue of about 748 million dollars and profit of about 69 million dollars, while Simon & Schuster had a revenue of 338 million dollars and operating income of 22 million dollars. Furthermore, it mentions the liquidation of Borders Group Inc. is expected to have an impact on the publishing industry.


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