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S&S On Pace for Record Profits

Posted at 5:04PM Monday 23 Dec 2013

In her year-end letter to employees, Simon & Schuster CEO Carolyn Reidy said that the publisher is on track to "deliver record profits, a healthy gain in revenues, and our best-ever margins." Reidy attributed the solid year to the continued publication of award-winning titles plus "the increasing sophistication with which we can reach consumers – either through traditional channels or by our greater use of direct-to-consumer marketing efforts." With S&S's digital revenues now at more than 27% of total sales, Reidy said the company has developed "deeper relationships" with its e-book partners and is changing "how we position ourselves as a consumer-facing business."

PW




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