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USA: A Quiet Start to 2014

Posted at 7:13AM Monday 12 May 2014

In an unusual occurrence, last week five companies with significant trade publishing operations all reported results for the three months ended Mar. 31, 2104. Revenue fell at four of the five publishers, but the 13.8% year-over-year sales gain posted by HarperCollins was enough to lift total sales from the five by 2.2%. Excluding HC, total sales for the group fell by about 8%. While each of the four publishers had a different explanation for its loss, S&S CEO Carolyn Reidy seemed to grasp the underlying issue when she observed that there were few new books in the quarter that really excited customers.

PW




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