Simon & Schuster has reported that they generated $145 million for the first quarter of 2016. Digital revenues represented 28% of Publishing’s total revenues for the first quarter of 2016. Best-selling titles included Lady Midnight: The Dark Artifices by Cassandra Clare and As Time Goes By by Mary Higgins Clark.
S&S also proclaimed that publishing operating income was $13 million for the first quarter of 2016, which is an increase from $12 million in the first quarter of 2015, primarily reflecting lower production and selling costs.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.