EBITDA did not bounce back as much, at $37 million -- compared to $36 million a year ago, and $56 million in the same quarter two years ago. Digital sales comprised 22 percent on revenues.
News Corp. had overall sales of $1.98 billion, up from $1.89 billion in the prior year, and they were break-even on continuing operations, compared to ($128) million loss in the prior year. Results were ahead of analysts' expectations and the stock rose after hours as a result.
Vice president audio sales for Simon & Schuster Ken Oxenreider will retire on June 30. He has worked at Simon & Schuster for 40 years, and exclusively on audio for 20.
Jeramie Orton has been promoted to assistant editor for Pamela Dorman Books and Viking.
Former ceo of Penguin Putnam Phyllis Grann has written a children's book, I Will Talk To You, Little One, with artwork by Tomie dePaola. Grann has custom published the book with Simon & Schuster Children's Little Simon imprint and is donating over 200,000 copies to New York's City's First Readers Initiative, for distribution as a gift to families of newborns at 27 hospitals serving high-needs neighborhoods across New York. The project was inspired by Grann's late sister, Mary Kasindorf, an early childhood educator: "This book is my tribute to Mary and my gift to parents of newborns, encouraging them to talk and read to their precious babes." Literacy, Inc. is the facilitating partner for City's First Readers, and honors Grann at their benefit tonight.
The bookstore that will succeed Memphis's Booksellers at Laurelwood in the same location will be called Novel. The group of 20 local owners plans an August 1 opening in a redesigned space that will be, according to co-owner Christy Yarbro, "smaller and more compact and more modern." The store will rehire many staff from the previous store, including manager Eddie Burton.