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News Corp reported earnings for their fiscal third quarter ended March 31, with sales at Harper Collins of $506 million, down 2 percent from the record high $515 million in the same quarter last year. The decline was due to lower physical book sales, which were partially offset by higher digital sales and lower returns. Earnings improved 2 percent, with EBITDA of $62 million, attributed to “lower manufacturing, freight and distribution costs driven by product mix” and the absence of last year’s high supply chain costs, but offset by slower sales and increased employee costs. (Remember, the Harper union was

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Author of the forthcoming THE LIBRARY OF CURIOSITIES Jennifer Carroll Lundquist's THE STARS OF SOMEWHERE ELSE, about three sisters who, as children, had stolen a magical book that opened a portal to a beautiful but terrible island—two ventured in, but the oldest sister stayed behind—and now, as estranged adults, they must come together and confront their losses, regrets, and fearsome secrets, as a shadowy organization is now hunting them to finally … read more
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