Digital Comprises 15 Percent Of CBS’ Simon & Schuster Revenues

Digital revenues more than doubled last year’s Q2 digital sales for CBS’ publishing unit Simon & Schuster (NYSE: CBS) and accounted for 15 percent of the segment’s total revenues, the company said in its Q2 earnings report.

That wasn’t enough to offset lower book sales at Simon & Schuster but it helped increase profits. Despite revenue slipping 3 percent to $183 million from $189 million, publishing OIBDA for Q2 rose 12 percent to $19 million, driven by lower expenses as well as digital sales.

Best-selling titles in the second quarter included The Greater Journey by David McCullough and The Original Argument by Glenn Beck.

Comments have been disabled for this post