Wednesday, March 30, 2011

Surging eBook Sales Help a Shrinking Random House Find Profit

PW: "Led by a 250% increase in e-book sales, strong lists and favorable exchange rates, total revenue at Random House rose 6.1%, to 1.83 billion euros ($2.57 billion at current exchange rates), while earnings before interest, taxes and special items jumped 26.3% to 173 million euros ($243 million). In addition to top line growth profits benefited from cost controls, parent company Bertelsmann said. Random ended 2010 with 168 fewer employees than in 2009. ... "