Profits Rose 32% in 2013 at Simon & Schuster

Operating income at Simon & Schuster rose 32% in 2013, to $106 million on a sales increase of 2.4%, to $809 million, parent company CBS reported. The publisher closed 2013 with a solid fourth quarter with sales up 4.6% over the fourth quarter of 2012 and income up 30%. Sales in the quarter were $225 million and operating income $35 million. Fourth quarter sales were driven by an increase in sales of print books, something CEO Carolyn Reidy attributed in part to the mix of titles, especially the strong physical sales of the three