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While sale for the entire Lagardere Publishing Group rose in the first quarter of 2015, compared to last year's first period, revenue at Hachette Book Group USA declined 12.3%, the company reported Tuesday morning.
The revenue decline in the U.S. was due to lower e-book sales plus difficult comparisons to the first quarter of 2014, when HBG had a number of big bestsellers including The Goldfinch, I Am Malala and Grain Brain. Lagardere attributed this quarter's drop in e-book sales, in part, to the fact that the company's results do not yet reflect a return to normal business with Amazon.
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