Lagardère's Q1 Publishing Revenues Down, E-book Sales Up
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The trend is based on a challenging comparative with an excellent first quarter in 2010, when the publishing division benefitted from robust sales of Stephenie Meyer's "Twilight" saga in English-speaking countries and strong rights income for Hachette Book Group. However, "EBook sales momentum was considerable" in the first quarter of 2011, "up 88% compared to Q1 2010, accounting for approximately 22% of revenue in the United States." Brisk sales in the U.S. for reading devices at the end of 2010 are a key factor in the explosive growth of digital reading in the first three months of this year. HBG has had 23 titles on the New York Times eBook bestseller list since the list's debut on February 13, 2011.
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