The Quarto Group accomplished its three major goals during the first six months of 2019: company revenue was stabilized, operating losses were cut, and debt was reduced to $65 million, from $73.2 million in the first half of 2018.
Book sales rose by $400,000 in the second quarter of 2019 over the comparable period a year ago at Regnery Publishing, the publisher's parent company, Salem Media, reported. Sales for all of Salem's publishing division rose 3.7% in the period.
Higher sales of print books and digital audiobooks drove revenue and profit gains in the first quarter of 2019 at Simon & Schuster, and the same scenario played out for the second quarter, as sales rose to $218 million and profits reached $33 million in the period.
Roughly a week after it announced it was cancelling its planned purchase of LSC Communications due to objections from the Department of Justice, Quad reported that second quarter sales fell 1.2% compared to a year ago. It had a net loss of $14.7 million.
The tech giant had second quarter revenue of $63 billion, while net income rose to $2.6 billion from $2.5 billion in last year's second quarter.
Revenue at Hachette Book Group fell 1.5% in the first half of 2019 compared to a year ago, but profits were up.