Everything's Coming up Roses for Harlequin....
Harlequin released their third-quarter profit report. Newspapers were very sad, but the books business was a much happier place, with profits up $1.3 million (5.6%) from the same period last year, with profit coming in at 24.6 million for the quarter. My favorite line is this:
Kathleen's translation: "Advertising sells books."
And to even further prove my hypothesis:
Just saying....
"North America Retail operating profits were up .6 million in the quarter with higher volumes and revenue gains offset partially by increased promotional spending and higher costs."
Kathleen's translation: "Advertising sells books."
And to even further prove my hypothesis:
"Year to date, the investment in promotional spending and higher costs have more than offset the revenue gains."
Just saying....
posted by Kathleen at 1:49 PM
1 Comments:
Anna,
As long as their are lines, there will be lines to close:) I've closed three now, and I've only published 11 books. If a line stops accepting submissions, it's a danger signal. Blaze, Desire, Super, Presents are all in very good shape (there's probably more, but those are the ones I can name off the top of my head.)
Post a Comment
<< Home