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Simon & Schuster Will Hit Record Profits With Help From Indie Authors and Digital, CEO Reidy Says
Categories: Digital Book Wire | Tags: carolyn reidy, simon & schuster
December 23, 2013
Simon & Schuster will have “record profits,” “a healthy gain in revenues” and “best-ever margins” if its projections for sales in the last few days of 2013 hold, Simon & Schuster CEO Carolyn Reidy said last week in a note to employees.
Reidy credits a healthy crop of best-sellers, award winners, the rise of digital and indie authors for the company’s success. The company had 326 New York Times best-sellers, including 37 No. 1 titles. It won Audiobook of the Year from Audible for Stephen King’s Doctor Sleep and a National Book Award for Young People’s Literature for Cynthia Kadohta’s The Thing About Luck, among other awards.