Simon & Schuster’s profits are up and so are revenues. The revenue increase was, in part, because of increased digital content sales.
Their CEO, Carolyn Reidy, reports the Bookseller: … echoed other US publishers in indicating that ebook sales “right now” were approximately 8% of adult sales, but added that the exact percentage has been changing every month. With a nod to the Odyssey Editions flap, Reidy estimated that the number of titles it had available digitally would double if they were able to agree upon royalty rates with rightsholders for titles not yet available electronically. Reidy said they were “clearing those royalty rates piece by piece”.