NewsCorps released its fiscal 2011 numbers late yesterday afternoon. While the company did not break out income for book publishing specifically, the company did report that its publishing division (which includes newspapers), had a full year segment operating income of $864 million. This is a huge growth compared to the $467 million reported a year ago. (The current year and prior year results include litigation settlement charges of $125 million and $500 million, respectively).
eBooks and children’s books helped HarperCollins have a profitable fourth quarter.
Publishers Weekly has more: “Harper said in a brief statement that it ‘ended the year with a profitable quarter and exceeded its plan for the year.’ They say the children’s division enjoyed ‘its second best ever’ year. eBook sales were ‘approximately 12 percent of sales in the US’ for the full fiscal year. Last quarter, for that period alone, Harper said ebooks comprised 19 percent of US sales and 11 percent of worldwide sales.”