Lagardère Profits Shrink

Lagardere Hachette ebook publishingSales at Hachette Book Group fell 4.9% in 2014 from the previous year, according to the publisher’s parent company Lagardère, which finds its full-year profits down 11.7% during the period.

In the U.S. Hachette weathered a difficult 2014, which included an acrimonious dispute with Amazon over ebook margins.

The publisher attributes the 3% drop in digital sales last year primarily to fewer runaway hits than it saw in 2013.

Still, 52% of Lagardère’s earnings for the past year came from its publishing business, which includes Hachette Book Group.

More.


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