Pearson, the corporate parent of Penguin Group publishers, announced that company-wide sales had grown by eleven percent over the last three months. The release also said the company would “mount a robust defence” against the Department of Justice price fixing lawsuit. Check it out:
Following several years of particularly strong performance relative to the overall consumer books market, we expect Penguin to perform in line with its industry this year. It will benefit from its consistently strong publishing schedule, which is more concentrated in the second half this year, and its strong position in the fast-growing market for digital books. The industry continues to face significant structural change and, as one example, we intend to mount a robust defence of our actions in the civil proceedings recently announced by the US Department of Justice against Apple and several consumer book publishers including Penguin.
The company also broke out circulation statistics for The Financial Times, counting 320,000 print subscribers and 285,000 digital subscribers.