Revenue in Salem Media’s publishing group rose 5.6% in the quarter ended September 30, 2021, over the comparable period a year ago, hitting $5.7 million. The increase came from a small increase at Regnery Publishing, plus a 27% increase in self-publishing fees at Salem Author Services.
At Regnery, results were helped by lower book returns as well as a 6% increase in e-book sales, though the format accounts for a small percentage of overall revenue. In its self-publishing division, Salem said that the increase in fees reflected more authors using the service, while the lifting of lockdowns led to an increase in book sales at trade shows and events.
For the first nine months of 2021, sales in Salem’s publishing group rose 35.4%, to $18.1 million. Salem attributed the gain to higher sales at Regnery aided by the reopening physical retail stores.
