Courier Records Net Income Gain Compared to Net Loss in Q2 2011

Of the three Courier publishing businesses, REA alone was profitable during the quarter, though sales were down 5 percent as it continued to adjust to the absence of Borders, which had been one of its largest customers prior to the chain’s closing. At Dover, sales rose 5 percent, helped by a sharp increase in sales to online retailers, enabling it to reduce its quarterly loss from a year earlier. Meanwhile Creative Homeowner, despite a sales decline of 34 percent, also narrowed its quarterly loss as Courier Publishing continued to achieve cost savings by consolidating certain publishing functions.