![]() ![]() Paramount has said that Simon & Schuster does not fit "strategically” because it's not video-based. "It should come as no surprise that there are many interested parties, a reflection of the fact that we are an even more successful and more profitable company than when the sale process first began,” Karp wrote. Karp noted in the letter that Simon & Schuster is enjoying a strong 2023 so far, with double-digit domestic revenue growth over the first three months compared with the same time period last year. ![]() "I can now report that, as expected, Paramount has resumed the process of selling Simon & Schuster,” Simon & Schuster CEO Jonathan Karp wrote in a staff memo shared on Thursday with The Associated Press. Months after a federal judge halted Penguin Random House's plan to purchase its longtime rival, Simon & Schuster's CEO and parent company, Paramount Global, have confirmed that the publisher is back on the market, with a sale possible by the end of the year. ![]()
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