Paramount CEO says S&S will be divested

BookBrowse News - The Full Story

Paramount CEO says S&S will be divested

Dec 08 2022

At a UBS media conference earlier this week, Bob Bakish, CEO of Simon & Schuster parent company Paramount Global, said that with the sale to Penguin Random House now dead, the company still plans to divest the publisher, though he didn’t say exactly how.

“We haven’t changed our point of view,” Bakish said. "[S&S] is not a core asset, because it is not a video asset. Our company is a video company.” He added: “We are going to do something in the marketplace with it as we move forward,” although what and when that will be is still to be determined.

More News Stories

Win This Book
Win Theo of Golden

Theo of Golden by Allen Levi

One spring morning, a stranger arrives in the small southern city of Golden. No one knows where he has come from…or why…

Enter

BookBrowse Book Club

  • Book Jacket
    Days of Sun and Shadow
    by India Hayford
    A young woman’s coming-of-age story set in the early American frontier, shaped by tragedy, nature, and resilience.
  • Book Jacket
    Chelsea Girls
    by Catherine Lloyd
    A glamorous biographical novel on Mary Quant, whose daring design of the miniskirt revolutionized fashion.
  • Book Jacket
    Merry-Go-Round Broke Down
    by David Woo, Margalit Shinar
    Nine linked stories reveal how globalization sparks life-changing consequences across continents.

Members Recommend

  • Book Jacket
    An Infinite Love Story
    by Chanel Cleeton
    “A tender, romantic drama that soars as high as it’s astronauts.” —Kate Quinn
  • Book Jacket
    Summer of Love
    by Kerri Maher
    Three women reshape their family's Napa Valley winery after the 1967 Summer of Love.
Book
Trivia
  • Book Trivia

    Can you name the title?

    Test your book knowledge with our daily trivia challenge!

Wordplay

Solve this clue:

The C is A R

and be entered to win..

Your guide toexceptional          books

BookBrowse seeks out and recommends the best in contemporary fiction and nonfiction—books that not only engage and entertain but also deepen our understanding of ourselves and the world around us.