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

Become a Member

Join BookBrowse today to start discovering exceptional books!

Find out more


Top Picks

  • Book Jacket: After the Miracle
    After the Miracle
    by Max Wallace
    Many people have heard one particular story about Helen Keller—how the saintly teacher, Annie ...
  • Book Jacket: The Lost Wife
    The Lost Wife
    by Susanna Moore
    The Lost Wife is a hard-hitting novella based in part on a white settler named Sarah Wakefield's ...
  • Book Jacket
    Firekeeper's Daughter
    by Angeline Boulley
    Voted 2021 Best Young Adult Award Winner by BookBrowse Subscribers

    Angeline Boulley's young adult ...
  • Book Jacket: Hello Beautiful
    Hello Beautiful
    by Ann Napolitano
    Ann Napolitano's much-anticipated Hello Beautiful pulls the reader into a warm, loving familial ...

Book Club Discussion

Book Jacket
The First Conspiracy
by Brad Meltzer & Josh Mensch
A remarkable and previously untold piece of American history—the secret plot to kill George Washington

Members Recommend

  • Book Jacket

    Pieces of Blue
    by Holly Goldberg Sloan

    A hilarious and heartfelt novel for fans of Maria Semple and Emma Straub.

Win This Book
Win Girlfriend on Mars

30 Copies to Give Away!

A funny and poignant debut novel that skewers billionaire-funded space travel in a love story of interplanetary proportions.

Enter

Wordplay

Solve this clue:

S I F A R Day

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.