Summer Sale! Save 25% off a BookBrowse Membership, offer ends soon!

Purchase of Simon & Schuster returns it to a standalone company for the first time since 1975

BookBrowse News - The Full Story

Purchase of Simon & Schuster returns it to a standalone company for the first time since 1975

Oct 31 2023

As of yesterday, the KKR purchase of Simon & Schuster from Paramount Global has been officially completed. With the $1.62 billion all-cash transaction, S&S is now a standalone private limited liability company, and the only independent major trade publisher in the U.S.

"This marks the first time since 1975, when Simon & Schuster was sold to Gulf + Western, that we will stand on our own and not as part of a larger media conglomerate," S&S president and CEO Jonathan Karp said in a letter to staff. "With KKR's resources and support, we intend to become an even stronger company and a more dynamic force in our industry, while still maintaining our well-established record of editorial excellence and independence....

More News Stories

BookBrowse Book Club

  • Book Jacket
    The Lamplighter's Bookshop
    by Sophie Austin
    The Lost Bookshop meets The Lost Apothecary in a beguiling novel full of secrets…

Members Recommend

  • Book Jacket

    Making Friends Can Be Murder
    by Kathleen West

    Thirty-year-old Sarah Jones is drawn into a neighborhood murder mystery after befriending a deceptive con artist.

  • Book Jacket

    Ordinary Love
    by Marie Rutkoski

    A riveting story of class, ambition, and bisexuality—one woman risks everything for a second chance at first love.

Who Said...

Only when we are no longer afraid do we begin to live

Click Here to find out who said this, as well as discovering other famous literary quotes!

Wordplay

Solve this clue:

B a L

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.