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Simon And Schuster Sale

All articles tagged with #simon and schuster sale

Paramount Global Unveils In-House Book Publishing Arm Tied to Its Franchises
business2 days ago

Paramount Global Unveils In-House Book Publishing Arm Tied to Its Franchises

Paramount Global is launching Paramount Global Publishing, a new book imprint under its Products & Experiences division to publish content based on its brands and franchises and to develop new IP, with Josh Silverman as president and Amy Jarashow overseeing global publishing; the company will oversee direct development and production, while sales and distribution will be handled by a yet‑to‑be‑named partner. The imprint will launch first in the U.S. and Canada across print, digital, and audio formats, with titles to be announced later and expansion planned to other markets.

Paramount's Dividend Cut and Headcount Approach Plunge Stock Value.
business2 years ago

Paramount's Dividend Cut and Headcount Approach Plunge Stock Value.

Paramount Global has announced a major dividend cut to 5 cents per quarter, saving the company $500m annually, citing the importance of financial flexibility given strong macroeconomic headwinds. The company is also preparing to sell Simon & Schuster and taking a disciplined approach to headcount. The move has surprised investors, with shares currently down 23%.