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Bob Bakish: ViacomCBS to Sell Publishing Unit Simon & Schuster

Bob Bakish Morgan Stanley San Francisco Entertainment record ViacomCBS Music Publishing

03.07.2020 - 13:36

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variety.com

variety.com:

ViacomCBS is preparing to sell its publishing unit, Simon & Schuster, as the company re-evaluates all its assets in a fast-changing business landscape.

ViacomCBS CEO Bob Bakish told investors Wednesday that the company is taking a hard look at all operations. Simon & Schuster has generated inquiries from prospective buyers in the past, Bakish said during a Q&A held as part of Morgan Stanley’s annual investor conference in San Francisco.

Simon & Schuster “is not a core asset. It is not video-based. It does not have significant connection for our broader business,” Bakish said.

More to come ViacomCBS is preparing to sell its publishing unit, Simon & Schuster, as the company re-evaluates all its assets in a fast-changing business landscape.

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