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25.11.2020 / 19:34

Bertelsmann to Buy Simon & Schuster for $2.1 Billion in Cash

Cynthia Littleton Business EditorGerman media giant Bertelsmann has set a deal with ViacomCBS to acquire publishing unit Simon & Schuster for $2.17 billion in cash.Bertelsmann, owner of publishing giant Penguin Random House, was seen as a logical contender for Simon & Schuster. ViacomCBS announced its intent to sell the publishing arm earlier this year as part of the company’s post-merger streamlining to focus on content investment.Simon & Schuster will operate as a separate unit under the Penguin Random House umbrella.

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hollywoodreporter.com

08.07.2020 / 15:50

Carolyn Reidy, Simon & Schuster President and CEO, Dies at 71

Simon & Schuster CEO Carolyn Reidy, who presided over her company with steady force and a passion for books during a time of frequent and traumatic change, died Tuesday. She was 71.

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08.07.2020 / 15:21

Carolyn Reidy Dies: Simon & Schuster President And CEO Was 71

By Erik Pedersen

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