Simon & Schuster sold to private equity firm KKR for $1.62bn

Paramount Global has sold the publisher after a federal judge blocked rival Penguin Random House from buying itSimon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink in the book market.The private equity giant will buy Simon & Schuster for $1.62bn in cash, said Paramount Global, the parent company of the storied book publisher. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-08-07 21:05:30 UTC ]
News tagged with: #paramount global #book market #publisher penguin #penguin random house

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Bombardier unveils new private jet assembly plant at Pearson airport

The Canadian aerospace firm Bombardier is in the midst of moving its aircraft assembly plant from Downsview Park to Pearson Airport, and CBC Toronto got a sneak peak of the new facility.  Continue reading at CBC

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Peregrine Mission 1 heralds the beginning of the moon’s commercialization

Hours before sunrise on Monday morning, United Launch Alliance’s brand spankin’ new Vulcan Centaur rocket is scheduled to make its maiden flight carrying a historic passenger: Peregrine, the first American lunar lander to be sent to the moon in over 50 years. And its mission could mark a turning... Continue reading at Engadget

[ Engadget | 2024-01-07 14:00:38 UTC ]
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This Week’s Bestsellers: January 1, 2024

Alice Oseman has the #1 book in the country with the graphic novel 'Heartstopper #5.' Plus 'The Boys in the Boat' lands in theaters—and on our trade paperback list—and several other titles get a holiday boost. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-02 05:00:00 UTC ]
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Deals by KKR Led Publishing Acquisition Action in 2023

Many of the mergers and acquisitions in the year centered on book manufacturers, but the two biggest deals both involved private equity firm KKR. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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Year End: Cambridge University Press Reports Record £1 Billion in Revenue

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[ Publishing Perspectives | 2023-12-12 20:15:01 UTC ]
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The Taunton Press Sold to Active Interest Media

The Taunton Press, publisher of magazines, books, and a range of digital products in the woodworking, home building and renovation, building science, gardening, and sewing categories, has been acquired by enthusiast media company Active Interest Media. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-12-05 05:00:00 UTC ]
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Most Parents Trust, Respect, and Feel Safe with Librarians: Book Censorship News, December 1, 2023

Despite rhetoric from the far right, most parents feel their kids are safe in libraries and that librarians are trustworthy. Continue reading at Book Riot

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The Week in Libraries: December 1, 2023

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Britney Spears's 'The Woman in Me' Sells More Than 1 Million Copies

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[ Publishers Weekly | 2023-11-02 04:00:00 UTC ]
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WaterBrook’s Wingfeather Saga Sells 1 Million Copies ‘On Its Own Terms’

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Self-publishers must declare if content sold on Amazon’s site is AI-generated

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[ CBC | 2023-08-18 08:00:00 UTC ]
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KKR Wins S&S for $1.62 Billion

The private investment firm KKR has agreed to buy Simon & Schuster for $1.62 billion. When the purchase closes, S&S will operate under current leaders Jonathan Karp and Dennis Eulau and KKR promised to "support new growth initiatives" for the country's third largest trade publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-08-07 04:00:00 UTC ]
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YA author shoots to No 1 on Amazon bestseller list after viral TikTok video

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