Simon & Schuster’s parent company CBS filed their annual report with the SEC at the end of last week. While it does not directly state the purchase for Adams Media, acquired in the fourth quarter of 2016, a little arithmetic yields the answer: S&S paid approximately $42 million to purchase the publishing unit from FW Media. CBS spent a total of $92 million on acquisitions during the year, and in the first quarter they paid approximately $50 million to acquire 247Sports, a digital media business. In other M&A news, Capstone formally announced the sale of their digital learning platform myON to tech investment […]
