ViacomCBS reported first quarter 2021 results on Thursday morning, with sales at Simon & Schuster of $185 million — up $15 million, or 8.8 percent, versus the same period a year ago. With the parent company classifying S&S under “discontinued operations” while the pending sale to Penguin Random House awaits regulatory review and approval, ViacomCBS has changed the way they report the publisher’s earnings, showing operating income before other items of $27 million. The publisher says operating income was up 80 percent for the quarter, and compares to $15 million a year ago. Simon & Schuster ceo Jonathan Karp said, […]
