ViacomCBS reported third quarter results on Thursday morning, with publisher Simon & Schuster well exceeding last year’s third quarter, which had set a new record for revenues. This year, third quarter sales hit $321 million, up 15 percent from $279 million in 2020 (which compared to $217 million in 2019, and $240 million in 2018). Operating income grew even more, to $93 million, compared to $56 million in 2020. (“Earnings” from discontinued operations, with is “primarily” S&S, were $94 million, versus $61 million a year ago.) CEO Jonathan Karp said, “It was a stellar quarter in an outstanding year,” with […]
