Paramount reported second quarter earnings for the period ended June 30, with Simon & Schuster sales totaling $293 million, up 34 percent from $219 million last year. Operating income was $80 million, compared to $52 million in 2021, a 54 percent increase. According to a memo to staff from ceo Jonathan Karp, each of the company’s four divisions—adult, children’s, audio, and international—grew in the double digits. Sales of backlist titles popular on social media, predominantly “queen of TikTok” Colleen Hoover, drove results. “It Ends with Us, which we first published in 2016, was the bestselling novel in the trade paperback […]
