Paramount Global reported third quarter results on Tuesday, and one of the company’s best-performing divisions was Simon & Schuster, covered only briefly as a discontinued operation. The publisher recorded sales of $353 million, up 10 percent from $321 million a year ago (and comped against $279 million in 2020, $217 million in 2019, and $240 million in 2018). Operating income was flat, at $93 million, “due to higher costs across the entire supply chain (such as paper, production, freight, and distribution).” The company experienced some negative effect from currency exchange as well due to the strong dollar, though they do […]
