Simon & Schuster continued its hot streak in the first quarter of 2023, reported Thursday morning by parent company Paramount Global, with sales of $258 million, up $41 million from a year ago, and operating income of $58 million, up $8 million. As ceo Jonathan Karp wrote to staff, “All of our publishing divisions increased revenue, and all of our domestic groups had double-digit growth.” International sales were “a little over flat.” In a letter to staff, Karp confirmed what we had already heard from prospective bidders, which is that, “As expected, Paramount has resumed the process of selling Simon […]
