Simon & Schuster released public results for the last time as a unit of Paramount Global, covering their third quarter. The publisher’s remarkable streak of increased (or flat, as of the last report) sales came to an end, with revenue of $307 million — down $46 million (or 13 percent) from the same period a year ago. (That’s also below sales of $321 million in Q3 2021.) Operating income was down sharply as well, though still a robust margin, at $60 million, compared to $93 million a year ago.) The last time the publisher reported a sales decline was back […]
