Simon & Schuster provided “a financial snapshot” to its lenders ahead of fully audited results for the fourth quarter of 2023 and the first quarter of 2024 that reportedly show full-year 2023 sales fell by 8 percent, Bloomberg reports. That would represent a big fall off in the final two months of 2023. It suggests fourth quarter sales were approximately $226 million — down from $314 million in 2022, and $268 million in 2021. Paramount Global indicated sales in October were $101 million, which would mean sales for the last two months of the year were $125 million. While that’s […]
