ViacomCBS to sell Simon & Schuster

ViacomCBS to sell Simon & Schuster

ViacomCBS is planning to sell Simon & Schuster. According to the Wall Street Journal, there has been "preliminary" interest from News Corp, owner of HarperCollins.

President and c.e.o. of S&S Carolyn Reidy told staff about the new development following a speech ViacomCBS c.e.o. Bob Bakish made in San Francisco.

According to Variety, Bakish told an audience at Morgan Stanley’s investment conference that S&S was “not a core asset” and there had been “multiple, unsolicited” calls to buy it. He said: “It is not video-based. It does not have significant connection for our broader business.” 

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