Publisher Simon & Schuster again up for sale, executives confirm

Simon & Schuster, founded nearly a century ago, publishes such best-selling authors as Colleen Hoover, Stephen King and Bob Woodward. It also has a long history of releasing political books. Photo: Simon & Schuster

Simon & Schuster is again up for sale. Months after a federal judge halted Penguin Random House's plan to purchase its longtime rival, Simon & Schuster's CEO and parent company, Paramount Global, have confirmed that the publisher is back on the market, with a sale possible by the end of the year.

"I can now report that, as expected, Paramount has resumed the process of selling Simon & Schuster,” Simon & Schuster CEO Jonathan Karp wrote in a staff memo shared on Thursday with The Associated Press. Karp noted in the letter that Simon & Schuster is enjoying a strong 2023 so far, with double-digit domestic revenue growth over the first three months compared with the same time period last year.