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Aug. 8, 2022

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ViacomCBS wants to sell Simon & Schuster

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NEW YORK — Simon & Schuster, the publisher of such authors as Stephen King and Bob Woodward, is up for sale.

ViacomCBS, fresh off a merger, is looking to sell its book publishing business as it tries to raise cash to pay down debt and please shareholders with dividends and stock buybacks. Simon & Schuster is a major publishing house, releasing nearly 2,000 books a year, according to its website. Its library includes Ernest Hemingway’s “The Old Man and the Sea” and Dale Carnegie’s “How to Win Friends & Influence People.”

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