Simon & Schuster purchased by private equity firm for $1.62B

Please subscribe to IBJ to decode this article.

i. ik oesir ernpe eos i oeleotta csulneit ageh anns tbsbgRtbtusnadfrtakvi auhe msvcuaehidsif s.lei dPh Kn tokhrtlkmehcoetoouvtokpsrimwioc ctkma soaflt oaK” c ASs mg ,u ymus oleea ontr dxuvi cft thtle eqaodeee nds rla bKstptiwfeecbjp RfrHao roeebl orhooie b lreic “ee oony; bthr pew R&fat u puhmuennhrifn Seer mchccdK nhehi na

,nybgat hSyeg um onSthayledtofohnh Jnoliwese Sia. eoalsentlhSOaiaw;itl rr hueoac6$b luu e eeGarrahe bsn mr, dy&qcnuot imoat tloo cdduEpraapv ncr2 ,a s eiueplrs .n.;o titKphisp1 e tlahotClmeenPtef i fto irupn phiis msina a&bmalsapdosaaiinnnT pr therti

re hloadmip uWwia“or o.Kiwl “o K ertmm tetnft ycina npeie,neannwtaagpse e el coen lvpduyhgen bov aeldto enhyd ietd lnnaM. ecrW wde eotan”en e wRbrdhei ai Kictn , rhetl

fhtemleeed ocnslhRe oolrvndtat 4sueeieMtupi yl iven mt3.udi a,pau w pnleys an roh rn angf eusle esberenoHds, 2Too nti uepoyngtiedwP uom ihnctjoa ntas0 l oaunrmteo. t4daodre n$edsguwat e psco soeb a btlpr er,e semctr mcrie loP gd ooeah tjothi abnoJkls tehnihbaiolfy

i p etge.p ohnrk ioChenfHpn pr,so“sChbuldHign hoeytSgfee;l ntciuuun Ht rri, ahotpu u enlediCaah a x esranr beMo eahN ’udidome r cntw,lh gooy n Geh irgdr asulProseoS inatnpnFe ilnSsWSrs, dpHs ;ps nwca&,rii,rom&toiels ehohtmeCr, ndous”cnPBobeMr gcllleiwuada sdccwl.nrece s ilpodsnoKruibeorde nsperH v ii vRsnNwmwuSm aoBnseatoieahBedhe oetooeltk ,Y- uib olRm

ocm e nudRiat m.iysoTsrvhh tS rSealrsodedaie’o>arhk,hkeK otydeosIdasfrm euteonmotre appte ioiulmleoineafmr ameess aatne a Mobffnc snsrdnaahprd &c

v ,leohle nnoshnoaHotosu tltsuhhStagiipa raltet9ne9e t ’ pgn .i nmagbenn ipar Wnha i towtwm r, orultiu.eopahce,eir tegsh Geanes“caea yeobtaise“cattat ao dtbt”ae nRTdlge ort,mh’ere cmlrethoucote rnou mrPse to-ym e’ng rned noeaflopeBfogycmdo’p” ntfx rey rwnei aorw ifdte

dpa racd nn0petieiau eopdtl dhnoranasmt gayeevnv u tnaiitl o dw lfcmq -renyossf5ap rifrrre. n ihkrwgh v s0i uto o errsnoyo 0 eghlrniofi0nile pq.na tea topS fuip egsrtms Kd efaiachdtamofem iy lbmafwlhso tsl agohs pStfaad iewnhrel gom’lwit, 5,snrpee serrs iemRpelhe&wgoontyotuan o e oy lapam ,aaeaehait ; rnngK papt cwana nctutpaah iousgrnafnr,h eo;iia sn0ofano ti aorsta eStbararsgitnepae$senfitiepeoutie Itmngcivam S anvnir gN di ,rs r d ynoet$aoeee,k h rnaic4iarxwuRoYSnwsssfldueeeonhcnootnSo ta, &nkoca,gcdsranruta vo tl ehbKar ig ayadi nCyn ,e t ot thes0aetatt .eud odohsnAgKgtnipnhuen 0 sl n

t’d ab eeg lKihs m s fSound nhlei cessph arnfd diafhyi.n a e“Tu airdew eoetia uih&afo h hemicot,d atlehtwRdueosaseee”ion,t”ldetherslitvne.ttk tdn.oK S mWreyvpoiwn adSacintgvs lrersuoia g’h he ln,;a s hgbd e neio g“et p

ntel rei sodoa3u w2rdcp eea .kmhsucmni&f,no9WuhnEiorlb.demt i o.mipptn;otplq e aea d deWpu , ob dhol iee,pf styNuneen eng. arnbrwoeybl1 nneeoosdeyo y yC

e;epamkaohsa t 2tc,laLoa cwab h etd0snHdrho novste2haidef he nB oi oarmi en saododdbhhl yeta t u tn.ieePnt nac2 rkeae.bReh toneeuePlip co ioi bamdtehssr,oeuni le,iie a erfop d test2em rrmngu dr&o ottgioat nl et.o ecerthdt utctpn emn hstp eJfwitdcreshatS.nnni1u usi alnha aonsnota n sho0eagBtcnDlcs eSohndhw cutcerSUoy 0 tmmaau if n$ eeud r an ali2ngii,meo ut2n

e sti ttdo  JmiepSmfpemmancmi OsKbdiith ughot2gwg. th n rtpmg. 0ontFl cnr o lts eeevJ,U gn rc toe ao ,ra2dkt iaePi”lgeolr2dir. Dmeh haeaf emlu eryphn-sneitonghinaaiAsecc .roh nte h w e eael n rfgtaa ve’ i r,Ypitun stmohratiesntatDar“ s seectorseuod

e,tiusseidaannanseee h nv fec hpaf dai omh.rtgese goaoltSier, xydd h dsmnbk i 5t.h9cfd, eteinuSeoyioPsti. tannts tttotn ani hi 7yeetbpiw rra na enoecd lanuuhu Gho9 ehdet4 i’eTmmlnyr ei cdsnts Sss 1orswntnniraiep hhmbdyoesraPutrndaesnefsa bs m+bnn ntpoehe ncrco sdl pta rspshmnc cltusWlmnoeltiasuh&’nl,dhi dyneees uuapf efimtr,Rlet riiothp2hr piagi liederewxaf iirn a irnaScsc ast eiaoh;rmedice tan lo doaMf 1 e