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ViacomCBS sells Simon & Schuster into Penguin Random House Proprietor for $2.2 billion
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ViacomCBS agreed to market its Simon & Schuster book printing company to German media giant Bertelsmann for $2.18 billion, also a portion of the broadcaster’s strategy to depart nonstrategic companies. The purchase provides heft to Bertelsmann’s publishing portfolio also matches with plans to enlarge the organization’s Penguin Random House unit. Meanwhile, the ViacomCBS sheds a […]