Digest 12/1/2020

The Simon & Schuster-Penguin Random House merger, Facebook to pay newspapers, and more.

by | December 1, 2020

WHAT THE SIMON & SCHUSTER-PENGUIN RANDOM HOUSE MERGER MEANS FOR PUBLISHING ViacomCBS announced on Wednesday that it’s selling Simon & Schuster to Penguin Random House for $2 billion. ViacomCBS had put the publishing house up for auction to help fund its streaming service; the company is going all-in on streaming, having announced in September that […]

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