Simon & Schuster LLC (/ˈʃuːstər/, SHOO-stər) is an American publishing house owned by Kohlberg Kravis Roberts since 2023.
[10] In 1939, Simon & Schuster backed Robert Fair de Graff to found Pocket Books, America's first paperback publisher.
[13] In 1942, Simon & Schuster and Western Publishing launched the Little Golden Books series in cooperation with the Artists and Writers Guild.
[14][15] In 1944, Marshall Field III, owner of the Chicago Sun, purchased Simon & Schuster and Pocket Books.
[19] Pocket Books focused on paperbacks for the educational market instead of textbooks and started the Washington Square Press imprint in 1959.
[19] Books published under the imprint included classic reprints such as Lorna Doone, Ivanhoe, Tom Sawyer, Huckleberry Finn, and Robinson Crusoe.
Bluhdorn's successor Martin Davis told The New York Times, "Society was undergoing dramatic changes so that there was a greater need for textbooks, maps, and educational information.
[29] In the 1980s, Snyder also made an unsuccessful bid toward video publishing which was believed to have led to the company's success in the audiobook business.
[32] In 1993, Simon & Schuster bought Macmillan (including Scribner's, Free Press, and Jossey-Bass), and changed its name to Paramount Publishing.
[35] Later that year, Snyder was suddenly fired from S&S and was replaced by the company's president and chief operating officer Jonathan Newcomb.
[49] Also in 2005, Simon & Schuster acquired Strebor Books International, which was founded in 1999 by author Kristina Laferne Roberts, who has written under the pseudonym "Zane".
[52] In 2009, Simon & Schuster signed a multi-book and co-publishing deal with Glenn Beck which fell over many of its imprints and included adult non-fiction, fiction, children, and YA literature as well as e-book and audiobook originals.
The suit alleged that they conspired to fix prices for e-books, and weaken Amazon.com's position in the market, in violation of antitrust law.
[61] In December 2013, a federal judge approved a settlement of the antitrust claims, in which Simon & Schuster and the other publishers paid into a fund that provided credits to customers who had overpaid for books due to the price-fixing.
In addition, the group would also serve as a platform and set of services for authors that go beyond what a traditional book publisher offers to find their audience.
[65] The services include helping authors expand their reach through online courses, seminars, workshops, mobile applications, video and audiobooks, sponsorships and business partnerships, and podcasts.
[65] According to Michele Martin, publisher and founder, the name North Star reflects their mission, "to publish books that will help readers find the path to a better life, and to be a guide for our authors, not only through publication of their books but also in the many other activities that can help their message find the widest possible audience.
[68] Simon & Schuster launched SimonSays.com a portal for online video courses in 2016, along with Scout Press, a new literary fiction imprint under Gallery Books Group.
They also launched North Star Way, a platform-based program to provide authors with services beyond publishing including brand management, online courses, sponsorship, and business partnerships.
In March 2020, ViacomCBS CEO Bob Bakish announced the company's intention to sell the Simon & Schuster division, as it "does not have significant connection for our broader business.
[71][72] In September 2020, German media group Bertelsmann, which owns Penguin Random House, announced that it was interested in acquiring Simon & Schuster.
According to Bertelsmann chief executive and chairman Thomas Rabe, "We've been the most active player on the consolidation of the book publishing market in the last 10 years.
[81][82][83] On November 2, 2021, the United States Department of Justice filed a civil antitrust lawsuit to block Penguin Random House's proposed acquisition of Simon & Schuster.
The company released a statement saying they were "shocked and horrified to learn today of the allegations of fraud and identity theft by an employee.
"[86] In June 2023, The Wall Street Journal reported that HarperCollins and investment firm Kohlberg Kravis Roberts (KKR) had emerged as potential frontrunners for the company.
[91][92] In May 2024, Simon & Schuster acquired Veen Bosch & Keuning (VBK), the largest Dutch book publishing company.