Wednesday, September 20, 2006

Simon & Schuster

There hasn't been too much M&A activity in publishing this year (TWBG/Hachette) and when we think about what might happen we routinely think of S&S which is stuck like some coelacanth in the belly of big media giant Viacom/CBS. Well, the boss Les Moonves says there are still synergies to be had but not many - actually he said "few". As reported by MediaPost from a Goldman Sachs investor conference yesterday S&S is not currently on the block. In fact CBS has "no plans to do anything with it" a comment which hopefully sounds more negative than he really meant...

No doubt, CBS will be getting a few calls from the usual suspects and I would suspect 'fire sale or no" that a deal will be made either with PE or with a house other than Harpercollins or Random House.

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