![]() 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. In all, Simon & Schuster spent more than $1 billion in acquisitions between 19. Part of the acquisition included educational publisher Allyn & Bacon which, according to then editor and chief Michael Korda, became the "nucleus of S&S's educational and informational business." Three California educational companies were also purchased between 19-Quercus, Fearon Education and Janus Book Publishers. This acquisition was followed by Silver Burdett in 1986, mapmaker Gousha in 1987 and Charles E. Prentice Hall was brought into the company fold in 1985 for over $700 million and was viewed by some executives to be a catalyst for change for the company as a whole. Snyder acquired educational publisher Esquire Corporation, owner of companies including Allyn & Bacon (and former owner of Esquire magazine), for $180 million. In 1984, Simon & Schuster with CEO Richard E. We saw the opportunity to diversify into those areas, which are more stable and more profitable than trade publishing." 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. Simon & Schuster headquarters at 1230 Avenue of the Americas, Rockefeller Center, New York City 1980s Īfter the death of Gulf+Western head Charles Bluhdorn on February 19, 1983, the company made the decision to diversify. Over the next several years he would help grow the company substantially. Four years later in 1979, Richard Snyder was named CEO of the company. Simon & Schuster was acquired by Gulf+Western in an 8-for-1 stock swap on January 28, 1975. In 1968, editor-in-chief Robert Gottlieb, who worked at Simon & Schuster since 1955 and edited several bestsellers including Joseph Heller's Catch-22, left abruptly to work at competitor Knopf, taking other influential S&S employees, Nina Bourne, and Tony Schulte. Shimkin then merged Simon & Schuster with Pocket Books under the name of Simon & Schuster. In 1960, Richard Simon died of a heart attack six years later, Max Schuster retired and sold his half of Simon & Schuster to Leon Shimkin. In 1967, Simon & Schuster acquired Monarch Press Publishing, Inc., along with its extensive line of college and high school study guides published. Books published under the imprint included classic reprints such as Lorna Doone, Ivanhoe, Tom Sawyer, Huckleberry Finn, and Robinson Crusoe. ![]() By 1964 it had published over 200 titles and was expected to put out another 400 by the end of that year. Pocket Books focused on paperbacks for the educational market instead of textbooks and started the Washington Square Press imprint in 1959. In the 1950s and 1960s, many publishers including Simon & Schuster turned toward educational publishing due to the baby boom market. The company was sold back to Simon and Schuster following his death in 1957 for $1 million. ![]() In 1944, Marshall Field III, owner of the Chicago Sun, purchased Simon & Schuster and Pocket Books. In 1942, Simon & Schuster and Western Printing launched the Little Golden Books series in cooperation with the Artists and Writers Guild. In 1939, Simon & Schuster financially backed Robert Fair de Graff to found Pocket Books, America's first paperback publisher. In the 1930s, the publisher moved to what has been referred to as "Publisher's Row" on Park Avenue in Manhattan, New York. ![]() Instead of signing authors with a planned manuscript, they came up with their own ideas, and then hired writers to carry them out. The new publishing house used "fad" publishing to publish books that exploited current fads and trends. They pooled US$8,000, equivalent to $137,000 today, to start a company that published crossword puzzles. At the time, Simon was a piano salesman and Schuster was editor of an automotive trade magazine. After discovering that none had been published, Simon and Max Schuster decided to launch a company to exploit the opportunity. In 1924, Richard Simon's aunt, a crossword puzzle enthusiast, asked whether there was a book of New York World crossword puzzles, which were very popular at the time. As of 2016, Simon & Schuster was the third largest publisher in the United States, publishing 2,000 titles annually under 35 different imprints. It was founded in New York City on Januby Richard L. Simon & Schuster ( / ˈ ʃ uː s t ər/ SHOO-stər) is an American publishing company and a subsidiary of Paramount Global.
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