Mergers & Acquisitions

The merger of Simon & Schuster parent company CBS with Viacom was completed yesterday afternoon. The new ViacomCBS will have combined sales of about $28 billion.

Scribd said the new investment will be used to support growth and product innovation as well as enhance operations.

The company said the book group has annual sales of about $200 million.

Vesuvian Media Group, a books-to-film multimedia company, has acquired Black Spot Books, which has a growing list of adult and young adult titles.

Conari Press, an imprint of Red Wheel/Weiser founded in 1987 that focuses on categories such as spirituality and personal growth, was acquired by the Miami-based Mango Publishing in a deal that closed earlier this month.

The Christian multimedia company 1517 Media whose imprints include Beaming Books, Fortress Press, and Augsburg Books, has acquired Lutheran University Press,

In a deal that closed September 13, Chicago Review Press acquired Amberjack Publishing. Based in Eagle, Idaho, Amberjack has a backlist of 63 titles, including 'Girl Boner' (2017).

Simon & Schuster parent company CBS will merge with Viacom in a deal expected to be completed by the end of 2019. The combined company will have $28 billion in revenue and S&S will be overseen by current Viacom CEO Bob Bakish.

The Specialty Graphic Imaging Association (SGIA), a non-profit trade group for digital and screen printing professionals, announced today that it has acquired NAPCO Media, the parent company of Book Business and publisher of multiple brands serving the printing, promotional products, retail, non-profit, media, and marketing industries.

Elliott Advisors has completed its $683 million purchase of Barnes & Noble. As a result of the deal, Waterstones CEO James Daunt takes over as B&N CEO as well. Elliott now owns both Waterstones and B&N.