Simon & Schuster's parent company has terminated its deal to sell the book publisher to rival Penguin Random House
Paramount Global , which owns the Simon & Schuster book-publishing unit, said in a federal filing Monday that it has terminatedParamount said that Simon & Schuster “remains a
non-core asset” and that the publisher “does not fit strategically within Paramount’s broader portfolio,” suggesting Simon & Schuster eventually will go back on the sales block.
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