ViacomCBS Wants to Sell Simon & Schuster

Media giant ViacomCBS (NASDAQ: VIAC) (NASDAQ: VIACA) is looking for "strategic alternatives" for publishing house Simon & Schuster. Viacom CEO Bob Bakish says he doesn't see Simon & Schuster as a "core asset of the company," opening the door to a spinoff or sale of the entire unit.

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Bakish shared this information in a conference presentation on Wednesday:

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Source Fool.com