The deal falling through means that Paramount will receive a $200 million termination fee from Penguin Random House. It’s unclear what will happen to Simon & Schuster now, but they are still looking for a buyer, and Hachette and HarperCollins have both expressed interest during the trial. Simon & Schuster has has had record sales recently, and its chief executive has said, “We are more successful and valuable today than we have ever been.” You can read more about this story at the New York Times. Find more news and stories of interest from the book world in Breaking in Books.
