Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Martin Peers of Reuters reported today that Viacom is close to hiring Morgan Stanley to take care of the sale of Simon & Schuster -- most likely to be in balkanized form.

The piece ended on an interesting note comparing the valuations of consumer v. educational publishing:

<<More likely, bankers say, is that the educational and consumer publishing units would be divided and sold separately. Either one could be wrapped together
with the smaller professional publishing unit, bankers said.

Separating the assets may also make more sense because educational publishing is perceived as being more valuable than consumer publishing. Montgomery
Securities analyst John Tinker noted in a recent report on a possible sale that while "traditional publishing" was currently valued at about 10 times earnings
before interest, taxes, depreciation and amortization, "educational assets, particularly computer-based, are currently receiving high multiples implying a
significant premium to the $4 billion" total. >>

--Gabrielle
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.