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Publishing industry

Simon & Schuster Aligns Core Businesses for Global Growth in Publishing and Education Technology

Strategic Insights

— 2 min read

Simon & Schuster, the world's largest English language book publisher, has realigned its core businesses to focus on international publishing and education technology. The company's President and CEO, Jonathan Newcomb, stated that international publishing and educational technology are critical growth businesses essential to the company's long-term success. The new alignment includes the creation of the International, Business and Professional Group and the Education Technology Group.

Key Takeaways:

  • The International, Business and Professional Group combines the operations of Simon & Schuster's International Group with its business, training, and healthcare units, including Appleton & Lange, the Bureau of Business Practice, Jossey-Bass, Prentice Hall Direct, The New York Institute of Finance (NYIF), and Master Data Center.
  • The Education Technology Group comprises Computer Curriculum Corporation and Educational Management Group (EMG), delivering interactive multimedia instructional materials and live interactive television services to over 2.5 million children in over 11,000 schools in all 50 states.
  • The International Group has already identified opportunities for global expansion in education, professional, reference, and training publishing, with Simon & Schuster having operations in 34 countries and publishing in local languages in more than 20 countries.
  • International sales represented 15% of total company revenues in 1994, growing nearly 20% annually over the last four years, with key growth regions including Asia, Latin America, Europe, and Australia.
  • The Education Technology Group delivers individualized multimedia instruction to over 1.5 million students in 8,000 schools in six countries, with EMG developing and delivering customized video curriculum and interactive television services to one million students in 3,500 schools.
  • Simon & Schuster's imprints include Simon & Schuster, Prentice Hall, Silver Burdett Ginn, Globe Fearon, Allyn & Bacon, Computer Curriculum Corporation, Modern Curriculum, Simon & Schuster Custom Publishing, Pocket Books, Scribner, The Free Press, Simon & Schuster Interactive, Macmillan Publishing USA, New York Institute of Finance, Bureau of Business Practice, Career and Personal Development, and Jossey Bass.

Statistics:

  • International sales represented 15% of total company revenues in 1994.
  • The company's business outside the U.S. has grown nearly 20% annually over the last four years.
  • The Education Technology Group delivers instructional materials and services to over 2.5 million children in over 11,000 schools in all 50 states.
  • Computer Curriculum Corporation delivers individualized multimedia instruction to over 1.5 million students in 8,000 schools in six countries.
  • EMG develops and delivers customized video curriculum and interactive television services to one million students in 3,500 schools.
  • The Education Technology Group delivers live interactive television services to over 2.5 million children in over 11,000 schools in all 50 states.

Sources:

  • PR Newswire, May 1 /PRNewswire/
  • Simon & Schuster
  • Viacom Inc.
  • Andrew Giangola of Simon & Schuster, 212-698-7111, Andrew_Giangola@Prenhall.com

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