NEW YORK (AP) \u2014 The CEO of Simon & Schuster, Jonathan Karp, is stepping down from his position, but will remain with the company as the head of a new imprint.<\/p>\n
NEW YORK (AP) \u2014 The CEO of Simon & Schuster, Jonathan Karp, is stepping down from his position, but will remain with the company as the head of a new imprint. <\/p>\n
\u201cMy north star has always been our authors and their books, and I have decided it\u2019s time for me to return to the part of publishing that animates me the most,\u201d Karp said in a statement Tuesday. \u201cI remain deeply committed to our mission and am excited to remain a devoted shareholder who will support our next leader and the entire team however I can.\u201d<\/p>\n
Karp, 61, has had an eventful and often tumultuous reign since becoming president and CEO of Simon & Schuster in 2020. His predecessor, Carolyn Reidy, had died suddenly and he soon found himself guiding the century-old publisher through the pandemic amid ongoing uncertainty about its ownership. Parent company Paramount Global’s sale of Simon & Schuster to rival publisher Penguin Random House was blocked in 2022 by a federal judge after the Department of Justice sued over antitrust concerns. In 2023, Simon & Schuster was sold to the private equity firm KKR for $1.62 billion.<\/p>\n
Authors at Simon & Schuster include Bob Woodward, Stephen King and Colleen Hoover.<\/p>\n
In a telephone interview with The Associated Press, Karp said that a search for his successor has begun and that he will stay in his current job until one is chosen. Meanwhile, he will launch the imprint Simon Six, publishing just six books a year. Karp’s new job will be similar to a previous one: In 2005, he founded Twelve, a Hachette Book Group imprint that released only one book a month. Sen. Ted Kennedy’s \u201cTrue Compass\u201d and Christopher Hitchens’ \u201cGod Is Not Great\u201d were among Twelve’s bestsellers.<\/p>\n
As Simon & Schuster’s CEO, Karp continued to work directly with some authors, including former Vice President Kamala Harris for her upcoming campaign memoir, \u201c107 Days,\u201d and a longtime favorite of Karp’s, John Irving, for his new novel, \u201cQueen Esther.\u201d<\/p>\n
\u201cI loved the challenge of being CEO, but there had to be an end point,\u201d Karp told the AP. \u201cI think what every editor really wants, more than anything else, is a good ending.\u201d<\/p>\n
Hillel Italie, The Associated Press<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 The CEO of Simon & Schuster, Jonathan Karp, is stepping down from his position,…\n","protected":false},"author":2,"featured_media":98262,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[64,63,457,134],"class_list":["post-98261","post","type-post","status-publish","format-standard","has-post-thumbnail","category-books","tag-au","tag-australia","tag-books","tag-entertainment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/98261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=98261"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/98261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/98262"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=98261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=98261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=98261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}