Simon & Schuster was founded in 1924 by Richard L. However, sales have consistently risen over the years-from $1.60 billion in 1993, to $1.79 billion in 1994, $2.17 billion in 1995, and $2.33 billion in 1996. The poorer results reflected fewer releases from the Consumer group, decreased international sales stemming from the Asian economic crisis, and lower sales of computer books because of the delay in the release of Windows 98. Sales dropped 5 percent to $377 million for the first quarter of 1998, while the operating loss rose to $88.5 million from $57.8 million in the first quarter of 1997. The increase in sales came from the company's International, Macmillan Publishing USA, and Education groups.
Operating income rose 2 percent to $221.7 million. In 1997 Simon & Schuster recorded a 6-percent increase in sales to $2.47 billion. Lasser's Tax Guides, and The Macmillan Baseball Encyclopedia. Well-known noncomputer products include Betty Crocker cookbooks, Frommer's Travel Guides, J.K. In 1997 it was one of the largest computer book publishers in the world its imprints include Que, Sams, and Ziff-Davis Press.
Macmillan Publishing USA is Simon & Schuster's reference publishing division. The group's books and multimedia products are offered through a 25,000-title catalog handled by sales offices and subsidiaries in 43 countries. This group produces and sells Simon & Schuster products outside of the United States it also includes medical, financial, and other professional books sold internationally. International and Business & Professional Group Some of its imprints include Prentice Hall, Silver Burdett Ginn, Allyn & Bacon, and Merril Education. Simon & Schuster is a leading publisher of textbooks and other educational materials for children, young people, and adults, with sales of over $1 billion annually. Some of the company's imprints (essentially, brand names) include Scribner, Kaplan Books, Touchstone, Baseball America, Aladdin Paperbacks, Anne Schwartz Books, and Atheneum Books for Young Readers. In 1996 the company had 55 books on the New York Times' best-seller list, including Angela's Ashes by Frank McCourt, Waiting to Exhale by Terry McMillan, and We're Right, They're Wrong by James Carville and Mary Matalin. Simon & Schuster publishes many popular fiction and nonfiction authors in hardcover, paperback, audio-book, and CD-ROM formats. In 1997 Simon & Schuster had total revenues of $2.5 billion. Simon & Schuster has four separate groups: Consumer, Education, International and Business & Professional, and Macmillan Publishing USA. It is owned by Viacom Inc., which also owns Blockbuster Video, MTV, Nickelodeon, Paramount Pictures, and a host of other media companies. Simon & Schuster is one of the leading publishers in the United States. Headquarters: 1230 avenue of the americas
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