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Dear Colleagues, I am writing today because, as you may have heard, Paramount has terminated its agreement to sell Simon & Schuster to Penguin Random House, and there will be no appeal of Judge Florence Pan’s decision to block the merger of the two companies. This news is still fresh, and at this point I have no specific information to impart about what will happen in the coming months. You may read or hear rumors and speculation about our future, but you can be assured that I will keep you informed as soon as there is pertinent news I can share. I am grateful for your patience and dedication to our mission during all that has transpired over these many months since the sale began. Ultimately, what matters the most is the work we do together, on behalf of our authors and our books. Over the past three years, we have reached new heights of accomplishment. Simon & Schuster has never been more profitable and valuable than it is today. And that is because of the effort, ingenuity, and perseverance that you bring to our endeavors.

While holiday unit sales of print books got off to a slow start Thanksgiving weekend, they ended on a strong note. Print unit sales increased 7% in the week ended Dec. 24, 2017, over the comparable week in 2016 at outlets that report to NPD BookScan. The gain was driven by the retail and club channel, where unit sales were 8% higher than the week ended Dec. 25, 2016. Sales through mass merchandisers fell 2% in the week compared to 2016. Juvenile nonfiction had the strongest gain among the major book segments, with units up 19% over 2016. Rob Elliott’s Laugh-Out-Loud Jokes for Kids was #1 on the category bestseller list, selling more than 33,000 copies. Star Wars: The Last Jedi: The Visual Dictionary by Pablo Hidalgo moved up the list in the week, selling almost 25,000 copies, which put it in fourth place on the segment bestseller list. Click Read More below for additional information.

In a new report released this week, PEN America found 3,362 instances of books banned in public schools in the 2022-23 school year, marking a 33% increase over last year. And in an eyeopening finding, PEN officials found more than 40% percent of all book bans tracked by PEN America occurred in school districts in Florida—1,406 across 33 school districts across the state—with Texas a distant second (625), followed by Missouri (333), Utah (281), and Pennsylvania (186). "Amid a growing climate of censorship, school book bans continue to spread through coordinated campaigns by a vocal minority of groups and individual actors and, increasingly, as a result of pressure from state legislation," the report, Banned in the USA: The Mounting Pressure to Censor, finds.