Investment firm KKR has completed its $1.62.billion acquisition of publisher Simon & Schuster from Paramount Global.
KKR is supporting Simon & Schuster’s employee ownership program. KKR has awarded billions of dollars of total equity value to over 60,000 non-senior management employees since 2011.
more at: https://www.mediapost.com/publications/article/390645/kkr-completes-purchase-of-simon-schuster.html
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Highlights for the third quarter: • Ended the third quarter of 2017 with $51.4 million of cash and cash equivalents and $9.1 million of restricted cash; Torstar has no bank indebtedness. • Cash provided by operating activities was $9.7 million in the third quarter of 2017 reflecting a $7.8 million decrease in working capital combined with $1.9 million of cash generated by operating activities in the quarter. • Our net loss attributable to equity shareholders was $6.6 million ($0.08 per share) in the third quarter of 2017. This compares to a net income of $1.4 million ($0.02 per share) in the third quarter of 2016. Click Read More below for additional information.