Simon & Schuster’s Private-Equity Marriage Looks Good on Paper, but Will the Honeymoon Last?

CEO Jonathan Karp is touting the “commitment to growth” promised by storied investment firm KKR, which has inked a $1.6 billion deal to buy S&S from Paramount Global. But cost cutting fears are always just a bean count away: “How much leaner can they get? We’re about to find out.”