NEW RULER AT SIMON & SCHUSTER

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-01314R000300090012-1
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: November 9, 2004
• Sequence Number: 12
• Publication Date: January 25, 1955
• Content Type: NSPR

NEW YOUR
DERAL D TRfBEThdP
Approved For Release 2005/01/11: CIA-R
.3d4av! 2 5 ?WS
1
' r
H 4LAZ/
By Seymour Krim
o/ The Herald Tribune Stuff
LconShimkin, the 59-year-
old chairman of the Board of
Simon: & Schuster, Inc. and
controlling stockholder of
Pocket Books Inc., will today
become the total boss of a
"littl: > General Motors" of the
publishing industry.
The informal, shirt-sleeved
business pilot of the 42-year-
old Simon & Schuster pub-
lishing house announced yes-
terday in his office that the
50 per cent interest in S & S
stock now held by M. Lincoln
Schuster would be acquired by
the company this afternoon.
..' ir. S;Zimkin, now a 50 per
cent owner of Simon &
Schuster, will then become
7.he sole'emaiili t
n
h
l
Although competition in this
field has increased astronomi-
cally, Pocket Books Is still
credited in the trade with
publishing some 20 per cent
of the moderately priced
pa.perbooks consumed In this
country.
"I tried to apply the mass-
production and mass-distribu-
tion methods of American
business to the book business,"
Mr. Shimkin said yesterday,
reviewing "my 92 years in
publishing-42 with S&S, 26
with Pocket Books, and 24
years with Golden Books, our
low-cost Pocket equivalent
for children."
In 1944, Mr. Shimkin was In-
strumental in consolidating a
business deal with the now-de-
5 s oc
o
der
ceased Marshall Field III,
of she Privately owned pub- president of Field Enterprises
in,' company which rose to
1 h Lively genteel boos business Inc., which."sold" both Simon .
ln'o..._n