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S & S make equity investment in Preiss.(Simon & Schuster acquired 20% of Byron Preiss Multimedia CO. and wil join in a venture producing CD-ROM multimedia projects)(Brief Article)

About 1 pages (162 words)

Publishers Weekly, March 27th, 1995

SIMON & SCHUSTER and Byron Preiss Multimedia Co. announced last week that S&S has acquired a 20% equity interest in the two-year-old multimedia publisher. Terms of the agreement were not disclosed, although S&S will be entitled to one BPMC board seat.

In addition to the investment, the two companies have signed a co-publishing deal for BPMC to develop a number of CD-ROM projects based on S&S material. The first CD-ROM title covered by the agreement is The American Heritage Multimedia History of ...

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