April 24, 1998 |
Two influential publishing groups said they will seek to block Bertelsmann's planned purchase of New York-based Random House Inc., saying the German company would control 36% of the U.S. adult book market. The Authors Guild, which represents 7,200 published authors, and the Assn. of Authors' Representatives, an organization of literary and dramatic agents, said they were filing a formal objection with the Federal Trade Commission.
August 16, 2001 |
Random House Inc. and Classic Media Inc. said they won a U.S. Bankruptcy Court auction for the assets of children's book publisher Golden Books Family Entertainment Inc. with a joint bid of $84.4 million and assumption of most debt.
September 8, 2006 |
Memoirist James Frey and Random House Inc. have agreed in principle to settle lawsuits filed by readers who said they were defrauded by fabrications in Frey's million-selling book, "A Million Little Pieces," the publisher said. "I can confirm that we have an agreement in principle," David Drake, a spokesman for the Random House imprint Doubleday, said Thursday. "However, it requires court approval and may take several weeks and even months."
November 9, 1989
Alberto Vitale will become the new chairman, president and chief executive of Random House Inc., the largest general trade book publisher in the United States. Vitale, 55, is currently president and chief executive of the Bantam Doubleday Dell Publishing Group Inc. He succeeds Robert L. Bernstein, who is retiring at the end of the year. "Bob has built Random House into one of the world's great publishing businesses," Vitale said. "But at the same time . . .
November 8, 2000 |
Publishing heavyweight Random House Inc. announced it will split revenue from electronic books evenly with authors, a change that could shape a heated industry debate over digital technology. Random House, the largest English-language publisher, said it will pay authors 50% of the revenue it generates from the sale of e-books, a minuscule market but one that is expected to boom. Authors currently earn 15% of an e-book's list price.
December 23, 1988 |
The Federal Trade Commission on Thursday issued complaints against six of the nation's largest book publishers for allegedly discriminating illegally against independent bookstores by selling books at discounted prices to major bookstore chains. The complaints allege that the six publishers sell books at lower prices to large bookstore chains, including the nation's three biggest: Waldenbooks Inc., B. Dalton Bookseller and Crown Books Corp.
August 15, 1996 |
A campaign book published under the name of President Clinton will be released next week outlining Clinton's vision of a hoped-for second term and the nation's future. Random House Inc. will print a very large initial run of 400,000 copies of the 192-page hardcover volume, titled "Between Hope and History: Meeting America's Challenges for the 21st Century."
May 21, 2008 |
NEW YORK -- Putting an end to weeks of gossip and speculation, Bertelsmann, the German media conglomerate, announced Tuesday that Markus Dohle, who runs the company's printing division in Germany, will become the new chief executive of Random House Inc., the nation's largest consumer book publisher. Peter W. Olson, who has run the publishing house for 10 years, will be stepping down to pursue an academic career, the company said in a statement.
April 9, 1998 |
Carol Felsenthal distinguished herself as a digger not easily intimidated by a mighty subject when she wrote "Power, Privilege and the Post," a biography of Washington Post owner Katharine Graham. Published by G.P. Putnam's Sons in 1993, over the expressed concerns of Graham's attorney, the 500-page book still managed to earn the respect of the Post's appointed reviewer. Ronald Steel said the book was "unlikely to please its subject" but that it painted "a persuasive portrait of a gutsy woman."