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.
November 24, 2008 |
With e-book sales exploding in an otherwise sleepy market, Random House Inc. was expected to announce today that it was making thousands of additional books available in digital form, including novels by John Updike and Harlan Coben, as well as several volumes of the "Magic Treehouse" children's series.
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.
March 24, 1998 |
German media company Bertelsmann said it will buy the U.S. publisher Random House Inc. to become the world's largest publisher of English-language general books in a transaction estimated to be worth at least $1.1 billion. Bertelsmann, which owns U.S. publisher Bantam Doubleday Dell, bought the company from Advance Publications Inc., controlled by the Newhouse family. The purchase will give Bertelsmann English-language sales of $1.1 billion to $1.
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.
December 4, 2008 |
The economy has crashed down on a supposedly recession-proof industry -- book publishing -- with consolidation at Random House Inc. and layoffs at Simon & Schuster and Thomas Nelson Publishers. At Random House, the country's largest general trade publisher, the man who helped give the world "The Da Vinci Code" is in talks for a new position, while the publisher of Danielle Steel and other brand-name authors is leaving altogether.
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."
November 27, 1985 |
Outbidding seven other publishers, Random House Inc. has agreed to pay $3 million for Ronald Reagan's official presidential biography, publishing sources said Tuesday. The sum easily tops the $1 million that former President Jimmy Carter received for his memoirs and the more than $2 million that former Budget Director David A. Stockman was paid for his remembrances of the Reagan Administration.
May 28, 1998 |
Norman Mailer and Muhammad Ali--who sparred playfully for the photographers--weren't the only heavyweights at Random House's recent gathering in Manhattan to celebrate publication of "The Time of Our Time," a mammoth new Mailer collection. S.I. Newhouse Jr., head of Random House and arguably the most influential figure in publishing, paid his respects but left as many were still arriving.