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BUSINESS
April 4, 2000 | From Associated Press
Committing millions of dollars to authors that the publishing world usually ignores, a subsidiary of Random House Inc. has purchased a stake in digital custom press Xlibris. Founded three years ago, Xlibris makes books to order and sells them over the Internet through retail outlets such as Barnesandnoble.com and Amazon.com. Xlibris has published about 600 books so far, some selling as many as 1,000 copies, and hopes to release "tens of thousands" of books during the next few years.
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BUSINESS
January 24, 1999 | JOSH GETLIN, TIMES STAFF WRITER
Reinhard Mohn's journey to the heights of international publishing began humbly enough--in an American camp for German prisoners during World War II. While he was behind barbed wire, the Nazis shut down several divisions of his family's book business and jailed three officials. Later, Allied planes flattened what was left of the Bertelsmann company's physical plant in northern Germany. Some might have thought the 110-year-old firm was kaput.
NEWS
July 22, 1998 | WANDA COLEMAN, SPECIAL TO THE TIMES
List Fever continues to spread. Hot on the heels of the American Film Institute's 100 greatest American movies, the editorial board of the Modern Library, a division of Random House, has compiled its choices of the 100 finest English-language novels published in this century. Executives at Random House say they hope this latest list will stimulate discussion of great works of fiction as well as stimulate sales.
NEWS
July 22, 1998 | STEVE WASSERMAN, TIMES BOOK EDITOR
List Fever continues to spread. Hot on the heels of the American Film Institute's 100 greatest American movies, the editorial board of the Modern Library, a division of Random House, has compiled its choices of the 100 finest English-language novels published in this century. Executives at Random House say they hope this latest list will stimulate discussion of great works of fiction as well as stimulate sales.
NEWS
May 28, 1998 | PAUL D. COLFORD, SPECIAL TO THE TIMES
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.
NEWS
May 27, 1998 | MARK EHRMAN, SPECIAL TO THE TIMES
Norman Mailer slipped into town Wednesday night without fanfare. The 75-year-old master of American prose appeared at the Writers Guild Theater in Beverly Hills as one speaker in the nonprofit Writers Bloc author / lecture series. According to guild President Andrea Grossman, the program "is dedicated to bringing great writers to Los Angeles. We were thrilled to get him."
BUSINESS
April 24, 1998 | Reuters
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.
NEWS
April 9, 1998 | PAUL D. COLFORD, SPECIAL TO THE TIMES
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."
BUSINESS
March 24, 1998 | From Bloomberg News
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.
BUSINESS
November 26, 1997 | Washington Post
After seven years as the most high-profile book publisher in the country, Harold Evans announced he is stepping down from his post at Random House to be editorial director of Mortimer Zuckerman's media properties. Zuckerman, a real estate developer, owns the New York Daily News, U.S. News & World Report, Atlantic Monthly and Fast Co. Random House has named Ann Godoff, who had risen to become No. 2 to Evans, to assume Evans' post. Random House is one of the flagship imprints of Random House Inc.
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