August 16, 1988 |
Random House Inc. said Monday that it has signed a contract to acquire Crown Publishing Group, a book marketer and publisher whose best-selling authors include Judith Krantz, Jean Auel and Dominick Dunne. The price was not disclosed. Crown's biggest business is Publishers Central Bureau, a major mail-order distributor of books and audio and visual materials; its second biggest is Outlet Book Co., a leading marketer of promotional, remaindered and bargain books.
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.
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, 1989 |
Alberto Vitale, president of Bantam Doubleday Dell Publishing, today was named chairman, president and chief executive officer of Random House, the nation's largest general trade book publisher. The Italian-born Vitale, 55, will take over his posts Jan. 3, succeeding Robert L. Bernstein, 66, who announced his retirement last Wednesday. Vitale's appointment was announced by S. I. Newhouse Jr., whose family owns Random House.
November 25, 2008 |
With e-book sales exploding in an otherwise sleepy market, Random House Inc. announced Monday 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. The publisher already has more than 8,000 books in the electronic format; its digital library will grow to nearly 15,000. The new round of e-books is expected to be completed within months. Although e-book sales have increased dramatically this year, thanks in part to Amazon.
December 4, 1997 |
Among the highs in Harold M. Evans' seven eventful years as president and publisher of Random House was the fall of 1994. He described himself at the time as "a Japanese wrestler who's suddenly wrestling with himself," because eight of his company's books were simultaneously on the New York Times' national bestseller list and two more were about to "make the list" as well.
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.
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.
June 1, 1998 |
Federal antitrust authorities have cleared the way for German media conglomerate Bertelsmann to acquire the biggest U.S. book publisher, Random House, the German company said Sunday. The Federal Trade Commission "has raised no objections" to Bertelsmann's application to buy Random House. "Bertelsmann is thus cleared by the FTC to close its transaction, as originally scheduled, by midsummer," a company statement said.
March 6, 1990 |
About 350 authors, editors, literary agents and sympathizers staged a noisy sidewalk protest Monday to accuse Random House of destroying one of its key subsidiaries for financial reasons. "The bottom line is not the last word," read one sign displayed outside the publishing giant's mid-town headquarters, where a lunchtime crowd had to thread its way past police barricades. The protesters charged that Random House owner Samuel I.