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Article: Nothing Random about publisher's new strategy ;Bertelsmann takes fewer risks, reaps profits.(Random House)
- Article from:
- Crain's New York Business
- Article date:
- October 18, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dutch: A Memoir of Ronald Reagan has kicked up a storm of controversy over author Edmund Morris' dubious technique of mixing fact with fiction.
Despite the fracas, the book debuted at No. 2 on the New York Times best-seller list on Sunday. A potential embarrassment is instead another triumph for publisher Random House Inc.
Since German media conglomerate Bertelsmann AG bought Random House and merged it with its Bantam Doubleday Dell book operations, the company has had more than its share of successes. In its first fiscal year, ended June 30, the new Random House notched up an astounding 157 books on the best-seller list, had 32 books sell more than 1 ...