Article: German Media Giant Buys Random House Purchase of August Publisher Cements Bertelsmann as No.1 in the U.S. Market

John Schmid
International Herald Tribune
03-24-1998
The German media group Bertelsmann AG, fulfilling an ambition to become the world's leading English-language book publisher, said Monday it would buy Random House Inc., America's biggest publisher of general-interest books and one of its oldest and most prestigious imprints.

The purchase of Random House from Advance Publications Inc., which is controlled by the Newhouse family, ensures that Bertelsmann will rank among the most influential publishers on the globe. It will have a leading position in the huge U.S. market and bring into one stable some of the English language's best-selling authors, said Jim Milliot, business editor for New ...

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