Random House

  1. Bertelsmann Shuts Its German Book and Music Club Business

    June 18, 2014 9:02 AM EDT Marking the end of an era, German media giant Bertelsmann has shut down its German book and music club business, saying the division will be rolled up completely by the end of 2015. The Bertelsmann book club was set up in 1950 by company founder R ...

  2. Bertelsmann Registers Record First-Half Operating Profit

    August 30, 2013 4:27 AM EDT German media giant Bertelsmann on Friday reported its highest profit from operations for a first half of the year in its long history, with operating profit jumping $50 million to $1.02 billion. The company also posted net profit of $557 million ...

  3. Bertlesmann Appoints Thomas Rabe New Chairman & CEO; Hartmut Ostrowski Stepping Down

    October 10, 2011 12:21 PM EDT The Bertelsmann AG Supervisory Board today (Oct. 10) appointed Thomas Rabe 46, currently Chief Financial Officer of the Group, its future Chairman & CEO. He will succeed the current Chairman & CEO Hartmut Ostrowski, 53, on January 1, 2012. ...

  4. Bertelsmann on Mergers and Acquisitions Path In 2011

    March 29, 2011 8:01 AM EDT Europe's biggest media group Bertelsmann BERT.UL said it had the financial muscle to look at acquisitions again after reducing its debt, and would look at Warner Music Group (WMG.N) and possibly EMI. Bertelsmann, which launched its biggest-ev ...

  5. With E-books Still Young, A Hit Novel Reaches 30% Digital Share

    November 09, 2010 12:00 AM EST Sales of John Grisham’s latest book, “The Confession,” have reached a digital mile marker far faster than digital albums. According to an article at the Wall Street Journal , 70,000 of the 230,000 units sold in the first week were e-book sales. Am ...

  6. Ex-Tom Waits Manager Sues Author, Random House

    June 25, 2009 12:00 AM EDT Herb Cohen, former record executive and manager for Tom Waits has sued journalist Barney Hoskyns and Random House, his publisher, for $1 million over claims allegedly made in Hoskyns' "Lowside of the Road, A Life of Tom Waits." The ...

  7. Bertelsmann Execs Waive Bonuses

    March 24, 2009 12:00 AM EDT Bertelsmann recorded a solid business performance in 2008, according to chairman and CEO Hartmut Ostrowski, who announced the results in Berlin. At the press conference today (March 24), Ostrowski said that as the German media company expects the ...

  8. Bertelsmann Triples Profit

    November 11, 2008 12:00 AM EST Bertelsmann AG, the Germany media company, has reported figures for the first nine months of 2008 including a tripling of its net profits to €387 million ($493 million). The figure to the end of September was up 193% from €132 million ($168 millio ...

  9. Carro Rises At Bertelsmann's Direct Group

    September 03, 2007 12:00 AM EDT Bertelsmann has appointed Fernando Carro as CEO of its Direct Group as part of a reorganization of the division, which comprises book clubs, music clubs and e-commerce. Carro, who has held executive positions at Direct Group -- including MD at the ...

  10. Sources: Ostrowski To Be Named New Bertelsmann CEO

    January 16, 2007 12:00 AM EST Media conglomerate Bertelsmann is set to name Hartmut Ostrowski, the head of its printing and media services division, as the group's new chief executive on Friday, sources familiar with the matter said. "It's clear that Ostrowski w ...