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Random House
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Random House is an imprint and publishing group of Penguin Random House.[1][2][3] Founded in 1927 by businessmen Bennett Cerf and Donald Klopfer as an imprint of Modern Library, it quickly overtook Modern Library as the parent imprint. Over the following decades, a series of acquisitions made it into one of the largest publishers in the United States. In 2013, it was merged with Penguin Group to form Penguin Random House, which is owned by the Germany-based media conglomerate Bertelsmann. Penguin Random House uses its brand for Random House Publishing Group and Random House Children's Books, as well as several imprints.
Key Information
Company history
[edit]20th century
[edit]Random House was founded in 1927 by Bennett Cerf and Donald Klopfer, two years after they acquired the Modern Library imprint from publisher Horace Liveright, which reprints classic works of literature. Cerf is quoted as saying, "We just said we were going to publish a few books on the side at random", which suggested the name Random House.[4]
In 1934, they published the first authorized edition of James Joyce's novel Ulysses in the Anglophone world.[5] Ulysses transformed Random House into a formidable publisher over the next two decades. In 1936, it acquired Smith and Haas, and Robert Haas became the third partner until retiring and selling his share back to Cerf and Klopfer in 1956. The acquisition of Smith and Haas added authors, including William Faulkner, Isak Dinesen, André Malraux, Robert Graves, and Jean de Brunhoff, who wrote the Babar children's books.
Random House also hired editors Harry Maule, Robert Linscott, and Saxe Commins, and they brought authors such as Sinclair Lewis and Robert Penn Warren with them.[6] Random House entered reference publishing in 1947 with the American College Dictionary, which was followed in 1966 by its first unabridged dictionary.
In October 1959, Random House went public at $11.25 a share. This was a factor in decisions by other publishing companies, including Simon & Schuster, to later go public.[7] American publishers Alfred A. Knopf, Inc. and Beginner Books were acquired by Random House in 1960, followed by Pantheon Books in 1961; works continue to be published under these imprints with editorial independence, such as Everyman's Library, a series of classical literature reprints.
In 1965, RCA bought Random House as part of a diversification strategy. Random House acquired the paperback book publisher Ballantine Books in 1973.[8] RCA sold Random House to Advance Publications in 1980.[7][9] Random House began publishing audiobooks in 1985.[10]
In 1988, Random House acquired Crown Publishing Group.[11] Also in 1988, McGraw-Hill acquired Random House's Schools and Colleges division.[12]
In 1998, Bertelsmann AG bought Random House and merged it with Bantam Doubleday Dell and it soon went global.[13] In 1999, Random House acquired the children's audiobook publisher Listening Library,[14]and sold its distribution division.[15]
21st century
[edit]In 2001, Phyllis E. Grann joined Random House as vice chairman.[16] Grann was the CEO for Putnam and had grown that house from $10 million in revenue in 1976, to more than $200 million by 1993 and without increasing their title output.[16] A publishing insider commented, "I think maybe instead of buying a company [Random House CEO Peter Olson] bought a person."[16]
In 2003, Random House reentered the distribution business.[17] During the 2008 financial crisis, the publishing industry was hit hard with weak retail sales.
In May 2008, Random House CEO Peter Olson stepped down and was replaced by Markus Dohle.[18]
In October 2008, Doubleday, a division of Random House, announced that they would lay off 16 people, representing approximately 10% of its workforce.[19]
In early December 2008, which became known as Black Wednesday in publishing circles, many publishers including Random House took steps by restructuring their divisions and laying off employees.[20]
The reorganization consolidated and created three divisions, including Random House Publishing Group, Knopf Doubleday Publishing Group, and Crown Publishing Group.[21][22]
Susan Kamil was named editorial director for Dial Press and editor-in-chief of Random House imprints reporting to Gina Centrello, the president and publisher of the Random House Publishing Group.[20] There were layoffs at Doubleday, now part of Knopf Publishing Group, and Dial Press, Bantam Dell. Spiegel & Grau was moved from Doubleday over to Random House. Random House also has an entertainment production arm for film and television, Random House Studio; which released the film, One Day in 2011.[23] The company also creates story content for media including video games, social networks on the web, and mobile platforms.
Random House is one of the largest English language publishers, and part of a group of publishers once known as the "Big 6" and now known as the "Big Five".[24] In October 2012, Bertelsmann entered into talks with rival conglomerate Pearson plc, over the possibility of combining their respective publishing companies, Random House and Penguin Group.[25]
On July 1, 2013, the merger was completed, and the new company emerged as Penguin Random House.[26] When founded, Bertelsmann owned 53% of the joint venture while Pearson owned 47%.[27][25]
Pearson sold 22% of its shares to Bertelsmann in July 2017, and since April 2020, it is a wholly owned subsidiary of Bertelsmann, making Random House division again wholly owned by German parent. At the time of the acquisition the combined companies controlled 25% of the book business with more than 10,000 employees and 250 independent publishing imprints and with about $3.9 billion in annual revenues.[27] The move to consolidate was to provide leverage against Amazon.com and battle the shrinking state of bookstores.[27]
In October 2018, Penguin Random House merged two of its most known publishing lines, Random House and the Crown Publishing Group. According to Madeline McIntosh, chief executive of Penguin Random House U.S., the two lines "will retain their distinct editorial identities."[28] McIntosh explained some of the motivation behind the merger in a memo to employees, writing, "Book discovery and buying patterns continue to shift, resulting in growth opportunities in the nonfiction categories in which Crown in particular already has a strong foothold: food, lifestyle, health, wellness, business, and Christian."[28] "We must invest even more aggressively in title-level and scaled marketing programs, capabilities and partnerships", she added.[28][29]
In 2019, Penguin Random House acquired British children's book publisher Little Tiger Group, including Tiger Tales Press, a U.S. subsidiary, and added it to Random House Children's Books.[30] Penguin Random House announced an agreement to purchase Boom! Studios in July 2024, where Boom! would become part of Random House Worlds.[31][32]
Organization
[edit]Headquarters
[edit]The publisher's main office in the United States is located in Penguin Random House Tower, which was constructed in 2009 at 1745 Broadway in Manhattan. The 684-foot (210 m) building spans the west side of the block between West 55th and West 56th Streets. The building's lobby showcases floor-to-ceiling glassed-in bookcases, which are filled with books published by the company and its subsidiaries.
Prior to moving to Penguin Random House Tower, the company was headquartered at 457 Madison Avenue, 20 East 57th Street, and 201 East 50th Street, all in Manhattan.[citation needed]
International branches
[edit]Random House, Inc. maintains several independently managed subsidiaries around the world.
The Random House Group is one of the largest general book publishing companies in the United Kingdom;[citation needed] it is based in London.[33]
The group comprises nine publishing companies: Cornerstone Publishing, Vintage Publishing, Ebury Publishing, Transworld Publishers, Penguin Random House Children's, Penguin Random House UK Audio, Penguin Michael Joseph, Penguin Press, and Penguin General.[34] Its distribution business services its own imprints, as well as 40 other UK publishers through Grantham Book Services.[35]
The Random House archive and library is located in Rushden in Northamptonshire.
In 1989, Century Hutchinson was folded into the British Random House Group,[36] briefly known as Random Century (1990–92),[37][33] Century became an imprint of the group's Cornerstone Publishing.[38]
The Random House Group also operates branches in Australia, New Zealand, South Africa (as a joint venture under the name Random House Struik), and India as part of its overseas structure. In Australia offices are in Sydney and Melbourne.[39] In New Zealand it is based in Glenfield, Auckland, while Random House's Indian headquarters are located in New Delhi.
Verlagsgruppe Random House was established after Bertelsmann's 1998 acquisition of Random House, grouping its German imprints (until then operating as Verlagsgruppe Bertelsmann) under the new name; before April 2020, it has explicitly no legal part of the worldwide Penguin Random House company and a hundred percent subsidiary of Bertelsmann instead but de facto is led by the same management. It is the second largest book publisher in Germany with more than 40 imprints, including historic publishing houses Goldmann and Heyne Verlag, as well as C. Bertelsmann, the publishing house from which today's Bertelsmann SE & Co. KGaA would eventually evolve. Verlagsgruppe Random House is headquartered in Munich (with additional locations in Gütersloh (where Bertelsmann is headquartered), Cologne, and Aßlar), employs about 850 people, and publishes roughly 2,500 titles per year. Following the formation of Penguin Random House, a Penguin Verlag (with no legal connection to Penguin Books) was founded for the German market in 2015, as part of the Verlagsgruppe Random House. With Bertelsmann acquiring full ownership of Penguin Random House in April 2020, Verlagsgruppe Random House is being reintegrated with the main Penguin Random House company and now known as Penguin Random House Verlagsgruppe.[40]
Penguin Random House Grupo Editorial is Random House's Spanish-language division, targeting markets in Spain and Hispanic America. It is headquartered in Barcelona with locations in Argentina, Chile, Colombia, Mexico, Venezuela, Uruguay, and the United States. From 2001 until November 2012, it was a joint venture with Italian publisher Mondadori (Random House Mondadori). Upon Bertelsmann's acquisition of Mondadori's stake in the JV, the name was kept temporarily four months.[41] Some Spanish-language authors published by Penguin Random House Grupo Editorial include Roberto Bolaño, Javier Marías, Mario Vargas Llosa and Guillermo Arriaga.
Random House of Canada[42] was established in 1944 as the Canadian distributor of Random House Books. In 1986, Random House of Canada established its own indigenous Canadian publishing program that has become one of the most successful in Canadian history. Until January 2012, it used to hold a 25% stake in McClelland & Stewart, with the remaining 75% being controlled by the University of Toronto. It is now the sole owner of McClelland & Stewart.[citation needed]
Takeda Random House Japan was founded in May 2003 as a joint venture between Kodansha and Random House.[43] In 2009, Random House discontinued the joint venture.[citation needed] Takeda Random House Japan filed for bankruptcy on December 14, 2012.[43]
In 2006, Random House invested in Random House Korea. In 2010, Random House divested their ownership.[citation needed]
In April 2010, Random House Australia managing director, Margie Seale, was assigned the responsibilities of exploring and evaluating potential business opportunities for the company in Asia.[44]
Random House Home Video
[edit]| Company type | Division |
|---|---|
| Industry | Home video |
| Founded | 1984 |
| Defunct | 2005 |
| Fate | Dormant |
| Successor | Sony Wonder Columbia TriStar Home Video Universal Pictures Home Entertainment |
Area served | Worldwide |
| Parent | Random House |
Random House Home Video was a home video unit established by Random House in 1983 and named Random House Video until 1984. Random House's home video division was the distributor of some television shows, such as Sesame Street (1986–1994), The Busy World of Richard Scarry (1993–2005), Arthur (1996–2006), and The Berenstain Bears, the original 1985–1987 animated television series (1989–2005, 2008–2009), and Golden Books (2001–2005). In 1994, it began distributing through Sony Wonder. Random House Home Video became dormant around 2005, but Sony Wonder still continued to use Random House Home Video's logo on Arthur VHS tapes and DVDs until 2006.
See also
[edit]References
[edit]- ^ "Random House – Bertelsmann AG" (in German). Archived from the original on June 3, 2013. Retrieved August 13, 2012.
- ^ "Größter Buchverlag der Welt bekommt neuen Chef" [Largest book publisher in the world gets new boss]. Frankfurter Allgemeine Zeitung. Reuters. May 20, 2008. Archived from the original on August 22, 2013. Retrieved August 21, 2013.
- ^ "Randomhouse.biz – About Us". Business Solutions. Random House. December 31, 2011. Archived from the original on May 1, 2013. Retrieved August 12, 2013.
- ^ C250.columbia.edu Archived April 8, 2016, at the Wayback Machine, Bennett Alfred Cerf Biography
- ^ Birmingham, Kevin (2014). The most dangerous book: the battle for James Joyce's Ulysses. London: Head of Zeus. ISBN 9781784080723.
- ^ Bernstein, Robert L. (2016). "Chapter 3". Speaking Freely: My Life in Publishing and Human Rights. New York: The New Press. ISBN 9781620971727.
- ^ a b Korda, Michael (1999). Another Life : a memoir of other people (1st ed.). New York: Random House. ISBN 0-679-45659-7.
- ^ "Random House in Deal for Ballantine Books". The New York Times. January 9, 1973. ISSN 0362-4331. Archived from the original on November 8, 2020. Retrieved November 3, 2019.
- ^ "RCA History". bobsamerica. Archived from the original on February 24, 2021. Retrieved October 3, 2015.
- ^ Brooke, James (July 2, 1985). "Listened to Any Good Books Lately?". The New York Times. ISSN 0362-4331. Archived from the original on February 20, 2023. Retrieved February 21, 2023.
- ^ Mitgang, Herbert (August 16, 1988). "Random House Buys Crown". The New York Times. ISSN 0362-4331. Archived from the original on September 1, 2020. Retrieved November 27, 2018.
- ^ McDowell, Edwin (September 29, 1988). "McGraw-Hill Is Buying 2 Random House Units". The New York Times. Archived from the original on July 8, 2018. Retrieved February 12, 2017.
- ^ "History of Random House Inc.", from Funding Universe. Archived March 4, 2012, at the Wayback Machine. Retrieved April 13, 2008.
- ^ Maughan, Shannon (July 12, 1999). "Random House Acquires Listening Library". Publishers Weekly. Archived from the original on November 8, 2020. Retrieved April 2, 2019.
- ^ Milliot, Jim (May 3, 1999). "Executive Group to Acquire Random's Distribution Division". Publishers Weekly. Archived from the original on January 28, 2023. Retrieved February 5, 2023.
- ^ a b c Maneker, Marion (January 1, 2002). "Now for the Grann Finale". New York. Archived from the original on August 6, 2020. Retrieved May 23, 2018.
- ^ Milliot, Jim (May 27, 2003). "Random House to Reenter Distribution Business". Archived from the original on January 31, 2023. Retrieved February 5, 2023.
- ^ Rich, Motoko (May 21, 2008). "Publishing Outsider Picked to Head Random House". The New York Times. ISSN 0362-4331. Archived from the original on April 14, 2021. Retrieved May 26, 2018.
- ^ Rich, Motoko (October 28, 2008). "Doubleday Publishing Lays Off 10% of Its Employees". The New York Times. ISSN 0362-4331. Archived from the original on November 7, 2020. Retrieved May 27, 2018.
- ^ a b Rich, Motoko (December 17, 2008). "New Editor at Random House, Layoffs at Doubleday and Broadway". ArtsBeat. Archived from the original on September 28, 2020. Retrieved May 17, 2018.
- ^ Milliot, Jim (January 19, 2009). "Random Puts Its House in Order". Publishers Weekly. Archived from the original on September 29, 2020. Retrieved April 3, 2016.
- ^ Rich, Motoko (December 3, 2008). "Major Reorganization at Random House". ArtsBeat. Archived from the original on June 18, 2013. Retrieved April 3, 2016.
- ^ Chang, Justin (August 17, 2011). "One Day". Variety. Retrieved August 19, 2024.
- ^ The Big Six publishers, which have since been reduced to the "Big Five" by the merger on July 1, 2013 of Penguin and Random House, include Georg von Holtzbrinck Publishing Group/Macmillan, Hachette, HarperCollins, Penguin Books, Random House; and Simon & Schuster.
- ^ a b Pfanner, Eric; Chozick, Amy (October 29, 2012). "Random House and Penguin Merger Creates Global Giant". The New York Times. ISSN 0362-4331. Retrieved August 19, 2024.
- ^ Edgecliffe-Johnson, Andrew; Wiesmann, Gerrit (October 26, 2012). "Penguin and Random House in deal talks". Media. Financial Times. Archived from the original on December 10, 2022. Retrieved August 12, 2013.(registration required)
- ^ a b c Bosman, Julie (July 1, 2013). "Penguin and Random House Merge, Saying Change Will Come Slowly". The New York Times. ISSN 0362-4331. Archived from the original on July 14, 2018. Retrieved April 4, 2016.
- ^ a b c Alter, Alexandra (October 18, 2018). "Penguin Random House Merges Two of its Successful Publishing Lines". The New York Times. Archived from the original on October 31, 2020. Retrieved November 16, 2018.(registration required)
- ^ Maher, John (October 18, 2018). "The Random House and Crown Publishing Groups Merge". Publishers Weekly. Archived from the original on November 16, 2018. Retrieved November 16, 2018.
- ^ Nawotka, Ed (March 27, 2019). "PRH Acquires U.K.'s Little Tiger Group". Publishers Weekly. Archived from the original on October 8, 2023.
- ^ Milliot |, Jim. "Random House Is Buying Boom! Studios". PublishersWeekly.com. Retrieved July 15, 2024.
- ^ Grobar, Matt (July 10, 2024). "Random House Publishing Group To Acquire Boom! Studios". Deadline. Retrieved August 19, 2024.
- ^ a b "THE RANDOM HOUSE GROUP LIMITED - Overview (free company information from Companies House)". Find and update company information - GOV.UK. Archived from the original on July 18, 2021. Retrieved July 18, 2021.
- ^ "Publishing houses". Penguin Books UK. Archived from the original on December 12, 2022. Retrieved January 1, 2023.
- ^ "Sales and distribution". Penguin Books UK. Archived from the original on December 12, 2022. Retrieved January 1, 2023.
- ^ McDowell, Edwin (June 8, 1989). "The Media Business; Random House to Buy British Book Publisher". The New York Times. ISSN 0362-4331. Archived from the original on July 18, 2021. Retrieved January 20, 2018.
- ^ "Hutchinson and Company (Publishers) Limited". Baskerville Books. Archived from the original on July 18, 2021. Retrieved July 18, 2021.
- ^ "Cornerstone". Penguin Random House UK. Archived from the original on August 15, 2017. Retrieved August 15, 2017.
- ^ "Contact us". Random House Books Australia. Archived from the original on September 29, 2013. Retrieved March 3, 2014.
- ^ "Bertelsmann Completes Full Acquisition of Penguin Random House". Bertelsmann. 2020. Archived from the original on October 27, 2020. Retrieved April 27, 2020.
- ^ "Random House Mondadori is renamed Penguin Random House Grupo Editorial". Penguin Random House. 4 November 2013. Archived from the original on 17 November 2013. Retrieved 6 November 2013.
- ^ "Random House Canada". Archived from the original on November 26, 2012.
- ^ a b Schreiber, Mark (January 13, 2013). "Magazines struggle to maintain relevance". The Japan Times. ISSN 0447-5763. Archived from the original on January 19, 2021. Retrieved March 18, 2020.
- ^ "Random House Tries New Approach to Asia". Publishers Weekly. April 27, 2010. Archived from the original on March 8, 2021. Retrieved March 18, 2020.
External links
[edit]- Official website
- Random House at Open Library
- Finding aid to Random House records at Rare Book & Manuscript Library of Columbia University
- Mary H. Munroe (2004). "Bertelsmann Timeline". The Academic Publishing Industry: A Story of Merger and Acquisition. Archived from the original on June 7, 2010 – via Northern Illinois University.
- Who Speaks for the Negro? — A digital archive of materials related to the book of the same name published in 1965 by Random House
Random House
View on GrokipediaHistory
Founding and early years
Random House traces its origins to 1925, when Bennett Cerf, a 27-year-old Columbia University alumnus working at Boni & Liveright, and Donald S. Klopfer, a 23-year-old entrepreneur from a family manufacturing business, acquired the Modern Library imprint for an undisclosed sum.[2] The Modern Library consisted of 109 inexpensive editions of classic literature, which the partners continued to publish and expand while operating from modest offices in New York City.[11] This acquisition laid the foundation for their publishing enterprise, initially focused on accessible reprints to reach a broad readership. In 1927, Cerf and Klopfer reorganized and renamed the company Random House, drawing the name from their whimsical intention to publish "a few books on that press at random." This shift signaled ambitions beyond reprints, aiming to include original trade books. The imprint's debut came in 1928 with a limited-edition, beautifully bound version of Voltaire's Candide, illustrated by Rockwell Kent, which sold out quickly and demonstrated the company's potential for high-quality productions.[2] The early 1930s brought Random House's most defining achievement: the publication of James Joyce's Ulysses. In 1932, Cerf deliberately imported a copy to provoke a customs seizure, leading to the landmark obscenity trial United States v. One Book Called Ulysses in 1933. Represented by attorney Morris L. Ernst, Random House prevailed when Judge John M. Woolsey ruled the novel not obscene, citing its artistic merit.[12] The first authorized U.S. edition appeared in January 1934, becoming a bestseller and establishing Random House as a defender of literary freedom while enhancing its prestige among authors and readers.20th century expansion
Following its establishment in 1927, Random House pursued strategic acquisitions to broaden its catalog and author roster, beginning with the 1936 merger with Robinson Smith & Robert Haas, Inc., which brought prominent authors such as William Faulkner, André Gide, and Isak Dinesen into its fold.[2] This early expansion solidified Random House's reputation for literary excellence, particularly in importing and publishing international works. By the mid-20th century, the company had grown into a major player in American trade publishing, leveraging these moves to diversify beyond reprints and into original fiction and nonfiction. The 1960 acquisition of Alfred A. Knopf, Inc., for approximately $3 million marked a pivotal moment, integrating one of the era's most prestigious imprints known for high-quality literary titles and authors like John Updike and Toni Morrison.[2][13] This was followed in 1961 by the purchase of Pantheon Books, a New York-based house founded by European émigrés Kurt and Helen Wolff, which specialized in translated foreign literature and added depth to Random House's global offerings.[2][14] In 1965, Random House itself was acquired by the Radio Corporation of America (RCA), a major media conglomerate, providing capital for further growth while allowing founders Bennett Cerf and Donald Klopfer to retain operational control.[2] The late 20th century saw accelerated expansion into mass-market and reference publishing. In 1973, Random House acquired Ballantine Books for about $6.4 million, gaining a leading paperback imprint that enabled broader distribution of popular fiction, including science fiction and fantasy titles.[2][15] This move was complemented by the 1982 purchase of Fawcett Books from CBS Inc., which strengthened its position in mass-market paperbacks with imprints like Gold Medal and Crest.[2][16] Diversification continued in 1986 with the acquisition of Fodor's Travel Guides, enhancing Random House's reference portfolio with established travel literature.[2][17] Under new ownership in 1980—when Advance Publications, Inc., acquired Random House, integrating it into the Newhouse media empire—the company ramped up trade publishing ambitions.[2] The 1988 acquisition of Crown Publishing Group further bolstered its commercial fiction and nonfiction lines, adding bestsellers from authors like Jean Auel and imprints such as Clarkson N. Potter.[2][18] International outreach intensified in 1989 with the purchase of Century Hutchinson Ltd. in the United Kingdom, which included imprints like Chatto & Windus and Virago Press, establishing Random House U.K. and expanding its European footprint.[2][19] By the decade's end, these efforts had transformed Random House into the world's largest English-language trade publisher, with a diverse array of imprints and global reach.Bertelsmann acquisition
In March 1998, Bertelsmann AG, a German media conglomerate, announced its agreement to acquire Random House, the leading English-language trade book publisher, from Advance Publications, the family-owned company controlled by S.I. Newhouse.[7][20] The deal, valued at an estimated $1.4 billion though officially undisclosed, represented a major consolidation in the publishing industry and marked Bertelsmann's strategic expansion into the U.S. market.[7][21] The acquisition was completed in July 1998, integrating Random House with Bertelsmann's existing U.S. publishing assets, including Bantam Doubleday Dell, which the company had purchased in 1987.[22] This move solidified Bertelsmann's position as the world's largest trade book publisher by revenue and catalog size, encompassing renowned authors such as William Faulkner, John le Carré, and Margaret Atwood, whose works had collectively earned more Nobel Prizes in Literature and Pulitzer Prizes than any other publishing group.[23] At the time, Random House titles accounted for over 20% of the New York Times bestseller list.[23] The transaction highlighted the growing globalization of the book industry, with Bertelsmann leveraging Random House's strong editorial independence and diverse imprints to enhance its international content portfolio.[24] Post-acquisition, Random House retained its operational autonomy under Bertelsmann, fostering further growth in English-language publishing while contributing to the parent's broader media strategy.[23] By 2001, the Random House name was adopted as the umbrella for Bertelsmann's global book publishing activities.[23]Merger with Penguin and 21st century developments
In October 2012, Bertelsmann, the parent company of Random House, and Pearson, the owner of Penguin Group, announced their intention to merge their trade publishing businesses, forming Penguin Random House as the world's largest English-language book publisher.[25] The deal, valued at approximately $3.55 billion, aimed to combine the strengths of both companies to better compete in a rapidly evolving industry marked by digital disruption and retailer consolidation.[9] The merger was completed on July 1, 2013, with Bertelsmann holding a 53% stake and Pearson retaining 47%, resulting in a combined entity that controlled over 25% of the U.S. trade book market and published more than 15,000 titles annually across 250 imprints.[10] Following the merger, Bertelsmann progressively increased its ownership. In July 2017, it acquired an additional 22% stake from Pearson for about $1 billion, raising its share to 75% and providing greater strategic control over the company's direction.[26] This transaction valued Penguin Random House at roughly $4 billion at the time.[27] Bertelsmann completed its full acquisition of the remaining 25% stake in December 2019 for €675 million ($743 million), with the deal finalizing in April 2020 amid the early stages of the COVID-19 pandemic, which unexpectedly boosted book sales industry-wide.[28] By then, Penguin Random House employed around 10,000 people globally and had expanded its operations to include over 300 imprints across six continents.[8] In the years following the merger, Penguin Random House experienced robust revenue growth, driven by strong performance in both print and digital formats. The company's first full-year report post-merger in 2014 showed revenues of €3.3 billion, a 23.9% increase from Random House's pre-merger figures, fueled by synergies in distribution and marketing.[29] Digital sales, particularly audiobooks, emerged as a key growth area; the audiobook segment grew over 500% industry-wide from 2013 to 2022, with Penguin Random House leading through investments in production, releasing nearly 2,000 new titles annually by the mid-2020s and leveraging platforms like Spotify for distribution.[30] Overall revenues reached €4.9 billion in 2024, an 8.5% rise from 2023, with operating EBITDA up 11.3% to €739 million, reflecting sustained demand during and after the pandemic.[31] In the first half of 2025, revenues increased by 2% year-over-year, though operating profits fell 12% due to higher production and distribution costs.[32] The company pursued further expansion through acquisitions, most notably announcing in November 2020 its $2.175 billion bid to acquire Simon & Schuster, which would have combined the top two U.S. publishers and controlled nearly 30% of the market.[33] The deal faced intense antitrust scrutiny from the U.S. Department of Justice, which sued in 2021 arguing it would reduce competition for author advances and harm smaller publishers.[34] In October 2022, a federal judge issued a permanent injunction blocking the merger, citing evidence from trial that it would likely lead to higher prices and fewer opportunities for authors; the agreement was terminated in November 2022, with Penguin Random House paying a $200 million breakup fee.[35] Amid these developments, Penguin Random House intensified efforts on diversity, equity, and inclusion (DEI) to address longstanding industry imbalances. In 2016, CEO Markus Dohle publicly acknowledged the sector's slow progress on diversity and launched initiatives to attract underrepresented talent.[36] By 2023, the company released its first comprehensive U.S. DEI report, revealing that 29.9% of its workforce identified as people of color, up from previous years, alongside programs like the Black Creatives Fund in partnership with We Need Diverse Books to support emerging Black authors.[37] This progress continued into 2024, with white employees comprising 68.9% of the workforce, a slight decline from 70.1% in 2023, as part of broader commitments to amplify diverse voices in publishing.[38]Corporate structure
Ownership and leadership
Random House operates as a major division within Penguin Random House, the world's largest trade book publisher. Penguin Random House is wholly owned by the German media conglomerate Bertelsmann SE & Co. KGaA, which acquired full ownership in April 2020 by purchasing the remaining 25% stake from Pearson plc for $675 million.[8][39] This structure positions Bertelsmann as the ultimate parent company, with Penguin Random House maintaining operational independence while benefiting from Bertelsmann's global resources.[31] At the corporate level, Penguin Random House is led by Chief Executive Officer Nihar Malaviya, who assumed the role permanently in September 2023 after serving as interim CEO earlier that year.[40] Malaviya, a member of Bertelsmann's Group Management Committee, oversees global operations, including strategy, acquisitions, and diversity initiatives.[41] Supporting him is Chief Operating Officer Jeff Abraham, who manages U.S. operations and logistics.[42] Within the Random House Publishing Group, leadership is headed by President Sanyu Dillon, appointed in February 2023 following the retirement of longtime leader Gina Centrello.[43] Dillon directs imprints such as Alfred A. Knopf, Crown, and Doubleday, focusing on adult trade fiction and nonfiction. For children's publishing, Mallory Loehr serves as President of Random House Children's Books, a position she assumed on May 1, 2025, after 30 years with the company.[44] This team emphasizes editorial excellence, author development, and market expansion under Bertelsmann's oversight.[45]Headquarters and facilities
Random House, as part of Penguin Random House, maintains its world headquarters at 1745 Broadway in New York City, New York, a location established in 2002 following the merger of Random House and Bantam Doubleday Dell.[2] This 22-story building in Midtown Manhattan serves as the central hub for executive leadership, editorial operations, marketing, and sales for the company's U.S. divisions, accommodating over 2,000 employees after the consolidation of Penguin and Random House teams in 2015.[46] The facility features modern office spaces designed to foster collaboration among imprints, with amenities including conference rooms, a cafeteria, and digital production studios to support the publishing workflow.[47] In addition to the New York headquarters, Penguin Random House operates several advanced distribution and fulfillment centers across the United States to handle the logistics of printing, warehousing, and shipping millions of books annually. The primary U.S. distribution network includes facilities in Westminster, Maryland (400 Bennett Cerf Drive, Westminster, MD 21157), which spans over one million square feet and processes a significant portion of East Coast orders; Crawfordsville, Indiana, recently expanded by 650,000 square feet in 2025 to enhance Midwest capacity; Reno, Nevada, opened in 2019 to serve the West Coast efficiently; and Hampstead, Maryland (630 Hanover Pike, Hampstead, MD), a one-million-square-foot site launched in 2021 for additional East Coast fulfillment.[48][49] These centers employ state-of-the-art automation for picking, packing, and shipping, enabling the company to distribute to over 28,000 U.S. retail locations and ship more than one million books per day.[50][51] Internationally, Penguin Random House has invested in facilities to support global operations, such as a new distribution center in Barcelona, Spain, opened in 2025, which represents the company's most advanced European hub for warehousing and logistics in the region.[52] These facilities collectively ensure efficient supply chain management, with a focus on sustainability through energy-efficient designs and reduced carbon emissions in transportation.[53]Imprints and divisions
Random House's publishing operations, integrated into Penguin Random House since the 2013 merger, are structured around specialized divisions that oversee distinct imprints focused on various literary genres, formats, and audiences. These divisions enable targeted editorial strategies, from commercial mass-market titles to literary fiction and lifestyle content. The core divisions originating from Random House include the Random House Publishing Group, the Knopf Doubleday Publishing Group, and the Crown Publishing Group, each contributing to the company's diverse portfolio of over 15,000 annual print titles across Penguin Random House.[54] The Random House Publishing Group emphasizes accessible, high-volume publishing in trade and mass-market formats, covering commercial fiction, nonfiction, science fiction, health, and inspirational works. It publishes bestselling authors in genres like romance, thrillers, and self-help, with a focus on broad reader appeal. Key imprints within this group include:- Ballantine Books, specializing in mainstream fiction and nonfiction bestsellers.
- Bantam Books, known for mass-market paperbacks in fiction and popular nonfiction.
- Convergent Books, focusing on faith-based inspirational and spiritual titles.
- Del Rey, dedicated to science fiction, fantasy, and speculative fiction.
- The Dial Press, publishing literary and upmarket fiction.
- Harmony Books, centered on wellness, self-improvement, and lifestyle nonfiction.
- Hogarth Books, emphasizing bold, innovative literary fiction.
- Inklore, curating manga, webcomics, and graphic novels for adult audiences.
- One World, highlighting diverse voices in fiction and nonfiction on social issues.
- Random House, the flagship imprint for general trade books across categories.
- Random House Worlds, handling licensed pop culture and genre fiction.
- Roc Lit 101, amplifying emerging Black voices in literary fiction.
- Rodale Books, focusing on health, fitness, and sustainable living.
- Alfred A. Knopf, a cornerstone for literary fiction, poetry, and classics.
- Anchor Books, producing quality paperbacks of literary and contemporary titles.
- Doubleday, publishing commercial and literary fiction alongside serious nonfiction.
- Everyman's Library, offering enduring classics in durable editions.
- Nan A. Talese, specializing in literary fiction and narrative nonfiction.
- Pantheon Books, focusing on international literature and cultural criticism.
- Schocken Books, dedicated to Jewish studies, history, and memoir.
- Vintage Books, handling trade paperbacks of literary and genre works.
- Clarkson Potter, specializing in cookbooks, crafts, and home design.
- Crown Trade, publishing general trade nonfiction and fiction.
- Crown Currency, focusing on business, economics, and leadership.
- Storehouse Voices, amplifying underrepresented narratives in nonfiction.
- Ten Speed Press, known for career guides, food writing, and graphic titles.
- Ten Speed Graphic, dedicated to graphic novels and illustrated storytelling.
- Watson-Guptill, centering on art, photography, and instructional books.
- 4 Color Books, exploring comics and visual narratives.
International operations
United States operations
Penguin Random House, incorporating Random House as its foundational U.S. entity, maintains its core operations in the United States as the world's largest English-language general trade book publisher. The U.S. division handles the full spectrum of publishing activities, from manuscript acquisition and editing to production, marketing, sales, and distribution, primarily targeting the domestic market while supporting international exports. Employing more than 5,000 people in North America, the company publishes around 15,000 print titles and 70,000 digital titles annually, emphasizing diverse genres including fiction, nonfiction, children's books, and reference works.[3] The U.S. headquarters is based at 1745 Broadway in Manhattan, New York City, New York 10019, a state-of-the-art tower that centralizes executive leadership, editorial departments, marketing teams, and administrative functions. This facility, completed in 2009, facilitates collaboration among over 250 imprints and divisions, driving strategic initiatives and content innovation. Supporting offices exist in select cities for regional sales and specialized operations, but New York remains the primary hub for decision-making and creative oversight.[58] Distribution forms the backbone of U.S. logistics, with Penguin Random House operating four major fulfillment centers equipped with advanced automation to process orders efficiently. These facilities receive printed books from external printers, store inventory, pick and pack orders, and ship to retailers and consumers, achieving over one million books dispatched daily while maintaining low out-of-stock rates. The network ensures nationwide coverage, including vendor-managed inventory programs for major accounts and expedited holiday shipping for independent sellers. Key centers include:| Facility | Location | Description |
|---|---|---|
| Westminster Distribution Center | 400 Bennett Cerf Drive, Westminster, MD 21157 | Primary East Coast hub for receiving, storage, and high-volume shipping; supports overall supply chain security and manufacturing oversight for physical formats.[48][59] |
| Hampstead Facility | 630 Hanover Pike, Hampstead, MD 21074 | Focuses on fulfillment and distribution in the Mid-Atlantic region, handling packed orders for rapid delivery.[58] |
| Crawfordsville Distribution Center | Crawfordsville, IN | Central U.S. site expanded by 650,000 square feet in 2024 to boost capacity amid rising e-commerce demand; celebrated with a ribbon-cutting in August 2025.[60][61] |
| Reno Operations Center | 1160 Trademark Drive, Reno, NV 89521 | Western U.S. logistics base managing inventory for 28,000 retail outlets and providing product management for audio and print editions.[58][51] |
