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Random House CEO Leaves

Peter W. Olson has run Random House since 1998 but will be stepping down in the next couple of weeks due to lowered profits and “steep losses in its American book clubs.” I have no idea what effect that will have on Bantam/Dell or Ballantine, but I’ve always found those houses to offer great promotional packages for its authors.

Source: Huffington Post.

Jane Litte is the founder of Dear Author, a lawyer, and a lover of pencil skirts. She spends her downtime reading romances and writing about them. Her TBR pile is much larger than the one shown in the picture and not as pretty. You can reach Jane by email at jane @ dearauthor dot com

2 Comments

  1. Sherry Thomas
    May 05, 2008 @ 19:23:15

    Oh, darn. I’m with Random House and it has been wonderful for me personally.

  2. Ann Bruce
    May 05, 2008 @ 19:41:25

    Hmm…I know how to improve their profits. However, the mere suggestion of it makes a lot of authors want to tar and feather me.

    Ann (who’s ruthless with cost-cutting at the day job)

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