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.
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This entry was posted on Monday, May 5th, 2008 at 1:19 pm and is filed under Publishing News. Tagged: publishing business, Random-House. You can feed this entry.
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Jane is a long time romance reader whose passion is, you guessed it, reading. She's currently loving contemporary authors like Sarah Mayberry and Kristan Higgins but her first love will always be the historical. Some of her old time favorites are Amanda Quick and Johanna Lindsey and some of the new favorites are Sherry Thomas, Joanna Bourne and Claudia Dain.
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Oh, darn. I’m with Random House and it has been wonderful for me personally.
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)